Enav will pay a dividend of 95 million euros on the current financial year which ends on 31 December. This is the proposal decided by the Board of Directors of the entity in the process of being privatized and listed on the Stock Exchange, which yesterday also approved the dividend policy for the coming years.
The Board, chaired by Ferdinando Franco Falco Beccalli, expects to distribute dividends for a percentage "not less than 80% of the normalized cash flow".
Enav's actual ability to distribute dividends in subsequent years will in any case remain subject, among other things, to the entity's operating and financial results, market conditions and the need for financial flexibility.
Furthermore, the dividend policy “could lead to an annual distribution higher than the distributable net profit and therefore the possible use of distributable reserves”.
