The ordinary shareholders' meeting of FinecoBank approved the results for the 2014 financial year, which closed with a net profit of 150 million euro, and approved the distribution of a dividend of $0,20 per share, which will be paid on April 29 with a coupon detachment date of April 27.
In the extraordinary part, the FinecoBank shareholders' meeting, among other things, gave the BoD the power to resolve, even on several occasions and for a maximum period of five years, a free share capital increase for a maximum amount of 131.159,49 euro (to be charged entirely to share capital for 0,33 euro per share, equal to the nominal value per share), with the issue of a maximum of 397.453 new ordinary shares with a nominal value of 0,33 euro each, to be assigned to FinecoBank personnel for the purpose of executing the 2015 incentive system.
Since the beginning of 2015 Fineco has registered a total net inflows of 1,612 billion euro achieving an increase of 53% compared to the same period of 2014. In the month of March alone, net inflows amounted to 704 million (+69% y/y), while assets under management reached 569 million, and from at the beginning of the year it stood at 1.198 million (+92% y/y). “We close the first three months of the year with the best inflows ever”, commented Alessandro Foti, Chief Executive Officer and General Manager of Fineco. In Piazza Affari, at the beginning of the afternoon, the FinecoBank share lost just over 1% a €6,595 per share.
