The Hera shareholders' meeting approved the economic and sustainability reports for 2015 and the Board of Directors' proposal to distribute a dividend of 9 euro cents per share, in line with what was paid out last year and already announced in the 2019 business plan .
2015 closed for Hera with revenues of 4.487,0 million (+7,1% compared to 2014), EBITDA of 884,4 million (+1,9%) and a net profit for shareholders of 180,5 million (+9,5%). The coupon detachment will take place on 20 June 2016, with payment starting from 22 June 2016. The dividend paid, based on the Hera share price on 31/12/2015, corresponds to an annual yield of approximately 3,7%.
Lastly, the Shareholders' Meeting approved the renewal of the authorization given to the Board of Directors to purchase treasury shares (and the procedures for disposing of the same), for a value of up to 180 million euro for 18 months. The authorization was requested to pursue the purposes allowed by the law and accepted market practices, including investment opportunities that involve the use of treasury shares to increase the creation of value and any acquisitions of shareholdings that also involve share swaps .
