A peremptory no that of Leonardo's shareholders to the request for liability action against the managing director Alessandro Profumo. The assembly rejected the request with the 99,3% of the voting capital, in favor only 0,049%. To promote the initiative had been Bluebell Partners, shareholder with 0,000004% of the share capital (only 25 shares), due to the alleged "reputational damage" that Leonardo would have suffered from the first instance (and therefore not definitive) sentence to six years in prison for false corporate communications and market manipulation inflicted on CEO Profumo in relation to an incident that occurred during his previous term as president of Monte dei Paschi di Siena. An activity that therefore has nothing to do with the current role of Profumo.
To vote the Ministry of the Economy also opposes the request, the first shareholder of the former Finmeccanica with 30,2% of the capital, which has reserved the right, as per practice, to evaluate the future evolution of the proceeding in progress. By voting against the motion, the MEF has de facto operational continuity is guaranteed of Leonardo until the end of the mandate of the current board, in a strategically delicate moment, after the recent one acquisition of 25,1% of Hensoldt, Germany's leading defense electronics company.
In addition to expressing itself on Profumo, the shareholders' meeting has approved the 2020 budget, closed with revenues down by 2,7% to 13,41 billion and a profit of 241 (-70%). The Covid effect weighs on the data, the company underlined. The shareholders also gave the green light to the decision taken by the Board of do not distribute dividends on last year's earnings. In 2020 (on 2019 profits), Leonardo had paid a coupon of 14 cents per share, for a total of 80 million.
The company reported that the meeting recorded a consistent participation of institutional shareholders, mostly foreign, present with 42,61% of the share capital.
Finally, the assembly proceeded to nominate the new board of statutory auditors, in office until 203. The body will be composed as follows: Anna Rita De Mauro, Sara Fornasiero, Leonardo Quagliata, Luca Rossi and Amedeo Sacrestano as Standing Auditors; Giuseppe Cerati and Eugenio Pinto as Alternate Auditors. Luca Rossi was appointed chairman of the board of statutory auditors.
At Piazza Affari the title Leonardo drops 2,49% on a difficult day for all European stock exchanges (Ftse Mib -1,94%), worried about the increase in inflation in the Eurozone recorded in April (+0,6% over the month and +1,6% year on year).
