The shareholders' meeting of Pirelli & C. approved the financial statements for the 2021 financial year, which closed with a net profit of the parent company of 216,6 million euros, up compared to the 44 million euros of the corresponding 2020 period. In compliance with the dividend policy of the 2021-2022 business plan |2025, the assembly approved the distribution of a dividend of €0,161 per share for a total amount of 161 million euro, far higher than last year, which stopped at 0,08 euro per share. The dividend relating to the 2021 financial year will be paid starting from 25 May 2022 (ex-dividend date 23 May 2022 and record date 24 May 2022). Meanwhile, in the middle of the day the stock loses 1,17% at 4,63 euro.
Pirelli: ok to the remuneration policy
The shareholders also approved the remuneration policy for 2022 (with 85,19% of share capital present) and expressed their favorable opinion (with 84,54% of share capital present) on the Report on remuneration paid in the financial year 2021. The shareholders' meeting also approved (with 88,31% of the share capital present) the adoption of the Monetary incentive plan for the three-year period 2022-2024 intended for the general management of the group. Lastly, the shareholders' meeting approved (with 85,62% of the share capital present) the mechanisms for any adjustment of the sole quantification of the objectives included in the monetary incentive plans for the three-year periods 2020-2022 and 2021-2023, in line with what already envisaged by the remuneration policy for 2022.
READ ALSO: "Pirelli, ChemCina and Camfin renew the pact: Tronchetti Provera in the saddle until 2026 with Bruno as new CEO"
