The Ordinary Shareholders' Meeting of Technoinvestments, meeting under the chairmanship of Enrico Salza, approved the financial statements as at 31 December 2017 and approved the distribution of a dividend equal to 0,14 Euros (gross of legal withholdings) per ordinary share. The total amount to be distributed as a dividend, taking into account the shares issued to date (46.573.120), is equal to 6.520.236,80 euros.
The dividend will be paid starting from 6 June 2018, subject to coupon detachment on 4 June 2018 (coupon no. 5) and record date set for 5 June 2018.
The Shareholders' Meeting also approved the carrying forward of the remaining part of the profit for the year (4.849.615,51 euros), less 5% to be allocated to the legal reserve for an amount of 598.413 euros.
Growing financial performance in 2017 compared to the previous year. Revenues are on the increase (to 181 thousand euros, 22% more than in 2016), the operating result and net profit, which rises by as much as 75% compared to the same period of the previous year, to 20.310 euros.
The Group's net financial debt as at 31 December 2017 amounted to Euro 104.563 thousand, an increase of Euro 33.332 thousand compared to 2016 mainly due to the effects of the consolidation of the Warrant srl Group, acquired at the end of November 2017.
The Group, listed on the STAR segment of the Milan Stock Exchange, is among the leading operators in Italy in the three business areas: Digital Trust, Credit Information & Management and Innovation & Marketing Services.
The Ordinary Shareholders' Meeting set the number of members of the Board of Directors at eleven for the financial years 2018-2019-2020 as well as the remuneration of the Board.
The new Board of Directors will remain in office until the Shareholders' Meeting which will be called to approve the Financial Statements as at 31 December 2020. The Ordinary Shareholders' Meeting appointed the Board of Statutory Auditors for the three-year period 2018-2020. The new Board of Statutory Auditors, which will remain in office until the Shareholders' Meeting called to approve the Financial Statements as at 31 December 2020, is made up of three Standing Auditors and two Alternate Auditors.
At the end of the Shareholders' Meeting, the Board of Directors of Tecnoinvestimenti SpA met and proceeded to appoint dott. Pier Andreas Chevalard and Vice President Eng. Alexander Barberis.
