Immsi Group: Annual General Meeting

Approval of the 2015 financial statements and distribution of a dividend of 0.015 euro per entitled ordinary shareApproval of Section I of the Remuneration ReportApproval of ordinary own share purchase and disposal planMantua, 29 April 2016 – The IMMSI S.p.A. Annual General Meeting, held today in Mantua and chaired by Roberto Colaninno, examined and approved the 2015 financial statements.In 2015, Immsi Group consolidated net sales amounted to 1,362.0 million euro, from 1,274.6 million euro in 2014; consolidated Ebitda was 160.8 million euro (149 million euro in 2014); the Group posted a net loss for the year of 9.6 million euro, a significant improvement compared with the loss of 70.8 million euro in 2014. A decisive factor in the earnings for the year was the adjustment of deferred tax assets and liabilities to the new nominal Ires tax rate ruling as from the 2017 tax period, as required by the 2016 Stability Law; the adjustment generated an overall negative effect, including minority interests, of approximately 14.4 million euro.Immsi Group net financial debt at 31 December 2015 was 926.7 million euro.The parent Immsi S.p.A. posted a net profit for 2015 of 15.5 million euro and had net financial debt of 78.2 million euro at 31 December 2015.The AGM approved distribution of a gross dividend of 0.015 euro to each entitled ordinary share (a total of 340,530,000 shares), for an overall amount of 5,107,950 euro.The dividend will be paid as from 25 May 2016, with ex dividend date (coupon 12) 23 May 2016, and record date 24 May 2016.Today's meeting also carried a non-binding vote approving Section I of the Remuneration Report drafted in accordance with art. 123-ter of Law 58/1998 and with art. 84-quater and Annex 3A Models 7-bis and 7- ter of Consob Regulation no. 11971/1999.The Immsi S.p.A. AGM also approved a plan for the purchase and disposal of company ordinary shares, revoking the Immsi S.p.A. shareholder resolution of 13 May 2015. The resolution aims to provide the company with a useful strategic investment opportunity for all purposes allowed under current law, including the purposes contemplated in the “market practices” allowed by Consob pursuant to art. 180, paragraph 1, lett c) of the Consolidated Finance Act with resolution no. 16839 of 19 March 2009 and Regulation CE no. 2273/2003 of 22 December 2003, where applicable, and also for purchases of own shares for subsequent cancellation. It should be noted that: (i) as of today the company holds no own shares and (ii) as from 3 July 2016, the regulatory references indicated above at Regulation CE no. 2273/2003 of 22 December 2003 are to be replaced by the dispositions of Regulation EU no. 596/2014 of 16 April 2014 relating to market abuse and by the “technical regulations” of the European Securitiesand Markets Authority (ESMA), and also by the current applicable pro tempore dispositions. For further information:Image BuildingTel. +39 02 89011300immsi@imagebuilding.itwww.immsi.it