Shareholders’ Meeting of Mzb Groups approves 2018 Financial Results
It will be distributed a dividend of Euro 0.19 per share
The Shareholders’ meeting of Massimo Zanetti Beverage Group S.p.A. (“MZBG” or the “Company”), one of the leading international company in the production, processing and marketing of roasted coffee listed on the Milan Stock Exchange (MZB.MI), approved today the 2018 financial results as previously deliberated by the Board of Directors on February 28, 2019 and disclosed to the market through a press release on the same day.
The Shareholders' meeting resolved to allocate the net profit for 2018, amounting to Euro 7,787,812 as follows: Euro 389,391 to the legal reserve and the remaining amount, equal to Euro 7,398,421, to retained earnings; and resolved to distribute a dividend of Euro 0.19 per share (+12% increase compared to the previous year), gross of tax, to be drawn on the available reserves included in the item “Other Reserves” in the 2018 Financial Statements, for an overall amount of Euro 6,517,000. The cash dividend will be payable on May 22, 2019, with ex-date (No. 4) on May 20, 2019 and record date on May 21, 2019.
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