During IGD SIIQ S.p.A.\u2019s Annual General Meeting, that met today in ordinary session, shareholders:<\/p>\n
2. Approved the payment of a dividend equal to \u20ac 0.228152 per share, payable as from 22 July 2020 with shares going ex-div on 20 July 2020.<\/p>\n
3.1 Approved\u00a0the first section of the \u201cReport on Remuneration and\u00a0Compensation\u00a0Paid\u201d.<\/p>\n
3.2 Approved the second section of the \u201cReport on Remuneration and\u00a0Compensation\u00a0Paid\u201d.<\/p>\n
4. Resolved to revoke the prior authorization for the purchase of treasury shares approved during the Ordinary Annual General Meeting held on\u00a010\u00a0April 2019.<\/p>\n
\u00a0<\/span><\/p>\n \u00a0<\/span>Bologna,\u00a0<\/span>11\u00a0<\/span>June<\/span>\u00a02020<\/span>.\u00a0<\/span>Today the Ordinary Annual General Meeting of\u00a0<\/span>IGD – Immobiliare Grande Distribuzione SIIQ S.p.A.<\/span>,<\/span>\u00a0<\/span>(\u201cIGD\u201d or the \u201cCompany\u201d), met in first call, in a meeting chaired by Elio Gasperoni.\u00a0<\/span>\u00a0<\/span><\/p>\n \u00a0<\/span><\/p>\n Separate and consolidated financial statements\u00a0<\/span><\/b>as\u00a0<\/span><\/b>at 31 December 2019<\/span><\/b>,\u00a0<\/span><\/b>dividend distribution.<\/span><\/b>\u00a0<\/span><\/b>\u00a0<\/span><\/p>\n During the Ordinary Annual General Meeting IGD\u2019s shareholders approved the 2019 financial statements of IGD SIIQ S.p.A., as presented during the Board of Directors meeting held on 27 February 2020, which close with a net profit of\u00a0<\/span>\u20ac9,470,568 million<\/span>,\u00a0<\/span><\/b>and<\/span>\u00a0also resolved to pay a dividend of \u20ac0.228152 50 per share. The dividend will be payable as from\u00a0<\/span>22 July 2020<\/span>\u00a0with shares going ex-div on\u00a0<\/span>20 July 2020<\/span>\u00a0(detachment of coupon n. 4).<\/span>\u00a0<\/span>\u00a0In accordance with Art. 83-terdecies of Legislative Decree n.58 of 24 February 1998, the shareholders of IGD at 21 July 2020 (record date) as per the records of the intermediary, pursuant to Art. 83-quater, par. 3 of Legislative Decree n.58 of 24 February 1998, will be entitled to receive the dividend<\/span>.\u00a0<\/span>\u00a0<\/span><\/p>\n The total dividend payable on the 110,232,654 ordinary shares of IGD outstanding at 7 May 2020<\/span>,<\/span>\u00a0<\/span>net of treasury shares held by the company at the same date,\u00a0<\/span>amounts to \u20ac<\/span>25,149,800.48<\/span>\u00a0to be taken from:<\/span>\u00a0<\/span><\/p>\n The earnings distributed from exempt operations totals \u20ac25,149,800<\/span>.<\/span>48<\/span>\u00a0<\/span>or \u20ac0.<\/span>228152<\/span>\u00a0per share<\/span>.<\/span>\u00a0<\/span><\/p>\n \u00a0<\/span><\/p>\n During today\u2019s Ordinary Annual General Meeting IGD Group\u2019s consolidated financial statements for FY 2019 were also presented. The IGD Group\u2019s rental income amounted to \u20ac155.3 million at 31\u00a0<\/span>December 2019,<\/span>\u00a0an increase of 2.3% against 2018. Core business EBITDA amounted to \u20ac125.2 million (an increase of 2.3% against 31 December 2018) and the core business EBITDA margin came in at 77.5%. The Group\u2019s portion of net profit amounted to \u20ac12.6 million, lower than in 2018. Funds from Operations (\u201cFFO\u201d) reached \u20ac83.3 million at 31 December\u00a0<\/span>2019,<\/span>\u00a0an increase of 4.5% with respect to 2018. The IGD Group\u2019s net debt amounted to \u20ac1,162.6 million, showing a slight increase with respect to December 2018. The average cost of debt, however, was lower coming in at 2.35% versus 2.65% in 2018. Based on CB Richard Ellis\u2019s, Reag\u2019s, Cushman & Wakefield\u2019s and JLL\u2019s independent appraisals, the market value of the IGD Group\u2019s real estate portfolio reached \u20ac2,381.41 million, down 1.27% against 31 December 2018.\u00a0<\/span>\u00a0<\/span><\/p>\n \u00a0<\/span><\/p>\n Re<\/span><\/b>port on Remuneration and Compensation Paid in accordance with\u00a0<\/span><\/b>art. 123-<\/span><\/b>ter<\/span><\/i><\/b>,\u00a0<\/span><\/b>paragraphs\u00a0<\/span><\/b>3-<\/span><\/b>ter<\/span><\/i><\/b>\u00a0and<\/span><\/b>\u00a0<\/span><\/b>6,\u00a0<\/span><\/b>of Legislative Decree<\/span><\/b>\u00a058\/98<\/span><\/b>\u00a0<\/span><\/p>\n During the Ordinary Annual General Meeting<\/span>\u00a0<\/span>shareholders\u00a0<\/span>approved the first section<\/span><\/b>\u00a0<\/span>of the \u201cReport on Remuneration and the Compensation Paid\u201d in accordance with Art. 123-<\/span>ter<\/span><\/i>, paragraphs 3-<\/span>bis<\/span><\/i>\u00a0and 3-<\/span>ter<\/span><\/i>, of TUF<\/span>.<\/span>\u00a0<\/span>The first section describes the Company\u2019s policy with respect to the compensation of the members of the Board of Directors, the Board of Statutory Auditors and executives with strategic responsibilities for 2020, as well as the procedures used\u00a0<\/span>to adopt\u00a0<\/span>and implement this policy.<\/span>\u00a0<\/span>This section, pursuant to Art. 123-<\/span>ter<\/span><\/i>, paragraphs 3-<\/span>bis<\/span><\/i>\u00a0and 3-<\/span>ter<\/span><\/i>, of TUF, as introduced in Legislative Decree n. 49\/2019, is subject to the binding resolution of the ordinary Shareholders\u2019 Meeting.<\/span>\u00a0<\/span><\/p>\n \u00a0<\/span><\/p>\n During the Ordinary Annual General Meeting shareholders\u00a0<\/span>also resolved in favor of the second section\u00a0<\/span><\/b>of the \u201cReport on Remuneration and the Compensation Paid\u201d in accordance with Art. 123-<\/span>ter<\/span><\/i>, paragraph 6, of TUF.<\/span>\u00a0<\/span>The second section contains information about the compensation paid to the members of the Board of Directors, the Board of Statutory Auditors and executives with strategic\u00a0<\/span>responsibilities (shown as an aggregate) in 2019. This section, pursuant to the new paragraph 6 of Art. 123-<\/span>ter<\/span><\/i>\u00a0TUF, introduced in Legislative Decree n. 49\/2019, is subject to the non-binding resolution of the ordinary Shareholders\u2019 Meeting.\u00a0<\/span>\u00a0<\/span><\/p>\n \u00a0<\/span><\/p>\n Purchase and disposal of treasury shares<\/span><\/b>\u00a0<\/span><\/b>\u00a0<\/span><\/p>\n During the Ordinary Annual General Meeting shareholders\u00a0<\/span>resolved to revoke the authorization granted\u00a0<\/span>by\u00a0<\/span>the Ordinary General Meeting on 10 April 2019 to buy treasury shares expiring on 10 October\u00a0<\/span>2020.\u00a0<\/span>As announced previously, the Company has already suspended the purchase of treasury shares.<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" During IGD SIIQ S.p.A.\u2019s Annual General Meeting, that met today in ordinary session, shareholders: Approved the separate financial statements\u00a0as\u00a0at 31 December 2019,\u00a0\u00a0as well as the consolidated financial statements\u00a0as\u00a0at 31 December 2019,\u00a0which close with rental income of \u20ac155.3 million (+2.3%), Fund From Operations (FFO) of \u20ac83.3 million (+4.5%), core business EBITDA of \u20ac125.2 million (+10.1%) and […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-28491","post","type-post","status-publish","format-standard","hentry","category-price-sensitive-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/28491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/comments?post=28491"}],"version-history":[{"count":1,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/28491\/revisions"}],"predecessor-version":[{"id":28494,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/28491\/revisions\/28494"}],"wp:attachment":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/media?parent=28491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/categories?post=28491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/tags?post=28491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n