21
April
2006
|
14:39
Europe/Amsterdam

Pirelli & C. Shareholders' Meeting approves 2005 financial statements

PIRELLI & C. SPA ORDINARY SHAREHOLDERS MEETING:

  • 2005 FINANCIAL STATEMENTS APPROVED
  • DISTRIBUTION OF DIVIDEND OF 0.0210 EUROS PER ORDINARY SHARE AND 0.0364 EUROS PER SAVINGS SHARE APPROVED
  • NEW BOARD OF STATUTORY AUDITORS ELECTED: LUIGI GUATRI APPOINTED PRESIDENT
  • AUTHORIZATION TO BUY COMPANY'S TREASURY SHARES, IN ACCORDANCE WITH LAW, RENEWED

Milan , 21 April 2006 - The Shareholders' Meeting of Pirelli & C. SpA took place today in ordinary session.

The Meeting approved Pirelli & C. SpA 2005 Financial Statements , establishing the distribution of a dividend of 0.0210 euros per ordinary share and 0.0364 euros per savings share . The dividend will be paid on 25 May 2006 (coupon date on 22 May 2006).

In addition, the Shareholders' Meeting appointed the new Board of Statutory Auditors, through votes on the basis of slates, composed of: Luigi Guatri (who was also nominated President of the Board of Statutory Auditors), Paolo Francesco Lazzati and Enrico Laghi, as Effective Members, Luigi Guerra and Franco Ghiringhelli, as Additional Members. The curricula of the newly nominated members are available on the Company website (www.pirelli.com), in the Investor Relations area.

Finally, the Meeting renewed, for a period of 18 months, the mandate to buy and alienate the Company's ordinary and/or savings shares in accordance with the law. The Board of Directors has thus been given an instrument of broad scope, to use only if and when the opportunities present themselves.

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