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Luxottica Group, S.p.A. (LUX)
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LUX » Topics » Proposed dividend for fiscal year 2006 and other Board resolutions

This excerpt taken from the LUX 6-K filed Mar 7, 2007.

Proposed dividend for fiscal year 2006 and other Board resolutions

The Board of Directors today also scheduled the Company’s Ordinary Shareholders’ Meeting for May 15, 2007, on first call, and for May 16, 2007, on second call.

At the Ordinary Meeting, the Board of Directors will propose to shareholders a 45 percent increase in the cash dividend to be paid for fiscal year 2006 to €0.42 per ordinary share and per American Depositary Share (ADS) (one ADS represents one ordinary share). This will represent a dividend payout ratio of 45 percent, up from 38 percent for fiscal year 2005. Last year, shareholders approved the payment of a cash dividend of €0.29 per ordinary share and ADS.

At the Ordinary Meeting, the Board of Directors will submit to shareholders for approval, in accordance with Italian law, the Group’s International Financial Reporting Standards (IFRS)(9) statutory financial statements for fiscal year 2006 approved today by the Board.

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