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Savings shares

The privileges of the Holders of Saving Shares are set out in the SAES Getters' By-laws in the Article no. 26 which reports that the net profits of each operating year will be allocated as follows:
-    5% to legal reserves, until one fifth of the share capital has been reached;
-    the remaining amount will be distributed in the following way:

  • a privileged dividend equal to 25% of the implied book value (understood as the ratio between the total amount of the share capital and total the number of shares issued) will be distributed to savings shares; when a dividend of less than 25% of the implied book value (understood as the ratio between the total amount of the share capital and total the number of shares issued) has been allocated to savings shares in one operating year, the difference will be made up on the privileged dividend of the next two operating years;
  • residual profits, which the Shareholders’ Meeting has voted to distribute, residual profits, which the Shareholders’ Meeting has voted to distribute, will be distributed among all the shares in such a way as to ensure, however, that savings shares will be entitled to a total dividend that will be higher than that of ordinary shares by 3% of implied book value (understood as the ratio between the total amount of the share capital and total the number of shares issued).

If reserves are distributed, shares have the same rights irrespective of the category to which they belong

 

The Common Representative of the Holders of Savings Shares

The Special Meeting of the Holders of SAES Getters S.p.A. Savings Shares during the Meeting of April 27, 2017 confirmed as common representative Dr. Massimiliano Perletti, born in Milan the 20th of July 1964, Lawyer and charter member of the legal firm Roedl&Partner for the three year period 2017-2019.

Dr. Perletti is available at the email: massimiliano.perletti@roedl.it
 

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