Recordati (RCDTF.PK) announced that its shareholders' meeting approved the company's 2012 financial accounts prepared according to IAS/IFRS. The company said its revenue performance in the first quarter 2013 is positive. Group sales were 244.6 million euros, an increase of 11.4% over prior year, mainly due to the international business which grew by 16.1%.
The shareholders approved a dividend of 0.10 euros per share, in full balance of the interim 2012 dividend of 0.20 euros, to be paid to all shares outstanding at ex-dividend date, excluding those in treasury stock, as from 25 April 2013 and record date on 24 April 2013. The full 2012 dividend is 0.30 euros per share.
The shareholders' meeting authorized the buy back and disposal of Recordati shares until the annual shareholders' meeting which will approve the 2013 financial statements. The shareholders' meeting also resolved, as proposed by the Board, to increase the number of directors from ten to eleven and to appoint Fritz Squindo, currently General Manager for the Coordination of Group operations, as the new member of the Board.
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