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Benetton appoints New Board of Statutory Auditors
24
Apr '08
The Benetton Group shareholders' meeting, chaired by Luciano Benetton, approved the 2007 financial statements and the payment to Shareholders of a dividend totalling 73 million euro*, equivalent to 0.40 euro per share (0.37 euro per share in 2006), confirming a pay-out ratio equivalent to 50% of consolidated net income.

Following expiry of the mandate of the Board of Statutory Auditors, the Shareholders' Meeting appointed the new Board of Statutory Auditors for the three-year period 2008-2010, composed as follows:

Angelo Casò, Chairman,
Antonio Cortellazzo, Auditor,
Filippo Duodo, Auditor,
Marco Leotta, Alternate Auditor,
Piermauro Carabellese, Alternate Auditor.

The Statutory Auditors were taken from the only list presented within the term provided by the law, and proposed by the majority shareholder Edizione Holding S.p.A.

Curricula of the Statutory Auditors are available on the Company's website www.benettongroup.com/investors.

The Shareholders' Meeting also authorised the purchase and sale of treasury shares up to a maximum of 18,000,000 ordinary shares and, in any case, within the limit of 10% of the share capital. The authorisation was given for a period of 18 months commencing 6 May 2008.

The minimum purchase price is envisaged as not less than 30% under, and the maximum price not more than 20% over, the reference price recorded by the share in the stock exchange session preceding each individual transaction; the selling price is envisaged as not less than 90% of the reference price recorded by the share in the stock exchange session prior to each individual transaction.


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