Home / Knowledge / News / Apparel/Garments / Benetton appoints New Board of Statutory Auditors

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.


Must ReadView All

Pic: University of York

Textiles | On 30th Nov 2020

UK scientists working to reduce textile industry waste

Scientists at the University of York and the Royal College of Art are ...

Pic: Material Exchange

Textiles | On 30th Nov 2020

Material Exchange raises €5 million for sustainability

Material Exchange has announced the closing of a €5 million funding...

Pic: Shutterstock

Apparel/Garments | On 30th Nov 2020

Gap reports sales of $3.99 bn in Q3 FY20

Gap Inc, a US-based specialty apparel company, has reported its...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

We are staring at livelihood crisis for weavers

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Eric Schoeller,

Eric Schoeller

Groz-Beckert is the world's leading provider of industrial machine...

Deepak Mundra,

Deepak Mundra

Surat-based Madhusudan Group is a vertically integrated textile...

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search