Home / Knowledge / News / Fashion / Inditex approves €0.18 bonus dividend per share to shareholders

Inditex approves €0.18 bonus dividend per share to shareholders

18
Jul '05
Largest fashion group Indetex, The Annual General Meeting of Shareholders of Industria de Diseño Textil, S.A., Inditex, held in Arteixo, has approved the annual accounts for FY2004 and the distribution of income or loss, as well as the distribution of a dividend amounting to €0.48 per share.

Likewise, the AGM has approved and ratified the appointment as ordinary members of the Board of Directors of Mr. Pablo Isla Álvarez de Tejera, Gartler, S.L. –represented by Ms. Flora Pérez Marcote- and Mr. José Luis Vazquez Mariño, as well as the re-election to the Board of Mr. Amancio Ortega Gaona, Mr. José Mª Castellano Ríos and Mr. Juan Manuel Urgoiti López de Ocaña.

The approved dividend totals € 299,199,000, which represents a 48% pay out with regard to the net income. Remuneration to shareholders is in the form of an ordinary dividend of € 0.30 per share and a bonus dividend of € 0.18 per share, payable on 21 July 2005 through those entities where shareholders have their shares deposited.

The AGM has also passed, among other resolutions, that of a change in the remuneration system in respect of the Chairman, for whom a sole remuneration in all regards of 600,000 euros, is fixed.

Spain based Inditex is one of the worlds largest fashion distributors, with eight sales formats -Zara, Pull and Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home y Kiddy's Class- boasting 2.400 stores in 57 countries. The Inditex Group is comprised of over one hundred companies associated with the business of textile design, manufacturing and distribution.

Inditex


Must ReadView All

Pic: Shutterstock

Retail | On 5th Mar 2021

Walmart commits $350 bn to US manufacturing in next 10 years

Walmart has announced a strengthened commitment to US jobs and...

Pic: Shutterstock

Retail | On 5th Mar 2021

Primark may take £1.1-bn sales hit from store closures in

Associated British Foods expects to incur a sales loss during store...

UK Chancellor of the Exchequer Rishi Sunak. Pic: GOV.UK

Textiles | On 4th Mar 2021

More support measures for workers, businesses announced in

British chancellor of the treasury Rishi Sunak recently announced...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Top executives, Fashion houses, India

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Abhishek Ganguly, Puma India

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Anurag Mohota,

Anurag Mohota

Located in the heart of cotton growing belt of India, Gimatex is a...

Yash Jain & Sanjeev Jain,

Yash Jain & Sanjeev Jain

Divyam Export, launched about 30 years ago, exports to 15 countries,...

Anupam Chakrabarty,

Anupam Chakrabarty

Headquartered in Finland, Helsinki, Lindström Group is a textile rental...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

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

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


February 2021

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


Advanced Search