Chrysler 1999 Annual Report Download - page 59

Download and view the complete annual report

Please find page 59 of the 1999 Chrysler annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 63

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63

58
Euros
The Board of Directors submits to the Stockholders’ Meeting
for approval the financial statements for the 1999 fiscal year
and proposes that the net income for the fiscal year of 396,098,804 euros
be allocated as follows:
❚to the Stockholders a dividend of:
❙ euros 0.620 on ordinary shares (equivalent to about 227 million euros)
❙ euros 0.620 on preference shares (equivalent to about 64 million euros)
❙ euros 0.775 on savings shares (equivalent to about 62 million euros)
provided they are outstanding (treasury shares excluded) on the dividend
payment date of June 22, 2000, for a total maximum payout of 353,761,584
❚to allocate to retained earnings the remainder, which shall not be less than 42,337,220
so that after this entry retained earning will amount to about 247 million euros
Matching total 396,098,804
The dividend payable to each ordinary and preference share carries a regular and therefore unrestricted tax credit of 0.566 euros,
and a limited tax credit of 0.054 euros. The dividend payable to each savings share carries a regular and therefore unrestricted
tax credit of 0.708 euros, and a limited tax credit of 0.067 euros.
Turin, April 7, 2000
The Board of Directors
By:
Paolo Fresco
Chairman
MOTION FOR ALLOCATION OF THE 1999 NET
INCOME AND DIVIDEND DISTRIBUTION