LensCrafters 2005 Annual Report Download - page 74

| 73 <
To our shareholders
At the Annual Ordinary Shareholders’ Meeting of Luxottica Group S.p.A. to be held in Milan on June 14,
2006 on first call, the Board of Directors of the Company, taking into consideration the foreseeable
growth and profit prospects of the Group, will submit to shareholders a proposal to adopt a resolution
for the distribution of a cash dividend in the amount of Euro 0.29 per ordinary share, and therefore per
American Depositary Share (each American Depositary Share represents one ordinary share). This
proposal compares with a cash dividend, distributed in 2005, of Euro 0.23 per ordinary share.
If approved, Luxottica Group will pay the dividend to all holders of ordinary shares of record on June
16, 2006, and to all holders of ADSs of record on June 21, 2006. In order to be a ADS holder of record
on June 21, 2006 and thus be entitled to such dividend, you must purchase the ADSs on or before
June 16, 2006. The ordinary shares listed on the Milan Stock Exchange, and the ADSs listed on the
New York Stock Exchange, will be traded ex-dividend on June 19, 2006.
The dividend will be paid on June 22, 2006, in Euro, by Monte Titoli S.p.A., authorized intermediary, to
all ordinary shares’ depository banks. For the holders of ADSs, the dividend will be paid to Deutsche
Bank Trust Company Americas, as depositary of the ordinary shares and the issuer of the ADSs,
through Deutsche Bank S.p.A., as custodian under the Deposit Agreement. Deutsche Bank Trust
Company Americas anticipates that dividends will be payable to all the ADSs holders commencing
from and after June 29, 2006, upon satisfaction of the documentation requirements referred to below,
at the Euro/US$ exchange rate in effect on June 22, 2006.
GROSS DIVIDEND PER ORDINARY SHARE (OR AMERICAN DEPOSITARY SHARE) (1) (4)
Euro (5) US$ (2)
2005 0.290 (6) n.a. (3)
2004 0.230 0.277
2003 0.210 0.256
2002 0.210 0.242
2001 0.170 0.165
2000 0.140 0.120
1999 0.085 0.081
1998 0.074 0.075
1997 0.063 0.068
1996 0.052 0.059
1995 0.045 0.057
1994 0.041 0.049
(1) 1 ADS = 1 ordinary share.
(2) Converted by The Bank of New York at the Lira/US$ exchange rate on, respectively, July 8, 1994, July 6, 1995, July 5, 1996, July 7, 1997, July 6, 1998 and at the
Euro/US$ exchange rate on July 9, 1999, July 6, 2000, July 12, 2001, July 5, 2002, July 3, 2003, June 24, 2004, and June 23, 2005.
(3) If approved, the dividend per share will be converted into U.S. Dollars by The Bank of New York on June 22, 2006.
(4) Figures from 1994 to 1999 have been retroactively adjusted to reflect the five-for-one stock split which was effective April 16, 1998, and the two-for-one stock split which
was effective June 26, 2000.
(5) Figures through 1999 have been calculated converting the dividend in Italian Lira by the fixed rate of Lire 1,936.27 = Euro 1.00. Beginning with the 2000 financial
statements the dividend is declared in Euro.
(6) Proposed by the Board of Directors and to be submitted for approval to the Annual Shareholders’ Meeting on June 14, 2006.
TAX REGIME - HOLDERS OF ORDINARY SHARES
The gross amount of dividend paid to shareholders of Italian listed companies whose shares are
registered in a centralized deposit system managed by Monte Titoli S.p.A, who are individuals and are
Italian resident for tax purposes, will be subject to a 12.5% final substitute tax, provided the shareholding
PROPOSED DIVIDEND
FOR FISCAL YEAR ENDING
DECEMBER 31, 2005