LensCrafters 2006 Annual Report Download - page 65

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To our stockholders
At the Annual Ordinary Shareholders’ Meeting of Luxottica Group S.p.A. to be held in Milan on May
15, 2007 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 0.42 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 2006, of
Euro 0.29 per ordinary share/ADS.
If approved, Luxottica Group will pay the dividend to all holders of ordinary shares of record on
May 18, 2007, and to all holders of ADSs of record on May 23, 2007. In order to be a ADS holder
of record on May 23, 2007 and thus be entitled to such dividend, you must purchase the ADSs on
or before May 18, 2007. 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 May 21, 2007.
The dividend will be paid on May 24, 2007, 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 1, 2007, upon satisfaction of the documentation requirements
referred to below, at the Euro/U.S. Dollar exchange rate in effect on May 24, 2007.
DIVIDEND PROPOSAL
AND TAX REGIME
GROSS DIVIDEND PER ORDINARY SHARE (OR AMERICAN DEPOSITARY SHARE)(1) (4)
Euro (5) US$ (2)
2006 0.420 (6) n.a. (3)
2005 0.290 0.365
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, June 23, 2005 and by Deutsche Bank
on June 22, 2006.
(3) If approved, the dividend per share will be converted into U.S. Dollars by the Deutsche Bank on June 1, 2007.
(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 May 15, 2007.