LensCrafters 2007 Annual Report Download - page 74

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To our stockholders
At the l Ordinary Shareholders’ Meeting of Luxottica Group S.p.A. to be held in Milan on May 13,
2008 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 0,49 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 2007, of Euro 0,42 per
ordinary share.
If approved, Luxottica Group will pay the dividend to all holders of ordinary shares of record on
May 16, 2008, and to all holders of ADSs of record on May 21, 2008. In order to be a ADS holder
of record on May 21, 2008 and thus be entitled to such dividend, you must purchase the ADSs on
or before May 16, 2008. 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 19, 2008.
The dividend will be paid on May 22, 2008, 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 May 29, 2008, upon satisfaction of the documentation requirements
referred to below, at the Euro/U.S. Dollar exchange rate in effect on May 22, 2008.
DIVIDEND PROPOSAL
AND TAX REGIME
GROSS DIVIDEND PER ORDINARY SHARE (OR AMERICAN DEPOSITARY SHARE)(1) (4)
Euro (5) US$ (2)
2007 0.490 (6) n.a. (3)
2006 0.420 0.564
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
(1) 1 ADS = 1 ordinary share.
(2) Converted by The Bank of New York at the Lira/US$ exchange rate on July 7, 1997, July 6, 1998 respectively 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, and May 24, 2007.
(3) If approved, the dividend per share will be converted into U.S. Dollars by the Deutsche Bank on May 22, 2008.
(4) Figures until 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 13, 2008.