LensCrafters 2013 Annual Report Download - page 246

Luxottica Group S.p.A.
Registered office at via C. Cantù 2 – 20123 Milan
Share capital € 28,653,640.38
Authorized and issued
Board of Directors proposal
Board of Directors proposal as of December 31, 2013 Page1 of 2
The Board of Directors, in consideration of the prospects for the Group development and its expectations of
future income, recommends the distribution of a gross dividend of Euro 0.65 per ordinary share, and hence
per American Depository Share (ADS), payable out of the net income of the 2013 fiscal year totalling Euro
454,366,669.
Having taken into account the calendar approved by Borsa Italiana S.p.A., the Board of Directors
recommends that the payment date of the dividend is set for May 22, 2014, with its ex-dividend date on May
19, 2014
Having taken into consideration the number of shares that are presently issued, namely 477,597,673, and the
4,157,225 shares which are directly owned by the Company on the date of the present report , the total
amount to be distributed would be equal to Euro 307.7 million. The distribution would take place after the
allocation of Euro 18,762.08 to the legal reserve.
The above amount may vary as a result of the issuance of new shares due to the exercise of stock options
and/or to the change of the number of shares which are directly owned by the Company before the ex-
dividend date.
In any case, in the event that all the exercisable stock options are in fact exercised before the ex-dividend
date, the maximum amount to be taken from the profit for the year for the distribution of the dividend,
assuming that the number of the treasury shares of the company remains unchanged, would amount to
approximately Euro 310.5 million.