LensCrafters 2015 Annual Report Download - page 265

Luxottica Group S.p.A.
Registered office at Piazzale Luigi Cadorna 3 – 20123 Milan
Share capital € 29.020.114,98
Authorized and issued
Board of Directors’ proposal
Board of Directors’ proposal as of December 31, 2015 Page1 of 1
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 0.89 per ordinary share and hence per American
Depository Share (ADS), payable out of the net income of the 2015 fiscal year totalling Euro 541,170,762.
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 25, 2016, with its ex-dividend date on May 23, 2015 and record date May
24, 2016.
Having taken into consideration the number of shares that are presently issued, namely 483,668,583, and the shares
which are directly owned by the Company on the date of the present report, namely 3,252,592, the total amount to be
distributed would be equal to Euro 427.6 million. The distribution would take place after the allocation of Euro 18,621
to the legal reserve.
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 429.0 million.
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Milan, March 1, 2016
Luxottica Group S.p.A.
On behalf of the Board of Directors
Leonardo Del Vecchio Massimo Vian
(Executive Chairman) (C.E.O for Product and Operations)