Rome, March 12, 2015 – Today, the Board of Directors approved Eni’s consolidated financial statements and the separate draft financial statements of the parent company for the year ending December 31, 2014. Consolidated net profit amounted to €1,291 million and net profit of the parent company amounted to €4,455 million. These results and the underlying business trends were commented through the press release on Eni's preliminary results for 2014. This press release was issued on February 18, 20151.
The Board of Directors intends to submit a proposal for the distribution of a cash dividend of €1.12 per share (€2.24 per ADR) at the Annual Shareholders’ Meeting. Included in this annual distribution is €0.562 per share which was paid as an interim dividend in September 2014. The balance of €0.56 per share (€1.12 per ADR) is payable to shareholders on May 20, 2015, the ex-dividend date being May 18, 2015 and the record date being May 19, 2015.
The review of the sustainability performance has been included in the 2014 Integrated Annual Report, to provide a comprehensive insight into the Company’s business model.
An Annual Report on Form 20-F will be filed with the U.S. Sec and the Italian market authorities as early as in the in the first decade of April 2015. This report will be disseminated through the Company’s headquarters and on Eni's website eni.com and through other sources provided by the regulation in force.
Enclosed are the 2014 IFRS consolidated statements of the companies within the Eni group as included in the approved Consolidated financial statements and the statements of the parent company Eni SpA.
The Board of Directors also approved the Report on Corporate Governance and Shareholding Structure and the Remuneration Report which have been prepared in accordance to article No. 123-bis and ter of the Italian comprehensive code for exchanges and securities, respectively. These reports will be filed with the Italian Exchange Authority, made available at the Company's headquarters and published on Eni’s website, in the "Governance", "Documentation" and "Investor Relations" sections, together with the 2014 Annual Report.
Convening of the Ordinary Shareholders' Meeting on May 13, 2015 (single call)
The Board of Directors convened the Annual Shareholders' Meeting on May 13, 2015 - Ordinary Meeting - to approve the 2014 financial statements of the parent company and the dividend proposal, and also to express its consultative vote about the remuneration policy that the Company intends to adopt in 2015 as disclosed in the first section of the Remuneration Report.
Eni’s Chief Financial and Risk Management Officer, Massimo Mondazzi, in his capacity as manager responsible for the preparation of the Company’s financial reports, certifies pursuant to rule 154-bis paragraph 2 of Legislative Decree No. 58/1998, that data and information disclosed in this press release correspond to the Company’s evidence and accounting books and records.
(1) The press release on Eni’s preliminary results for the year 2014, published on February 18, 2015, is available on Eni’s website, eni.com, in the Investor Relations, Media and Documentation sections.
(2) Dividends are not entitled to tax credit and, depending on the receiver, are subject to a withholding tax on distribution or are partially cumulated to the receiver’s taxable income.
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Società per Azioni Roma, Piazzale Enrico Mattei, 1
Share capital: : €4,005,358,876 fully paid
Tax identification number 00484960588
Tel.: +39 0659821 - Fax: +39 0659822141
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This press release is also available on the Eni web site eni.com.