Carraro International SE: Approval of the financial statements as at 31 December 2019

DISCLAIMER

The contents of this section are updated as at August 6th, 2021. Please note that, as a result of the delisting of the shares of Carraro S.p.A. from the Electronic Stock Market organized and managed by Borsa Italiana S.p.A., pursuant to the resolution n. n. 8788 dated July 29th, 2021 and effective from August 6th, 2021 this section has not been subject to further updates. Therefore, the information, the data, the documents and, generally, the contents of this website refer to and are updated as at the date of August 6th, 2021

On 1 April 2020, the Shareholders’ Meeting of Carraro International SE (the “Company”) approved the financial statements as at 31 December 2019, accepting the proposal to revoke the distribution of the dividend on profit for the 2019 period resolved by the Board of Directors of the Company on the same date.

Following the meeting of the Board of Directors held on 9 March, which approved the draft financial statements, the global economic context has changed radically as a result of the sudden pandemic spread of COVID-19. For this reason, the Company has decided to adopt a prudent approach with the aim of supporting the Group’s financial soundness and limiting the future economic and financial impact. In light of this, the Board of Directors has decided to revoke the resolution to distribute dividends on profit for 2019, already approved on 9 March, submitting the relevant proposal to the Shareholders’ Meeting.

Consequently, the Shareholders’ Meeting of 1 April resolved to carry forward the profit of Carraro International SE for the 2019 period, net of the portion allocated to reserves.

The 2019 profit dividend will be proposed when the current situation has ended.