Annual Review 2012 - Luxottica

Consolidated financial statements - BOARD OF DIRECTORS PROPOSAL
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Board of Directors proposal
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
0.58 per ordinary share, and hence per American Depository Share (ADS), payable out of
the net income of the 2012 fiscal year totalling Euro 354,027,383.
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 23, 2013, with
its ex-dividend date on May 20, 2013.
Having taken into consideration the number of shares that are presently issued, namely
473,809,833, the total amount to be distributed would be equal to Euro 274.8 million (Euro
272 million taking into account 4,681,025 shares which are directly owned by the Company
on the date of the present report). The distribution would take place after the allocation of
Euro 60,910.34 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 276 million.
Milan, February 28, 2013
On behalf of the Board of Directors
Andrea Guerra
Chief Executive Officer