The IFI – Istituto Finanziario Industriale S.p.A. Stockholders’ Meeting, which met today
in Turin under the chairmanship of Gianluigi Gabetti, approved the statutory financial
statements for the year ended December 31, 2004, which – as previously announced –
show a profit of € 37.7 million. The Stockholders’ Meeting voted to entirely appropriate
the profit to reserves with no distribution of dividends.
Moreover, the Stockholders’ Meeting, after renewing the authorization for the purchase
and disposition of treasury stock, modified the Stockholders’ Regulations partly to align
it with the bylaws, and appointed Luca Ferrero Ventimiglia, co-opted to IFI’s Board in
June 2004, as a director.