Pirelli Shareholders Approve 2009 Financials

During an ordinary session meeting held on April 21, Pirelli & C. SpA shareholders approved the company’s 2009 financial statements and agreed to the distribution of a dividend of 0.0145 euros per ordinary share and 0.0406 euros per savings share. The payment date will be 27 May 2010.

In addition, an extraordinary session of the shareholders’ meeting saw a resolution to reduce the threshold foreseen by the By-laws for presentation of lists for renewal of the Board of Statutory Auditors to 1.5 per cent of share capital. This approved threshold is lower than the one established by CONSOB (the Italian Securities and Exchange Commission) for this year, which is two per cent of capital. This confirms, says Pirelli, the “importance the company gives to the real possibility of participation in corporate governance bodies by minority shareholders.”