Company financial statements
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LISI 2014FINANCIALREPORT
I
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We also note that the dividend payouts per share, in euros, were as
follows:
Nominal value
of the share
Dividend
per share
Financial yearended12/31/11*
€2.00
€1.30
Financial yearended12/31/12*
€2.00
€1.40
Financial yearended12/31/13*
€2.00
€1.70
*Beforethe1:5stocksplit
Pleasenote thatdividendsarepaidout9monthsafteryearend,and the
time limit after which dividend entitlement lapses is 5 years, effective
fromthedatewhendividendswereagreed.
Outlook for 2015
Upstream dividend payments from our various subsidiaries and the
maintenance of Group royalties should allow LISI S.A. to continue its
policyof supporting itsdivisionsand toensuredividend increases for its
shareholders.
Additional information
■■
FollowingadecisionoftheExtraordinaryGeneralMeetingheldonApril
23, 2014, and thedelegationof authorityby theBoardofDirectors on
July 24, 2014, theCEO, on September 8, 2014decided thatwith effect
fromSeptember 12, 2014 thenominal valueof LISI SA's sharewouldgo
from € 2 to € 0.40. The company’s capital will accordingly consist of
54,023,875sharesatanominalvalueof€0.40each.Thesolepurposeof
thisoperation is to improve theshare's liquidityand tomake the share
moreaccessibleto individualshareholders.
■■
Deductibleexpenses for taxpurposesaremadeupofdepreciationand
hireofpassengervehiclesand loanpaymentstotaling€24,109.
■■
LISIS.A.has,throughamarketmakingagreementwithan independent
serviceprovider, purchased252,798LISI shares for€5.8Mandhas sold
208,275 shares for a sumof €4.7M. AtDecember 31, 2014, thenumber
of sharesheld through themarket-makingagreementwas53,898. The
nominal value of the LISI sharewas divided by 5 in September, 2014.
Therefore,thenumberofsharespurchasedandsoldovertheperiodhas
beenconvertedaccordinglyuntil thatdate.
■■
Treasury stocks held at December 31, 2014 totaled 1,442,328 shares,
includingthoserelatedtothemarket-makingcontract.
■■
Tradepayables excludingbills receivableamounted to€335 k, 90%of
whicharesettled immediately.
