COMPANY FINANCIAL STATEMENTS
77
LISI 2015 FINANCIAL REPORT
The dividend for each share amounts to €0.39. The value of
the dividend eligible for 40% deduction, as covered by Article
158-3-2° of the French General Tax Code, is €0.39.
We also note that the dividend payouts per share, in euros, were
as follows:
Nominal value
of the share
Dividend per
share
Financial year ended 12/31/12*
€2.00
€1.40
Financial year ended 12/31/13*
€2.00
€1.70
Financial year ended 12/31/14
€0.40
€0.37
*Before the 1:5 stock split.
Please note that dividends are paid out nine months after
year end, and the time limit after which dividend entitlement
lapses is five years, effective from the date when dividends
were agreed.
OUTLOOK FOR 2016
Upstream dividend payments from our various subsidiaries
and the maintenance of Group royalties should allow LISI S.A.
to continue its policy of supporting its divisions and to ensure
dividend increases for its shareholders.
ADDITIONAL INFORMATION
■■
Deductible expenses for tax purposes are made up of
depreciation and rental of passenger vehicles and loan
payments totaling €24,563.
■■
LISI S.A. has, through a market making agreement with an
independent service provider, purchased 370,210 LISI shares
for €9.3 million and has sold 391,494 shares for a sum of
€9.6 million. At December 31, 2015, the number of shares held
through the market-making agreement was 32,614.
■■
Treasury stocks held at December 31, 2015 totaled 1,233,252
shares, including those related to the market-making
contract.
■■
Trade payables excluding bills receivable amounted to €563 k,
90% of which are settled immediately.