LISI GROUP - 2016 Financial report

LISI 2016 FINANCIAL REPORT

1.1

APPROPRIATION OF EARNINGS

We propose that last year’s profits of €33,022,189 be allocated as

follows:

(in €’000)

profits for the financial year of

33,022,189

plus retained earnings in the amount of

77,857,312

i.e. a distributable profit

110,879,501

which we propose be allocated as follows:

–– as dividends to shareholders, €0.45 per share,

to be paid on May 9, 2017

(*)

24,310,744

–– remainder to be carried forward, for a total of

86,568,757

(*) From this amount will be deducted the dividend for the shares held

by the Company as treasury shares.

The dividend for each share amounts to €0.45. The value of the

dividend eligible for 40% deduction, as covered by Article 158-3-2° of

the French General Tax Code, is €0.45.

We also note that the dividend payouts per share, in euros, were as

follows:

Nominal

value of the

Dividend

per share

Financial year ended 12/31/13*

2.00€

0.34€

Financial year ended 12/31/14

2.00€

0.37€

Financial year ended 12/31/15

2.00€

0.39€

* After 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 2017

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 totaling €24,818.

■■

LISI S.A. has, through a market maker’s contract with an

independent service provider, purchased 290,013 LISI shares for

€7.1 million and has sold 299,949 shares for a sum of €7.3 million.

At December 31, 2016, the number of shares held through the

market maker’s contract was 22,678.

■■

Treasury stocks held at December 31, 2016 totaled 1,119,422

shares, including those related to the market maker’s contract.

■■

Trade payables excluding bills receivable amounted to €1,481,000,

90% of which are settled in cash.

COMPANY FINANCIAL STATEMENTS