29 April 2025
The 2025 Annual General Meeting (the “AGM”) of Brembo N.V. (“Brembo” or the “Company”) was held today in Schiphol (Amsterdam), the Netherlands, under the chairmanship of Matteo Tiraboschi, Chairman of the Board of Directors (the “Board”). The Company announces that its shareholders approved all the resolutions proposed by the Board.
The AGM approved the Annual Accounts for the year ending 31 December 2024, expressed a positive advice with respect to the 2024 Remuneration Report and approved a cash dividend of Euro 0.30 per ordinary share, totaling approximately Euro 96 million.
The ordinary shares will be quoted ex-dividend from 19 May 2025 (coupon no. 2). The record date for the dividend will be 20 May 2025 and the payment date will be 21 May 2025.
The AGM approved the Remuneration Policy for the years 2025, 2026 and 2027, pursuant to Dutch and European legislation.
The AGM, following the Board’s proposal, appointed Ernst & Young Accountants as external auditor, for the audit of the Company’s statutory annual report and annual accounts and, to the extent relevant, sustainability statement, for the financial years 2026 up to and including 2030.
Furthermore, the AGM authorized the Board of Directors, for a period of 18 month from the date of the AGM, to repurchase up to 10.000.000 ordinary shares with a maximum total allocation to this end of Euro 180,000,000. With due respect to applicable rules and regulations, purchases will take place for a minimum price per share not lower than the closing price of the ordinary shares on the day preceding each repurchase reduced by 10% and for a maximum price not higher than the closing price of the ordinary shares on the day preceding each repurchase increased by 10%, to be taken from unrestricted reserves.
At present, the Company holds 15,051,860 own ordinary shares and 6,363,972 special voting shares A. For further details, see: Main Shareholders | Brembo.
A synthesis of the voting results and the AGM minutes will be published on the Company’s corporate website at the following link: Shareholders' Meeting | Brembo.
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It should be recalled that the financial results for the first quarter of 2025 will be examined by the Board of Directors on May 8th 2025.
For information:
Luca Di Leo - Chief Communications Officer
E-mail: luca.dileo@brembo.com
Daniele Zibetti - Corporate Communications Manager
E-mail: daniele.zibetti@brembo.com
Roberto Grazioli - Chief Investor Relations Officer
E-mail: roberto.grazioli@brembo.com
Laura Panseri - Investor Relations Senior Manager
E-mail: laura.panseri@brembo.com
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