Casa Damiani : Damiani Spa: the Shareholders' meeting has approved the Financial Accounts to 31 March 2014

Valenza, 24 July 2014. The Shareholders' Meeting of Damiani S.p.A. (Milan, Star: DMN), meeting today at the first call, approved the Financial Accounts to 31 March 2014 in the version of 12 June 2014 prepared by the Board of Directors, whose salient data was released to the market on the same date in a specific notification.
At a consolidated level, the Damiani group closed the 2013/2014 financial year with Consolidated Revenues of Euro 144.3 million in improvement of 7.7% at constant exchange rates compared to the previous financial year, with an ebitda of 251,000 euro.
During the 2013/2014 financial year, the parent company Damiani S.p.A. had Revenues of Euro 95.7 million (+21.9% compared to the previous financial year).

The Shareholders' Meeting has also approved:
1) the 'Stock Grant Plan 2014-2019', which provides for the free assignment of a maximum of 1,000,000 (one million) Damiani shares in favour of beneficiaries to be identified by the Board of Directors, with the assistance of the Remuneration Committee, among directors, employees and co-workers of Damiani group companies;
2) the 'Stock Option Plan 2014-2019', which provides for the sale of options for the purchase of a maximum of 3,500,000 (three million, five hundred thousand) Damiani shares to beneficiaries to be identified by the Board of Directors, with the assistance of the Remuneration Committee, in the management of Damiani group companies.

Similarly, the Shareholders' Meeting has:
a) renewed the authorisation, subject to revocation of the resolution adopted in the Shareholders' Meeting of 26 July 2013 as not used, for the acquisition and disposal of treasury shares, pursuant to the combined provisions of Articles 2357 and 2357 ter of the Civil Code and Art. 132 of Legislative Decree 58 dated 24 February 1998. For more details see the Press Release issued on 12 June 2014 and the Directors' Report prepared pursuant to Art. 125-ter of Legislative Decree 58 dated 24 February 1998, available to the public on the company website www.damiani.com and from the authorised storage mechanism 1INFO at www.1info.it;
b) expressed a favourable opinion on the first section of the Remuneration Report drafted by the Board of Directors pursuant to Art. 123-ter of Legislative Decree 58 dated 24 February 1998 and 84-quater of CONSOB Reg. No. 11971/99, with special reference to the remuneration policy of Damiani S.p.A.

Please note that, at today's date, Damiani S.p.A. holds 5,556,409 treasury shares, 6.7% of the share capital. The company does not hold treasury shares through subsidiary companies, fiduciaries or third parties.