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Prada Spa withdraws the recommendation to distribute final dividend

2020年4月22日

Milan, April 22nd 2020 - The Prada S.p.A. Board of Directors met today and resolved to withdraw the recommendation it made at the previous meeting regarding the distribution of a final dividend. The Board recommends the approval at the forthcoming Shareholders’ General Meeting, due to take place on May 26th 2020, of the allocation of the entire 2019 net income to the reserves of the company.

Due to the current global financial crisis caused by the widespread COVID-19 pandemic, the Board of Directors has made this decision to allow the Prada Group to access further resources to rapidly go back to its previous activity levels in the next months.

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