Recordati Group announced based on the results obtained, the Board of Directors of the parent company will propose to the shareholders a dividend of €0.52 per share, in full balance of the interim 2019 dividend of €0.48, to be paid to all shares outstanding at ex-dividend date, excluding those in treasury stock, as from 20 May 2020 (record date 19 May 2020), with ex-dividend on 18 May 2020 (against presentation of coupon no. 25). The full 2019 dividend is therefore of €1.00 per share (€ 0.92 per share in 2018).

The Company on 18 March 2020, received notice of the resignation of Mr. Flemming Ørnskov as Chairman and member of the Company's Board of Directors as well as that of Mr. Søren Vestergaard-Poulsen and Mr. Francisco Javier de Jaime Guijarro as members of the Board of Directors, effective as from the next Shareholders' Meeting, due to increased professional commitments. In light of the resignation of Mr. Flemming Ørnskov, the Board of Directors intends to appoint, as soon as Mr. Ørnskov's resignation becomes effective, Mr. Alfredo Altavilla as new Chairman of the Board of Directors.