Mediobanca Annual General Meeting, ordinary and extraordinary

At the Annual General Meeting, ordinary and extraordinary, held today, with 48,75% of the company's share capital participating through the appointed representative (Studio Legale Trevisan & Associati, in the person of Mr Dario Trevisan), the shareholders of Mediobanca adopted the following resolutions:

Ordinary business:

  1. To approve the financial statements for the year ended 30 June 2024 and the distribution of a gross dividend equal to €1.07 per share for each of the shares granting such entitlement, €0.51 of which paid as an interim dividend in May 2024, with the balance of €0.56 payable as from 20 November 2024, record date 19 November 2024, and the shares going ex-rights on 18 November 2024;
  2. To authorize the acquisition of up to 37,500,000 Mediobanca shares (equal to 4.5% of the share capital), and in any case to involve a maximum outlay of €385m, and to use them, without timing limitations or restrictions, for possible extraordinary transactions, for execution of Group staff payment schemes, to be sold on the market and/or over the counter (OTC), and/or for cancellation. The buyback has received authorization from the ECB in recent days;
  3. To approve the Group Remuneration Policy for FY 2024-25, the Group Remuneration Report for FY 2023-24, and the FY 2024-25 Performance Share Scheme.

Extraordinary business:

  1. To provide for the possibility of cancelling the treasury shares that may be acquired and not used under the terms of the authorization granted by shareholders as ordinary business, up to a maximum of 30,000,000 shares, and to amend Article 4 of the Articles of Association accordingly. The share cancellation has been authorized by the ECB in the last few days.

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The minutes of the Annual General Meeting will be published within the terms set by law at the company’s head office and on the following websites: www.mediobanca.com (Governance/General Meetings/2024 General Meeting) and www.emarketstorage.com.

A summary of the voting will also be published on Mediobanca’s website at www.mediobanca.com by the terms set.

 

Milan, 28 October 2024