Mediobanca cancels treasury shares equal to 2% of its share capital
Notice of change in share capital following cancellation of treasury shares
Mediobanca hereby gives notice of the change in the composition of its share capital (fully subscribed for and paid up) following the cancellation, made on 11 June 2024, of 17,000,000 treasury shares owned by the Bank with no reduction in share capital (pursuant to the resolution adopted by shareholders at the Annual General Meeting held on 28 October 2023). The amended Articles of Association were filed with the Companies’ Register on the same date.
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|
Current
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Previous |
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Amount in €m |
444,515,142.5 |
444,515,142.5 |
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No. of shares [1] |
832,948,824 |
849,948,824 |
It should be recalled that the share buyback programme authorized by shareholders gathered in ordinary general meeting on 28 October 2023 and by the European Central Bank was completed in February 2024. Mediobanca bought back a total of 17,000,000 shares, equal to 2% of the company’s share capital, for a total outlay of approx. €197.9m. The buyback formed part of the shareholder remuneration policy provided for in the 2023-2026 Strategic Plan.
Milan, 11 June 2024
[1] Ranking for dividends pari passu, current coupon no. 41.
