Transaction in Own Shares • Jan 9, 2017
Transaction in Own Shares
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| Informazione Regolamentata n. 1615-4-2017 |
Data/Ora Ricezione 09 Gennaio 2017 17:59:58 |
MTA | |
|---|---|---|---|
| Societa' | : | FINECOBANK | |
| Identificativo Informazione Regolamentata |
: | 83744 | |
| Nome utilizzatore | : | FINECOBANKN01 - Spolini | |
| Tipologia | : | IROS 09 | |
| Data/Ora Ricezione | : | 09 Gennaio 2017 17:59:58 | |
| Data/Ora Inizio Diffusione presunta |
: | 09 Gennaio 2017 18:14:59 | |
| Oggetto | : | PR Purchase of treasury shares | |
| Testo del comunicato |
Vedi allegato.
FinecoBank S.p.A. informs that today's Board of Directors resolution, according to the provisions of articles 2357 and 2357-ter of the Civil Code, 132 of Legislative Decree no. 58/1998 and 114-bis of Issuers Consob Regulation, it will be required to the FinecoBank's ordinary shareholders' meeting – that will be called to approve 2016 financial statement – the authorization to purchase and to dispose of treasury shares for:
The requested authorization is for a maximum number of 5,866,000 ordinary shares, equal to 0.97% of share capital and, therefore, well below the maximum limit of 20% provided by the applicable regulation, also taking into consideration the number of 714,325 treasury shares owned by the Company at the date of the present report, equal to 0.12% of share capital, and also the maximum number of treasury shares (i.e. number of 250,000 shares, equal to 0.04% of the current share capital) that the Bank will be able to purchase on the market in order to support the "2016 PFA Plan", already authorized by the 2016 Shareholders' Meeting and also by the European Central Bank.
The amount of the purchasing operations should not be below the nominal per share value, equal to a nominal value of Euro 0.33 and not above, as a maximum, to the arithmetic mean of the official closing price of FinecoBank ordinary shares registered in the MTA ("Mercato Telematico Azionario" – Milan Stock Exchange) in the 30 days preceding the purchase, increased by 10%.
The authorization to purchase will be released for a period of eighteen months from the date of the Shareholders' Meeting that passed the resolution for authorization.
Buy back operations of treasury shares could be executed only after having received the necessary authorization of the Regulator, according to articles 77-78 Reg. UE no. 575/2013 (CRR) dated June 26th, 2013.
FinecoBank is UniCredit Group's direct multichannel bank. It has one of the largest advisory networks in Italy, and is the number one broker in Italy for equity trades in terms of volume of orders and number one broker in Europe for number of executed orders. FinecoBank offers an integrated business model combining direct banking and financial advice, with a single free-of-charge account including a full range of banking, credit, trading and investment services, which are also available through applications for smartphone and tablet. With its fully integrated platform, FinecoBank is the benchmark for modern investors.
Contact info: Fineco - Media Relations Fineco - Investor Relations Tel.: +39 02 2887 2256 Tel. +39 335 580 5703 [email protected] [email protected]
Barabino & Partners Tel. +39 02 72023535 Emma Ascani [email protected]
+39 335 390 334 Tommaso Filippi [email protected] +39 366 644 4093
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