Banco BPM SpA

Regulatory Filings • Jan 27, 2025

Informazione Regolamentata n. 1928-12-2025	Data/Ora Inizio Diffusione 27 Gennaio 2025 18:56:19		Euronext Milan
Societa'	:	BANCO BPM
Identificativo Informazione Regolamentata	:	200735
Utenza - Referente	:	BANCOBPMN03 - Marconi Andrea
Tipologia	:	3.1
Data/Ora Ricezione	:	27 Gennaio 2025 18:56:19
Data/Ora Inizio Diffusione	:	27 Gennaio 2025 18:56:19
Oggetto	:	Notice of filing of documents
Testo del comunicato

Vedi allegato

PRESS RELEASE

Notice of filing of documents

Transfer of a 350 million NPL and UTP loan portfolio

Partial demerger of a leasing loan portfolio of Banco BPM S.p.A. in favour of the vehicles Burgos Leasco S.r.l. and Tago LeaseCo S.r.l.

Milan, 27 January 2025 – We inform that - as part of the derisking activities set out in the 2023-2026 Business Plan aimed at the sale of a portfolio of leasing receivables classified as Unlikely to Pay ('UTP') and Non-performing loans amounting to approximately Euro 350 million, to be implemented also through two partial demerger transactions by means of a simplified procedure pursuant to Articles 2505, 2506-ter and 2506.1 of the Italian Civil Code (the 'Demergers'), approved by board resolution on 30 September 2024 - on 23 and 27 January 2025, following the obtainment of the authorisations for the Demergers issued by the European Central Bank, the plans relating to the Demergers (the 'Demerger Plans') were registered with the competent Companies Registers and in particular:

• the partial demerger plan by spin-off of Banco BPM in favour of Tago LeaseCo, drawn up pursuant to Articles 2506-bis and 2501-ter of the Italian Civil Code

• the partial demerger plan by spin-off of Banco BPM in favour of Burgos Leasco, drawn up pursuant to articles 2506-bis and 2501-ter of the Italian Civil Code.

The economic and financial effects of the Demergers have been recognised in the financial statements for the third quarter of 2024 and the completion of the transaction is expected within the first half of 2025.

Tago LeaseCo and Burgos Leasco are two support vehicle companies, set up respectively on 22 July 2024 and 24 September 2024, pursuant to Article 7.1, paragraphs 4 and 5, of Law no. 130/1999 (the so-called Securitisation Law), whose entire quota capital was acquired by Banco BPM on 8 October 2024. These quotaholdings were acquired solely for the purpose of carrying out the mentioned demerger transactions and will therefore be transferred, upon completion of the Demergers, to a financial intermediary listed in the register kept by the Bank of Italy pursuant to Article 106 of the Consolidated Banking Act.

We also inform that, in compliance with the applicable law and regulations, as of today's date, the Demerger Plans are available to the public at the registered offices of the companies participating in the Demergers, at Borsa Italiana S.p.A., on Banco BPM's website www.gruppo.bancobpm.it (section "Investor Relations > Corporate Transactions") and on the website of the authorized storage mechanism .

Finally, we inform you that the financial statements referring to the last three fiscal years of Banco BPM are available to the public, in compliance with the applicable law and regulations.

For information:

Media Relations e-mail: stampa@bancobpm.it

Investor Relations e-mail: investor.relations@bancobpm.it

Fine Comunicato n.1928-12-2025	Numero di Pagine: 3
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