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FinecoBank AGM Information 2020
4321_dva_2020-04-29_35f58164-0cdd-45c4-ae51-8c16ae71afe8.pdf
AGM Information
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FinecoBank S.p.A.
ORDINARY AND EXTRAORDINARY SHAREHOLDERS' MEETING APRIL 28, 2020
Attendance to meeting no. 1.399 Shareholders in person or by proxy representing no. 435,107,123 ordinary shares corresponding 71.383159% of the share capital.
SUMMARY REPORT OF THE VOTES ON THE AGENDA OF THE MEETING
1. Approval of the FinecoBank S.p.A. 2019 financial statements
| NO. OF SHAREHOLDERS (IN PERSON OR BY PROXY) |
NO. OF SHARES | % ON ORDINARY SHARES REPRESENTED |
% ON SHARES ADMITTED TO VOTE |
% ON SHARE CAPITAL | |
|---|---|---|---|---|---|
| in favour | 1,383 | 431,386,990 | 99.145008 | 99.145008 | 70.772838 |
| Against | 0 | 0 | 0.000000 | 0.000000 | 0.000000 |
| Abstentions | 3 | 1,621,229 | 0.372605 | 0.372605 | 0.265977 |
| Not voting | 13 | 2,098,904 | 0.482388 | 0.482388 | 0.344344 |
| Total | 1,399 | 435,107,123 | 100.000000 | 100.000000 | 71.383159 |
2. Allocation of FinecoBank S.p.A. net profit of the year 2019
| NO. OF SHAREHOLDERS (IN PERSON OR BY PROXY) |
NO. OF SHARES | % ON ORDINARY SHARES REPRESENTED |
% ON SHARES ADMITTED TO VOTE |
% ON SHARE CAPITAL | |
|---|---|---|---|---|---|
| in favour | 1,374 | 431,377,110 | 99.142737 | 99.142737 | 70.771218 |
| Against | 0 | 0 | 0.000000 | 0.000000 | 0.000000 |
| Abstentions | 2 | 1,275,000 | 0.293031 | 0.293031 | 0.209175 |
| Not voting | 23 | 2,455,013 | 0.564232 | 0.564232 | 0.402767 |
| Total | 1,399 | 435,107,123 | 100.000000 | 100.000000 | 71.383159 |
3. Coverage of the negative IFRS 9 reserve
| NO. OF SHAREHOLDERS (IN PERSON OR BY PROXY) |
NO. OF SHARES | % ON ORDINARY SHARES REPRESENTED |
% ON SHARES ADMITTED TO VOTE |
% ON SHARE CAPITAL | |
|---|---|---|---|---|---|
| in favour | 1,374 | 431,377,110 | 99.142737 | 99.142737 | 70.771218 |
| Against | 0 | 0 | 0.000000 | 0.000000 | 0.000000 |
| Abstentions | 2 | 1,275,000 | 0.293031 | 0.293031 | 0.209175 |
| Not voting | 23 | 2,455,013 | 0.564232 | 0.564232 | 0.402767 |
| Total | 1,399 | 435,107,123 | 100.000000 | 100.000000 | 71.383159 |
4a. Determination of the number of Directors
| NO. OF SHAREHOLDERS (IN PERSON OR BY PROXY) |
NO. OF SHARES | % ON ORDINARY SHARES REPRESENTED |
% ON SHARES ADMITTED TO VOTE |
% ON SHARE CAPITAL | |
|---|---|---|---|---|---|
| in favour | 1,391 | 432,806,123 | 99.471165 | 99.471165 | 71.005660 |
| Against | 0 | 0 | 0.000000 | 0.000000 | 0.000000 |
| Abstentions | 2 | 1,275,000 | 0.293031 | 0.293031 | 0.209175 |
| Not voting | 6 | 1,026,000 | 0.235804 | 0.235804 | 0.168324 |
| Total | 1,399 | 435,107,123 | 100.000000 | 100.000000 | 71.383159 |
4b. Determination of the duration of their term in office
| NO. OF SHAREHOLDERS (IN PERSON OR BY PROXY) |
NO. OF SHARES | % ON ORDINARY SHARES REPRESENTED |
% ON SHARES ADMITTED TO VOTE |
% ON SHARE CAPITAL | |
|---|---|---|---|---|---|
| in favour | 1,379 | 432,220,150 | 99.336491 | 99.336491 | 70.909526 |
| Against | 12 | 585,973 | 0.134673 | 0.134673 | 0.096134 |
| Abstentions | 2 | 1,275,000 | 0.293031 | 0.293031 | 0.209175 |
| Not voting | 6 | 1,026,000 | 0.235804 | 0.235804 | 0.168324 |
| Total | 1,399 | 435,107,123 | 100.000000 | 100.000000 | 71.383159 |
4c. Appointment of the Board of Directors
| NO. OF SHAREHOLDERS |
NO. OF SHARES | % ON ORDINARY SHARES REPRESENTED |
% ON SHARES ADMITTED TO VOTE |
% ON SHARE CAPITAL | |
|---|---|---|---|---|---|
| (IN PERSON OR BY | |||||
| PROXY) | |||||
| LIST NO. 1 |
1,124 | 375,050,979 | 86.197389 | 86.197389 | 61.530419 |
| LIST NO. 2 |
260 | 54,557,447 | 12.538854 | 12.538854 | 8.950630 |
| Against | 6 | 5,277,853 | 1.213001 | 1.213001 | 0.865878 |
| Abstentions | 9 | 220,844 | 0.050756 | 0.050756 | 0.036231 |
| Not voting | 0 | 0 | 0.000000 | 0.000000 | 0.000000 |
| Total | 1,399 | 435,107,123 | 100.000000 | 100.000000 | 71.383159 |
5. Determination, pursuant to Article 20 of the current Articles of Association, of the remuneration due to the Directors
| NO. OF SHAREHOLDERS (IN PERSON OR BY PROXY) |
NO. OF SHARES | % ON ORDINARY SHARES REPRESENTED |
% ON SHARES ADMITTED TO VOTE |
% ON SHARE CAPITAL | |
|---|---|---|---|---|---|
| in favour | 1,353 | 430,086,147 | 98.846037 | 98.846037 | 70.559424 |
| Against | 12 | 795,601 | 0.182852 | 0.182852 | 0.130525 |
| Abstentions | 11 | 1,770,362 | 0.406880 | 0.406880 | 0.290443 |
| Not voting | 23 | 2,455,013 | 0.564232 | 0.564232 | 0.402767 |
| Total | 1,399 | 435,107,123 | 100.000000 | 100.000000 | 71.383159 |
6. Appointment of the Board of Statutory Auditors (List no. 1)
| NO. OF SHAREHOLDERS (IN PERSON OR BY PROXY) |
NO. OF SHARES | % ON ORDINARY SHARES REPRESENTED |
% ON SHARES ADMITTED TO VOTE |
% ON SHARE CAPITAL | |
|---|---|---|---|---|---|
| LIST NO. 1 |
1,394 | 429,825,036 | 98.786026 | 98.786026 | 70.516586 |
| Against | 4 | 5,184,398 | 1.191522 | 1.191522 | 0.850546 |
| Abstentions | 1 | 97,689 | 0.022452 | 0.022452 | 0.016027 |
| Not voting | 0 | 0 | 0.000000 | 0.000000 | 0.000000 |
| Total | 1,399 | 435,107,123 | 100.000000 | 100.000000 | 71.383159 |
7. Determination of the remuneration due to the Board of Statutory Auditors
| NO. OF SHAREHOLDERS (IN PERSON OR BY PROXY) |
NO. OF SHARES | % ON ORDINARY SHARES REPRESENTED |
% ON SHARES ADMITTED TO VOTE |
% ON SHARE CAPITAL | |
|---|---|---|---|---|---|
| in favour | 1,390 | 432,708,434 | 99.448713 | 99.448713 | 70.989633 |
| Against | 0 | 0 | 0.000000 | 0.000000 | 0.000000 |
| Abstentions | 3 | 1,372,689 | 0.315483 | 0.315483 | 0.225202 |
| Not voting | 6 | 1,026,000 | 0.235804 | 0.235804 | 0.168324 |
| Total | 1,399 | 435,107,123 | 100.000000 | 100.000000 | 71.383159 |
8. 2020 remuneration policy
| NO. OF SHAREHOLDERS (IN PERSON OR BY |
NO. OF SHARES | % ON ORDINARY SHARES REPRESENTED |
% ON SHARES ADMITTED TO VOTE |
% ON SHARE CAPITAL | |
|---|---|---|---|---|---|
| PROXY) | |||||
| in favour | 1,305 | 424,020,785 | 97.452044 | 97.452044 | 69.564348 |
| Against | 58 | 6,791,889 | 1.560969 | 1.560969 | 1.114269 |
| Abstentions | 13 | 1,839,436 | 0.422755 | 0.422755 | 0.301776 |
| Not voting | 23 | 2,455,013 | 0.564232 | 0.564232 | 0.402767 |
| Total | 1,399 | 435,107,123 | 100.000000 | 100.000000 | 71.383159 |
9. 2019 remuneration report
| NO. OF SHAREHOLDERS (IN PERSON OR BY PROXY) |
NO. OF SHARES | % ON ORDINARY SHARES REPRESENTED |
% ON SHARES ADMITTED TO VOTE |
% ON SHARE CAPITAL | |
|---|---|---|---|---|---|
| in favour | 1,241 | 414,473,669 | 95.257845 | 95.257845 | 67.998059 |
| Against | 133 | 16,903,441 | 3.884892 | 3.884892 | 2.773159 |
| Abstentions | 2 | 1,275,000 | 0.293031 | 0.293031 | 0.209175 |
| Not voting | 23 | 2,455,013 | 0.564232 | 0.564232 | 0.402767 |
| Total | 1,399 | 435,107,123 | 100.000000 | 100.000000 | 71.383159 |
10. 2020 Incentive System for Employees "Identified Staff"
| NO. OF SHAREHOLDERS (IN PERSON OR BY PROXY) |
NO. OF SHARES | % ON ORDINARY SHARES REPRESENTED |
% ON SHARES ADMITTED TO VOTE |
% ON SHARE CAPITAL | |
|---|---|---|---|---|---|
| in favour | 1,371 | 431,027,110 | 99.062297 | 99.062297 | 70.713797 |
| Against | 3 | 350,000 | 0.080440 | 0.080440 | 0.057421 |
| Abstentions | 2 | 1,275,000 | 0.293031 | 0.293031 | 0.209175 |
| Not voting | 23 | 2,455,013 | 0.564232 | 0.564232 | 0.402767 |
| Total | 1,399 | 435,107,123 | 100.000000 | 100.000000 | 71.383159 |
11. 2020 Incentive System for Personal Financial Advisors "Identified Staff"
| NO. OF | NO. OF SHARES | % ON ORDINARY SHARES | % ON SHARES ADMITTED | % ON SHARE CAPITAL | |
|---|---|---|---|---|---|
| SHAREHOLDERS | REPRESENTED | TO VOTE | |||
| (IN PERSON OR BY | |||||
| PROXY) | |||||
| in favour | 1,369 | 431,212,518 | 99.104909 | 9.,104909 | 70.744215 |
| Against | 5 | 164,592 | 0.037828 | 0.037828 | 0.027003 |
| Abstentions | 2 | 1,275,000 | 0.293031 | 0.293031 | 0.209175 |
| Not voting | 23 | 2,455,013 | 0.564232 | 0.564232 | 0.402767 |
| Total | 1,399 | 435,107,123 | 100.000000 | 100.000000 | 71.383159 |
12. Authorization for the purchase and disposition of treasury shares in order to support the 2020 PFA System for the Personal Financial Advisors
| NO. OF SHAREHOLDERS (IN PERSON OR BY PROXY) |
NO. OF SHARES | % ON ORDINARY SHARES REPRESENTED |
% ON SHARES ADMITTED TO VOTE |
% ON SHARE CAPITAL | |
|---|---|---|---|---|---|
| in favour | 1,372 | 431,302,110 | 99.125500 | 99.125500 | 70.758913 |
| Against | 2 | 75,000 | 0.017237 | 0.017237 | 0.012304 |
| Abstentions | 2 | 1,275,000 | 0.293031 | 0.293031 | 0.209175 |
| Not voting | 23 | 2,455,013 | 0.564232 | 0.564232 | 0.402767 |
| Total | 1,399 | 435,107,123 | 100.000000 | 100.000000 | 71.383159 |
13. Amendments to the Procedures for Shareholders' Meetings
| NO. OF SHAREHOLDERS (IN PERSON OR BY PROXY) |
NO. OF SHARES | % ON ORDINARY SHARES REPRESENTED |
% ON SHARES ADMITTED TO VOTE |
% ON SHARE CAPITAL | |
|---|---|---|---|---|---|
| in favour | 1,373 | 426,282,304 | 97.971805 | 97.971805 | 69.935370 |
| Against | 1 | 5,094,806 | 1.170931 | 1.170931 | 0.835848 |
| Abstentions | 2 | 1,275,000 | 0.293031 | 0.293031 | 0.209175 |
| Not voting | 23 | 2,455,013 | 0.564232 | 0.564232 | 0.402767 |
| Total | 1,399 | 435,107,123 | 100.000000 | 100.000000 | 71.383159 |
s1. Delegation to the Board of Directors, under the provisions of section 2443 of the Italian Civil Code, of the authority to resolve a free share capital increase for a maximum amount of Eur 174,234.39
| NO. OF SHAREHOLDERS (IN PERSON OR BY PROXY) |
NO. OF SHARES | % ON ORDINARY SHARES REPRESENTED |
% ON SHARES ADMITTED TO VOTE |
% ON SHARE CAPITAL | |
|---|---|---|---|---|---|
| in favour | 1,374 | 431,377,110 | 99.142737 | 99.142737 | 70.771218 |
| Against | 0 | 0 | 0.000000 | 0.000000 | 0.000000 |
| Abstentions | 2 | 1,275,000 | 0.293031 | 0.293031 | 0.209175 |
| Not voting | 23 | 2,455,013 | 0.564232 | 0.564232 | 0.402767 |
| Total | 1,399 | 435,107,123 | 100.000000 | 100.000000 | 71.383159 |
s2. Delegation to the Board of Directors, under the provisions of section 2443 of the Italian Civil Code, of the authority to resolve in 2025 a free share capital increase for a maximum amount of Eur 24,032.91
| NO. OF | NO. OF SHARES | % ON ORDINARY SHARES | % ON SHARES ADMITTED | % ON SHARE CAPITAL | |
|---|---|---|---|---|---|
| SHAREHOLDERS | REPRESENTED | TO VOTE | |||
| (IN PERSON OR BY | |||||
| PROXY) | |||||
| in favour | 1,374 | 431,377,110 | 99.142737 | 99.142737 | 70.771218 |
| Against | 0 | 0 | 0.000000 | 0.000000 | 0.000000 |
| Abstentions | 2 | 1,275,000 | 0.293031 | 0.293031 | 0.209175 |
| Not voting | 23 | 2,455,013 | 0.564232 | 0.564232 | 0.402767 |
| Total | 1,399 | 435,107,123 | 100.000000 | 100.000000 | 71.383159 |
s3. Delegation to the Board of Directors, under the provisions of section 2443 of the Italian Civil Code, of the authority to resolve in 2024 a free share capital increase for a maximum amount of Eur 37,788.63 and in 2025 for a maximum amount of Eur 70,029.30
| NO. OF SHAREHOLDERS (IN PERSON OR BY PROXY) |
NO. OF SHARES | % ON ORDINARY SHARES REPRESENTED |
% ON SHARES ADMITTED TO VOTE |
% ON SHARE CAPITAL | |
|---|---|---|---|---|---|
| in favour | 1,368 | 430,978.971 | 99.051233 | 99.051233 | 70.705899 |
| Against | 5 | 369,844 | 0.085001 | 0.085001 | 0.060676 |
| Abstentions | 3 | 1,303,295 | 0.299534 | 0.299534 | 0.213817 |
| Not voting | 23 | 2,455,013 | 0.564232 | 0.564232 | 0.402767 |
| Total | 1,399 | 435,107,123 | 100.000000 | 100.000000 | 71.383159 |