Related Party Transaction • Jun 29, 2018
Related Party Transaction
Open in ViewerOpens in native device viewer
| Informazione Regolamentata n. 1615-58-2018 |
Data/Ora Ricezione 29 Giugno 2018 16:05:39 |
MTA | |
|---|---|---|---|
| Societa' | : | FINECOBANK | |
| Identificativo Informazione Regolamentata |
: | 105753 | |
| Nome utilizzatore | : | FINECOBANKN05 - Spolini | |
| Tipologia | : | 2.4 | |
| Data/Ora Ricezione | : | 29 Giugno 2018 16:05:39 | |
| Data/Ora Inizio Diffusione presunta |
: | 29 Giugno 2018 16:05:40 | |
| Oggetto | : | PR - Start Treasury Shares Programme | |
| Testo del comunicato |
Vedi allegato.
Pursuant to and for the purposes of Article 144-bis of CONSOB Regulation no. 11971 of February 24, 1999 FinecoBank (the "Bank") announces that, from July 2 nd, 2018, a Treasury Shares (the "Shares") programme will be in place to service the stock granting plan - "2015-2017 PFA PLAN" for Personal Financial Advisors Identified Staff (the "Programme") as authorized by the Bank's Ordinary Shareholders Meeting of April 11 th , 2017, respectively according to the provisions of articles 2357-ter and 2359-bis of the civil code, and to the other applicable laws and regulations.
The Programme refers to the purchasing of Treasury Shares within the maximum limit of 5,520,000 (equal to 0.91% of the share capital of the Bank); specifically, the Treasury Shares to be purchased will be used for the execution of the first, second and third tranche of the above-mentioned "2015-2017 PFA PLAN".
Following the release of the required authorization by the Regulatory Authorities pursuant to Articles 77-78 of EU Reg. 575/2013 of June 26th, 2013 (CRR), the Board of Directors held on February 6 th, 2018, in execution of the Programme, has resolved the free allocation to beneficiaries of a number of FinecoBank shares corresponding to the maximum total amount of Euro 19,968,999.99, defined considering the reference value determined on the basis of the arithmetic average of the official closing price of the shares of each day of listing on the Mercato Telematico Azionario (MTA) organized and managed by Borsa Italiana SpA, in the period starting from the day before the date of assignment of the shares to the Financial Advisors to the same day of the previous month (both included), meaning by assignment date the day July 31, 2018 (date of assignment of the first tranche).
The purchases of the Shares connected to the implementation of the Programme will be carried out pursuant to the procedure and within the operational limits established by the Shareholders' Meeting resolution referred to above, and provided by Article 5 of Regulation (EU) 596/2014 (Market Abuse Regulation), by Article 3 of the European Commission Delegated Regulation (EU) 2016/1052 of March 8th , 2016 and by the applicable sector regulations.
The purchase of the Shares will take place through one or more transactions on the regulated market, according to the operating procedures established for such transactions by the market organization and management regulations, at a maximum unit price that does not exceed the higher price between the last independent transaction price and the highest current independent purchase offer price in the trading venue where the purchase is made. In any event, the price per Share must not be less than the par value, of € 0.33, and not more, as a maximum, than the average closing prices for the Shares recorded on the Mercato Telematico Azionario organised and managed by Borsa Italiana S.p.A. in the thirty stock exchange trading days prior to the purchase, plus 10%.
The purchases of Shares linked to the implementation of the Programme will be made for volumes not exceeding 25% of the average daily volume of the Shares on the trading venue where the purchase is made, calculated on the average daily volume traded in the month before the one in which the program is announced to the public (and, therefore, in May 2018).
The Programme, which will start on July 2 nd, 2018, will last until July 30th, 2018.
In compliance with current legislation, FinecoBank will provide an adequate public disclosure of information on purchase transactions time by time carried out by the end of the 7th trading day following the date of execution of the transactions - this communication will also be available on the website www.finecobank.com - and any subsequent changes to the aforementioned purchase programme will be promptly communicated by the Bank to the public.
As of the date of the present press release, the Bank holds 88.041 Treasury Shares, equal to 0,01% of share capital.
* Personal Financial Advisors (PFA) are tied agents for FinecoBank.
FinecoBank is UniCredit Group's direct multichannel bank. It has one of the largest financial advisors' network in Italy*, and is the number one broker in Italy for equity trades in terms of volume of 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.
*Source: Assoreti
**Source: Assosim
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
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.