Treasury shares

The buyback of Mediobanca treasury shares, authorized by its shareholders at the ordinary Annual General Meeting held on 27 October 2018 for the purpose of equipping the Bank with an instrument to provide flexibility in strategic and operational terms ended on 25 March 2020.

The buyback of Mediobanca treasury shares launched on 8 November 2018 (authorized by its shareholders at the ordinary Annual General Meeting held on 27 October 2018, and by the European Central Bank pursuant to Articles 77-78 of Regulation (EU) no. 575/2013 (the “CRR”) ended on 25 March 2020.

The buyback’s objective was to equip the Bank with an instrument to provide flexibility in operational terms, to allow it to use treasury shares in connection with possible acquisitions, or to implement compensation schemes, existing or future, based on financial instruments for the benefit of Group staff.

Mediobanca now owns 26,611,288 par value €0.50 treasury shares, equal to approx. 3% of the company’s share capital.

Last update: 17/06/2020