(*) Shareholders that are fund management companies may be exempted from disclosure up to the 5% threshold.
(1) The percentage held has been recalculated due to the changes in Intesa Sanpaolo’s share capital of 5 August 2020 and 17 September 2020 as a result of the share capital increase to serve the Public Purchase and Exchange Offer for UBI Banca shares and the ensuing Procedure for the Compulsory Squeeze-Out pursuant to art. 108, paragraph 2, of the Consolidated Law on Finance.
(2) Also on behalf of the Government of Norway.
(3) The shareholder holds an aggregate investment equal to 6.580% as per form 120 B dated 24 June 2020 which has been recalculated in 6.015% due to the changes in Intesa Sanpaolo’s share capital of 5 August 2020 and 17 September 2020 as a result of the share capital increase to serve the Public Purchase and Exchange Offer for UBI Banca shares and the ensuing Procedure for the Compulsory Squeeze-Out pursuant to art. 108, paragraph 2, of the Consolidated Law on Finance. JPMorgan Chase & Co. made the original disclosure on 16 July 2018 (through form 120 B) in view of the positions held in relation to the issue of LECOIP 2.0 Certificates, having as underlying instruments Intesa Sanpaolo ordinary shares, that the Intesa Sanpaolo Group’s employees received under the 2018-2021 LECOIP 2.0 Long-term Incentive Plan based on financial instruments.
Note: figures may not add up exactly due to rounding differences.
Figures updated based on the results from the register of shareholders and the latest communications received.
The Italian regulations (Article 120 of the Consolidated Law on Finance “TUF”) set forth that holdings exceeding 3% of the voting capital of a listed company should be communicated to both that company and CONSOB. Moreover, under Article 19 of the Consolidated Law on Banking "TUB", prior authorisation by the Bank of Italy is required for the acquisition of holdings of capital in banks that are either significant or make it possible to exercise significant influence, or confer a share of voting rights or capital equal to at least 10%.
With its resolution dated 9 April 2020, CONSOB confirmed that the additional temporary threshold of 1%, above which notification is required pursuant to Article 120 of the “TUF”, will remain in place for three months starting from the entry into force of the resolution, and without prejudice to its early revocation. Holdings above 1% and below 3%, as at the date of entry into force of the resolution, will be communicated within ten working days of the above-mentioned date. The resolution dated 9 April 2020 repealed and replaced the previous resolution of 17 March 2020, which had established that temporary threshold.
The Italian regulations also set forth the obligation to disclose any agreements between shareholders.
Furthermore, Article 120, paragraph 4-bis, of the “TUF” sets forth the obligation for investors who acquire holdings in listed issuers with Italy as home Member State, equal to or above 10% of the relevant capital or a lower threshold as defined by CONSOB, to declare the objectives they are pursuing. With CONSOB resolution dated 9 April 2020, the relevant threshold for Intesa Sanpaolo was set at 5% of the Bank’s capital, for three months.
With its resolution dated 8 July 2020, CONSOB extended the provisions of the above-mentioned resolutions dated 9 April 2020 until 12 October 2020, without prejudice to its early revocation.