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INTESA SANPAOLO CONCLUDES ORDINARY SHARE BUY-BACK PROGRAMME
TO SERVE A FREE ASSIGNMENT PLAN FOR EMPLOYEES  

  

Torino, Milano, June 27th 2012 – Intesa Sanpaolo communicates that yesterday, June 26th 2012, the Bank concluded its ordinary share buy-back programme started on the same day to serve a free assignment Plan reserved to its employees. The Plan had been approved at the Shareholders’ Meeting held on May 28th 2012 and disclosed to the market in the press release issued on June 25th 2012. The Bank’s subsidiaries shown in the aforementioned press release also terminated their purchase programmes of Parent Company shares for free assignment to employees. These programmes are in accordance with resolutions of their respective competent corporate bodies and are analogous to that approved at the Parent Company’s Shareholders’ Meeting.

As also required by articles 113-ter of Legislative Decree 58 of February 24th 1998 (TUF-Consolidated Law on Finance) and article 144-bis of Consob Resolution 11971/99 (Issuers’ Regulation) details are provided below with respect to the purchases executed. Information is hereby given by Intesa Sanpaolo also on behalf of the aforementioned subsidiaries.

The buy-back programme was executed on a single day (June 26th 2012) when the Intesa Sanpaolo Group totally purchased - through Banca IMI, in charge of the programme execution - 12,894,692 Intesa Sanpaolo ordinary shares (representing approximately 0.08% of the ordinary share capital) at an average purchase price of 0.97969 euro per share, for a total countervalue of 12,632,743 euro while the Parent Company purchased 6,547,562 shares at an average purchase price of 0.97991 euro per share, for a countervalue of 6,416,021 euro.

Purchase transactions were executed in compliance with provisions included in articles 2357 and following ones and 2359-bis and following ones of the Italian Civil Code and within the limits of number of shares and consideration as determined in the resolutions passed by the competent corporate bodies. Pursuant to article 132 of TUF and article 144-bis of Issuers’ Regulation and related implementing provisions, purchases were carried out on the regulated market MTA managed by Borsa Italiana in compliance with trading methods laid down in the market rules for these transactions. 

Moreover, as for the purchase modality, transactions were carried out in compliance with conditions and restrictions under articles 5 and 6 of the EU Commission Regulation 2273/2003 and market practices under article 180, paragraph 1, letter c of TUF, approved by Consob.

The total number of shares purchased, and thus the daily volume of purchases executed, was not in excess of the 25% of the daily average volume of Intesa Sanpaolo ordinary shares traded in May 2012, which was equal to 177.7 million shares.

Share purchases are detailed in the enclosure and summarised in the table below.

 

COMPANIES

SHARES
PURCHASED

AVERAGE
PURCHASE PRICE (€)

COUNTERVALUE (€)


INTESA SANPAOLO 6,547,562 0.97991 6,416,021
BANCA CR FIRENZE   131,668 0.97905  128,910
BANCA DI TRENTO E BOLZANO 14,629 0.97982 14,334
BANCA IMI   1,380,140 0.97862  1,350,633
BANCO DI NAPOLI  195,065 0.97909 190,986
BANCA INFRASTRUTTURE INNOVAZIONE E SVILUPPO  207,749

0.97909

203,405
C.R. BOLOGNA  14,629 0.97837 14,313
C.R. FORLI' E ROMAGNA   29,259 0.98029 28,682
C.R. FRIULI   14,629 0.9807 14,347
C.R. VENETO   58,519 0.97924 57,304
C.R. VENEZIA  19,506 0.98002 19,116
INTESA SANPAOLO ASSICURA 19,507 097999 19,117
INTESA SANPAOLO GROUP SERVICE 558,881 0.97903  547,161
INTESA SANPAOLO PRIVATE BANKING 156,054 0.979 152,777
LEASINT  48,767 0.97982  47,783
MEDIOCREDITO ITALIANO  19,506

0.98078

19,131
MEDIOFACTORING  73,151

0.98167

71,810
SETEFI   58,520 0.98094 57,405
BANCA FIDEURAM  382,341 0.98049 374,882
FIDEURAM INVESTIMENTI  170,689 0.97883 167,076
BANCA CR FIRENZE ROMANIA 39,014  0.98043 38,250
BANCA INTESA BEOGRAD  296,510 0.97988 290,544
BANK OF ALEXANDRIA 176,540 0.97905 172,841
BANKA KOPER 217,017 0.97951 212,570
CIB BANK   58,521 0.98019 57,362
INTESA SANPAOLO BANKA BOSNA I HERCEGOVINA   78,028 0.97909 76,396
INTESA SANPAOLO CARD 63,398 0.9801 62,136
PRIVREDNA BANKA ZAGREB  416,480 0.97969 408,021
PRAVEX-BANK

219,455

0.97748

214,513
VUB BANKA  253,595

0.97989

248,495
EURIZON CAPITAL  747,129 0.98085 732,821
EURIZON CAPITAL (LUX)   116,068 0.97957  113,697
EPSILON ASSOCIATI 112,166  0.97983 109,904
TOTAL OF THE PROGRAMME 12,894,692 0.97969 12,632,743

 

 

Investor Relations
+39.02.87943180
investor.relations@intesasanpaolo.com

Media Relations
+39.02.87963531
stampa@intesasanpaolo.com


group.intesasanpaolo.com

 

 

  

 

 

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