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.
|BANCA CR FIRENZE||131,668||0.97905||128,910|
|BANCA DI TRENTO E BOLZANO||14,629||0.97982||14,334|
|BANCO DI NAPOLI||195,065||0.97909||190,986|
|BANCA INFRASTRUTTURE INNOVAZIONE E SVILUPPO||207,749||
|C.R. FORLI' E ROMAGNA||29,259||0.98029||28,682|
|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|
|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|
|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|
|EURIZON CAPITAL (LUX)||116,068||0.97957||113,697|
|TOTAL OF THE PROGRAMME||12,894,692||0.97969||12,632,743|
Last updated 27 June 2012 at 21:13