INTESA SANPAOLO: CHANGE TO THE 2020 FINANCIAL CALENDAR
Turin - Milan, 27 April 2020 – Intesa Sanpaolo communicates that its 2020 financial calendar has been changed as regards the dates relating to dividend distribution. This follows the approval at the Shareholders’ Meeting held today of the proposal made by the Board of Directors on 31 March 2020 in compliance with the recommendation of the European Central Bank dated 27 March 2020 on dividend policy until 1 October 2020 in the aftermath of the COVID-19 epidemic, to suspend dividend distribution to shareholders and to allocate net income for the financial year 2019 to reserves. The Board of Directors of Intesa Sanpaolo intends to convene an Ordinary Shareholders’ Meeting after 1 October 2020 to execute the distribution of part of the reserves to shareholders by the end of the financial year 2020, subject to the indications that will be given by the ECB in respect of dividend policy and the Group’s solid capital position being preserved in respect of the evolution of the context following the COVID-19 epidemic.
An updated version of the financial calendar for 2020 is shown below. Further changes may be made to the calendar.
4 February 2020 |
Meeting of Board of Directors to approve consolidated results for the year 2019 and propose net income allocation |
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25 February 2020 |
Meeting of Board of Directors to approve parent company draft financial statements and consolidated financial statements for the year 2019 |
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27 April 2020 |
Ordinary Shareholders’ Meeting, on single call, to approve parent company financial statements for the year 2019 and proposal of net income allocation, and Extraordinary Shareholders' Meeting, on single call, to increase the share capital to serve a public exchange offer and to subsequently amend Articles of Association |
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5 May 2020 |
Meeting of Board of Directors to approve interim statement as at 31 March 2020 |
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4 August 2020 |
Meeting of Board of Directors to approve half-yearly report as at 30 June 2020 |
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3 November 2020 |
Meeting of Board of Directors to approve interim statement as at 30 September 2020 |
In accordance with Articles 65-bis and 82-ter of the Issuers’ Regulation, effective as of 2 January 2017, Intesa Sanpaolo opted for periodical disclosure, on a voluntary basis, of financial information as at 31 March and 30 September of each financial year, in addition to the annual report and the half-yearly report. This information consists of interim statements approved by the Board of Directors, basically providing continuity with the interim statements published in the past.
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investor.relations@intesasanpaolo.com
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Last updated 27 April 2020 at 15:29
