Share buyback programme
Treasury share buyback plan to give the bank strategic and operational flexibility.
Share buyback programme, with the aim of providing Mediobanca with a flexible strategic and operational instrument.
On 28 October 2023, the shareholders of Mediobanca gathered in Annual General Meeting approved a share buyback programme involving a total of up to 17,000,000 shares, equal to 2% of the company’s share capital. The buyback, which entailed an outlay of €197,959,090.60, was completed in February 2024. The shares acquired were cancelled in June 2024, with no reduction in the share capital.
On 28 October 2024, the shareholders of Mediobanca gathered in Annual General Meeting approved a share buyback and cancellation programme involving a total amount of approx. €385m. The deal has received authorization from the ECB.
The two buybacks described above represent the first two tranches in the share buyback programme included in the 2023-26 Strategic Plan “One Brand-One Culture”.
As at 8 May 2025, under the terms of the programme, Mediobanca had acquired a total of 18,344,777 shares, equal to 2.2% of the company’s share capital, for a total outlay of approx. 272m. As at the same date, Mediobanca’s share capital consisted of 833,279,689 shares, 812,102,363 of which shares in issue and 21,177,326 are treasury shares.
