What are Mediobanca’s mission and values?
See About us section
What are Mediobanca’s main activities?
Where are the Group’s offices located?
Where can I find out about Mediobanca’s history?
What services and products does Mediobanca offer? Who are they intended for?
See What we do, which describes the products and services offered by the Group
Who should I contact for further information on the Mediobanca Group?
If you have not found the information you require on this website, use the Contact details window
Mediobanca on the Stock Market
What is Mediobanca’s dividend policy?
Mediobanca distributes a dividend once a year, usually in the month of November, having been approved by shareholders in general meeting. The Annual General Meeting of Mediobanca shareholders usually takes place on 28 October each year. Mediobanca’s dividend policy is based on distribution of a percentage of cashed earnings, and is geared towards remunerating shareholders as well as ensuring it remains among the most highly capitalized banks. The historical series of dividends paid in previous years can be found on the “Shares and dividends” page of the Investor Relations section.
How are dividends taxed?
Dividends distributed by Mediobanca S.p.A. to ordinary shareholders are taxed as follows:
- individuals/entities resident in Italy: following the tax reform which came into force on 1 January 2004, dividends do not give rise to any tax credit, and depending on the beneficiary, is either subject to withholding tax at source at a rate of 20% or go to form part of the beneficiary’s taxable income;
- individuals/entities not resident in Italy: dividends are subject to withholding tax at source at a rate of 20%, save for cases where dual taxation conventions apply. For profits accrued starting from the financial year subsequent to the one in course at 31 December 2007 received by individuals or entities resident in an EU member states or one of the countries which are parties to the SEE guaranteeing adequate exchange of information, withholding tax is applied at a rate of 1.375%.
For further information, see the Italian Ministry for the Economy and Finance’s website.
What are the Mediobanca share stock market codes?
Each share listed on the Italian stock market has its own alphanumeric code which is valid internationally. This is code is known as its ISIN (International Securities Identification Number).
The ISIN code for Mediobanca shares is IT0000062957.
The shares are also identified by a set of initials, or ticker, which varies according to reference market. The ticker for Mediobanca shares listed with Borsa Italiana is Mediobanca.
The last part of the code may vary according to the financial news agency used (i.e. Reuters, Bloomberg etc.), as follows:
Where can I find up-to-date stock market prices for Mediobanca shares?
When are Mediobanca’s earnings results published?
The dates on which the results are published and the dates of the meetings with the financial community are shown in the "Financial calendar" section" of the Investor relations area.
Who should I contact for information on Mediobanca’s earnings/financial performance?
How can I find the Company's financial statements?
The Company’s annual, interim and quarterly reports can be downloaded in pdf format in the Financial statements and report window of the Investor relations area as soon as they become available. The annual report may also be consulted online using the interactive searchable report tool, which is also available in the Investor relations area.
What are the Group's key financial indicators?
The Mediobanca Group’s consolidated and divisional key indicators are shown in the "Key data" section of the Investor relations area.
Annual General Meetings Informatio
When is the annual general meeting held to approve the company’s financial statements?
The annual general meeting held to approve the company’s financial statements is usually held on 28 October. The precise date of the meeting is disclosed with due notice in the calendar of meetings of the company’s governing bodies published on this website.
When and where is the notice of meeting published?
The terms for publication vary according to the items on the agenda which shareholders are called together to approve. For approval of the financial statements and cases in which no other term is stipulated, the notice of meeting is published within 30 days of the date scheduled for the meeting. Where the resolutions for adoption include the appointment of the company’s governing bodies, the term for publication is set at 40 days prior to the general meeting.
The notice of meeting is published on Mediobanca’s website, sent to Borsa Italiana and generally published in at least one national and international daily newspaper.
What are the terms and methods of publication for the Board of Directors’ reports on the items on the agenda?
The reports are made available to the public at the company’s head office and the offices of Borsa Italiana and are published on the Bank’s website within the term stipulated for publication of the notice of meeting. Reports prepared pursuant to specific legal requirements are published by the term stipulated in the requirements themselves (e.g. the annual financial report, where the maximum term for publication is reduced to 21 days prior to the general meeting).
Can items be added to the agenda at the shareholders’ request?
Shareholders representing, inter alia jointly, at least one fortieth of the company’s share capital may request an addition to the list of items on the agenda within ten days of the notice of meeting being published, indicating the additional topics for discussion proposed by them in the question, which must be made in writing. No additions are permitted for items on which shareholders by law adopt resolutions at the Board’s proposal or based on plans/reports prepared by the Directors, other than the illustrative reports referred to under Article 125-ter, paragraph 1 of the Italian Consolidated Finance Act. Notice is provided of such additions at least 15 days prior to the date set for the general meeting, in the same forms provided for the publication of the notice of meeting. Shareholders making such request shall prepare a report on the items they want to be discussed, and deliver it to the Board by the deadline for submitting additional requests. The Board publishes the report along with its own comments on it at the same time that the notice of the addition is published.
Who is entitled to take part in and vote at general meetings?
Authorization to take part in and vote at general meetings is given in the form of a notice sent by the intermediary to Mediobanca, based on its own records, to the individual with the voting rights. Such notice is made based on the evidence at the end of the accounting day of the seventh business day prior to the date set for the annual general meeting in the first instance (the “record date”). Authorization to take part and vote in cases where the notice is received by the issuer after the deadline may still be granted provided such notice is received before proceedings at the specific session of the meeting commence.
What does "record date" mean?
The “record date” is the date on which the individual applying to take part in the meeting has to be the owner of shares in Mediobanca (see previous point).
What are "dematerialized shares"?
Since 1 January 1999 shares in listed companies may no longer be represented by paper securities but must be managed through the centralized system operated by Monte Titoli S.p.A. In this case the right to take part is ensured by the records kept by the authorized intermediary which is party to the Monte Titoli system.
What are the methods for taking part and voting in the general meeting?
Every shareholder may take part individually in the general meeting or elect to be represented by means of a written proxy.
Who is the "Company’s Appointed Representative"?
The appointed representative is the entity designated by Mediobanca to which shareholders may issue a proxy, by filling in the relevant form and at no extra cost, with voting instructions for all or some of the proposed items on the agenda. The proxy must be issued by the second open market day prior to the date scheduled for the general meeting in the first instance, and is effective only in respect of those proposals for which voting instructions have been provided. The identity of the Appointed Representative and the methods and deadlines for issuing proxies are contained in the notice of meeting.
Is it possible to rescind proxies or voting instructions given to the "Company's Appointed Representative"?
Proxies and voting instructions may be rescinded at all times up to the end of the second open market day prior to the date scheduled for the general meeting in the first instance.
To whom, and how, may a voting proxy be issued?
The person entitled to vote may indicate by means of a proxy issued in writing a single representative for each general meeting, without prejudice to the entitlement to appoint replacements. The proxy is also effective for possible adjourned sessions of the meeting, and may be rescinded at any time. It is not valid if the name of the representative is left blank. The representative may deliver or send a copy of the proxy rather than the original, including on an electronic support, stating at his or her own responsibility that the copy conforms to the original proxy and asserting the delegate’s identity. The representative keeps the original proxy and retains a record of any voting instructions received for a period of one year following the conclusion of the general meeting.
By what methods is notice of the proxy to be given?
Notice of the proxy should be given by the methods indicated in the relevant section of this website.
What are the terms and methods for publishing the minutes of the annual general meeting?
The minutes are published on Mediobanca’s website (in the Corporate Governance section) within 30 days of the date of the meeting.
When is the dividend approved and paid?
The dividend is proposed by the Board of Directors at its meeting, usually held around mid-September each year, to approve the company’s annual results. The dividend is approved by shareholders at the general meeting called to approve the financial statements, usually held on 28 October each year. Normally the coupon is detached and the dividend paid in the third week of November, in accordance with Borsa Italiana’s guidance.
Is it possible to collect dividends for previous years?
The right to collect dividends lapses after 5 years, under Article 2949 of the Italian Civil Code. However, Mediobanca pays its shareholders all uncollected dividends without time limits upon the presentation of the relevant securities with their coupons. This benefit is also extended to shares following rights issues as a result of shareholders not taking up their entitlements.
Board of Directors/Committees/Statutory Audit Committee Informat
How long is the Mediobanca Board of Directors' term of office?
The Board of Mediobanca remains in office for three financial years until the financial statements in respect of the third financial year have been adopted.
What are the duties and who are the members of the Board of Directors?
All information on the Board of Directors is available on the Mediobanca website in the Corporate Governance section.
What are the duties and who are the members of the Statutory Audit Committee?
All information on the Statutory Audit Committee is available on the Mediobanca website in the Corporate Governance section.
What are the duties and who are the members of the Executive Committee?
All information on the Executive Committee is available on the Mediobanca website in the Corporate Governance section.
Has the Board of Directors instituted committees?
In accordance with the recommendations made in the Code of conduct operated by Borsa Italiana, and the Bank of Italy’s instructions, Mediobanca has established three committees: the Risks Committee, Remunerations Committee and Appointments Committee. All information on these committees is available on the Mediobanca website in the Corporate Governance section.
How is the Board of Directors appointed?
Directors are appointed on the basis of lists that may be submitted by the Board of Directors themselves and/or shareholders representing in the aggregate at least the percentage of the company’s share capital established by the regulatory provisions in force at the time and stated in the notice of meeting.
Who appoints the Chairman of the Board of Directors?
The Chairman is appointed by the Board of Directors (cf. Article 16 of the company’s Articles of Association).
What earnings/financial data does the Board of Directors approve?
The data contained in the statutory and consolidated accounts for the full year, the interim report and the quarterly reviews of operations.