Share buyback: 1.37% completed as at end-January 2024
The share buyback programme authorized by shareholders at the Annual General Meeting held on 28 October 2023 and the European Central Bank on 20 October 2023 commenced on 13 November 2023. The programme will be completed within twelve months of receipt of the ECB authorization, and entails the acquisition of up to 17 million shares for use in possible acquisitions, execution of Group staff compensation schemes, sale on the market and OTC, and/or for cancellation.
As at 31 January 2024, under the terms of the programme, Mediobanca had acquired a total of 11,674,672 shares, equal to 1.37% of the company’s share capital, for a total outlay of approx. €133.5m.
As at the same date, Mediobanca’s share capital consisted of 849,937,900 shares, 830,970,208 of which shares in issue and 18,967,692 are treasury shares.
Milan, 7 February 2024