(Teleborsa) – Intesa Sanpaolo announced that from 13 September 2021 will launch a program for the purchase of ordinary treasury shares, yes will conclude by September 24, 2021. The purchase is in service of plans for the free assignment of Intesa Sanpaolo ordinary shares to employees in relation to:
– the share-based incentive system of the Intesa Sanpaolo Group for the year 2020, intended for Risk Takers who accrue a bonus higher than the so-called “materiality threshold”;
– to the recipients of a “particularly high” amount and to those who, among Middle Management or Professional non-Risk Takers, accrue “significant bonuses”;
– the share-based incentive system of the former UBI Banca Group for the year 2020 intended for Risk Takers;
– to the residual stakes in shares deriving from incentive systems of the former UBI Banca Group for previous years.
The purchase also serves, if certain conditions are met, for the payment of remuneration recognized on the occasion of the early termination of the employment relationship. This purchase is made within the terms authorized by the Intesa Sanpaolo Shareholders’ Meeting of 28 April 2021 and already communicated to the market.
The number of shares to be purchased on the market to meet the overall needs of the aforementioned incentive systems and / or in application of Severance for the Group is 20,000,000, corresponding to a percentage of Intesa Sanpaolo’s share capital equal to 0.10 %, in compliance with the resolution of the Intesa Sanpaolo Shareholders’ Meeting of 28 April 2021, which authorized the purchase, even in several tranches, of Intesa Sanpaolo ordinary shares, both for the Parent Company and for the companies directly and / or indirectly controlled by it , up to a maximum number of 22,479,270, corresponding to a maximum percentage of Intesa Sanpaolo’s share capital of 0.12%.
At Piazza Affari, today, a small step forward for the credit giant which brings home a shy + 0.53%.
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