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10 Sep 2021 17:19
Notice of change in share capital

Milan, 10th September 2021 – BFF Bank S.p.A. (“BFF” or the “Bank”), pursuant to article 85-bis of CONSOB Issuers’ Regulation n° 11971/1999 as subsequently amended, communicates the new composition of its share capital (fully subscribed and paid-in), following the partial execution of the share capital increase free of charge resolved by the Bank’s Shareholders’ Meeting on 2nd April 2020 (“Share Capital Increase Free of Charge”).

As a result of the execution of the Share Capital Increase Free of Charge, over the period between 12th August 2021 and 9th September 2021, BFF’s share capital increased for an amount equal to Euro 1,188.88, through the issuance of 1,544 new BFF ordinary shares, assigned to BFF Group’s employees in relation with the remuneration and incentive policies’ requirements, in the context of:

  1. the Management by Objective incentive system;
  2. the “Stock Option Plan of Banca Farmafactoring Banking Group” originally approved by the Shareholders’ Meeting on 5th December 2016 and modified by the Shareholders’ Meeting on 28th March 2019 (“Stock Option Plan 2016”).

 

The certificate of the change in share capital was filed with the Companies’ Registration List of Milan, Monza Brianza and Lodi, on 10th September 2021.

TABLE 1

Current share capital

Previous share capital

 

Euro

N° of shares

Unitary

nom. value

Euro

N° of shares

Unitary

nom. value

Total of which:

142.655.646,13

185.267.073

Without

nom. value

142.654.457,25

185.265.529

Without

nom. value

Ordinary shares

(regular entitlement: 01/01/2021)

Current coupon number: 4

142.655.646,13

185.267.073

Without

nom. value

142.654.457,25

185.265.529

Without

nom. value

***

With reference to the Stock Option Plan 2016, it should be further noted that, from the beginning of the exercise period (8th April 2019) until 9th September 2021, 1,235,904 shares (of which 842,829 newly issued) were assigned, against 5,191,392 options exercised on a cash-less basis and 401,638 options exercised with the ordinary method over the same period. The number of options assigned and not exercised yet to date amounts to 2,740,150, of which 1,771,150 are vested and exercisable options.

***

The number of the treasury shares held by the Bank is equal to 263,851 as of 9th September 2021.