Press Releases - BFF Banking Group
News & Media
Milan, 20th February 2023 – BFF Bank S.p.A. (“BFF”, the “Bank” or “BFF Banking Group”) announces to have purchased, in the period between 13th February and 17th February 2023, 291,888 ordinary shares, equal to 0.1573% of the 185,604,558 issued shares, for a total amount – fees excluded – of Euro 2,794,383.98, within the shares’ buy-back programme, whose launch was resolved by BFF’s Board of Directors on 9th February 2023, after obtaining the issuance of the prescribed authorization by the Bank of Italy on 1st February 2023, and in execution of the resolution of BFF’s ordinary Shareholders’ Meeting of 31st March 2022.
Purchases were executed by the authorised intermediary Mediobanca S.p.A.
The aggregate of the daily buy-back transactions on Euronext Milan (former Mercato Telematico Azionario – MTA) managed by Borsa Italiana S.p.A. is reported below, and the detail of such transactions executed in the aforementioned dates is enclosed in the Attachment.
|Transactions’ date||N° of BFF ordinary shares purchased||Average unitary price (Euro)||Total amount (Euro)|
Following the above-mentioned purchases, and considering the treasury shares already in the portfolio, as of 20th February 2023 the Bank holds 818,933 treasury shares, equal to 0.4412% of the issued shares.
The Programme, aimed at providing the Bank with a stock of financial instruments necessary to fulfil the obligations provided by the remuneration and incentive systems according to the BFF’s “Remuneration and incentive policy in favour of the members of the strategic supervisory, management and control bodies, and of the personnel of BFF Banking Group” in force, has been, therefore, completed, since the maximum cash amount available, equal to €2.8m, is reached.