Intesa Sanpaolo concludes its own share purchase program for free allocation to employees

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Intesa Sanpaolo concludes its own share purchase program for free

(Finance) – Intesa Sanpaolo announced that on 14 September 2022 it has completed the program for the purchase of ordinary treasury shares launched on 12 September 2022 at the service of plans free assignment of ordinary shares to employees and Group Financial Advisors in relation to:

  • the incentive system of the Intesa Sanpaolo Group based on shares for the year 2021, intended for Risk Takers who accrue a bonus above the so-called “materiality threshold”, to recipients of a “particularly high” amount and to those who, including Middle Management or Professional non-Risk Taker, accrue “relevant bonuses”;
  • the incentive system of the Privredna Banka Zagreb (PBZ) Group based on shares for the year 2021 and the residual shares in financial instruments deriving from previous plans;
  • the Long-Term Incentive Plans for the Financial Advisors of the Fideuram Group – Intesa Sanpaolo Private Banking Networks. 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.

The purchases were made within the terms authorized by the Intesa Sanpaolo Shareholders’ Meeting of April 29, 2022. The subsidiaries also concluded the share purchase programs of the parent company.

During the three days of the program (from 12 to 14 September 2022), the Intesa Sanpaolo Group has overall purchased 46,216,652 ordinary sharesequal to approximately 0.24% of the share capital at an average purchase price per share of € 1.8932, for a total value from 87,496,321.48 euros; the Parent Company alone purchased 12,967,930 shares at an average purchase price per share of € 1.8938, for a value of € 24,558,315.42.

The Group underlined that, having completed on 14 September 2022 the buy-back program to service the plans for the free assignment of Intesa Sanpaolo ordinary shares to employees, from 19 September 2022 the purchases of own shares will be resumed in execution of the program. buyback started on 4 July 2022.

On the Milanese price list, today, there is a limited decline for Intesa Sanpaolowhich records the session down by 0.26%.

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