(Finance) – The Board of Directors of Bank Profilemeeting today, reapproved the 2023 budget project in order to incorporate into the financial statement information what is reported in the press release issued on 20 March 2024 by Parent company Arepo BP. In the same it was highlighted that Arepo BP did not accept the further request of extension received from Twenty First Capitalwhich would have become necessary since, on the same date, the conditions precedent of the contract for the purchase and sale of a number of Banca Profilo shares representing 29% of the share capital (net of treasury shares) had not been fulfilled, which therefore became ineffective.
In this scenario it is highlighted that Banca Profilo continues with continuity and intensity in the management of the pown activities in all its business areas on line with the objectives set by Industrial Plan 2024-2026.
The Board of Directors updated the aforementioned information in the Management Report and in Part A of the Notes to the 2023 Financial Statements, thus confirming the economic, financial and equity data as well as the distribution of dividends and previous profit reserves already approved in the meeting of the 14th March 2024.