Banca Sistema, BoD proposes dividend of 0.065 euro (25% of profit)

Mittel shareholders meeting approves distribution of extraordinary dividend

(Finance) – The board of directors of the group Bank Systemlisted on Euronext STAR Milan and specialized in the purchase of trade receivables from the public administration and tax credits, has approved the financial statements as at 31 December 2022, confirming the results already communicated on February 10th. The parent company ended 2022 with a net profit of €20.9m (€22m at consolidated level).

The BoD resolved to propose to the shareholders’ meeting, which will meet on 28 April 2023, the allocation to the reserve for retained earnings, of the amount equal to 15,659,200.61 euro and, dividendof the residual amount equal to 5,227,368.38 euros corresponding to €0.065 for each share ordinary (25% of the parent company’s profit).

The payment of the dividend, if approved by the shareholders’ meeting, will take place on May 10, 2023, with coupon detachment on May 8, 2023 and record date on May 9, 2023 (coupon no. 10).

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