Employment Share Ownership and Coinvestment scheme

The Employee Share Ownership and Coinvestment Plan 2023-26 (“ESOP 2023-26”) for Mediobanca Group staff is intended to attract and retain staff with high professional and ethical qualifications, who are suited to the complexity and the increasing internationalization and specialization of the Group’s businesses, based on a rationale of prudent management and sustainability of costs and results over time.

The Employee Share Ownership and Coinvestment Plan 2023-26 (“ESOP 2023-26”) enables Group staff to take part in a share ownership and/or coinvestment scheme that allows them, on a voluntary basis, to issue instructions to acquire Mediobanca shares on the market which they will then receive on favourable or “discounted” terms).

The Plan therefore enables broader participation by the corporate population in the creation of sustainable value for the Group, with provision made for the premium to be paid (or the shares “matched”) when certain conditions are met (e.g. shares bought must be held for three years, the recipient must still be employed by the Group at the end of the vesting period, and certain KPIs included in the 2023-26 Strategic Plan must be met), with a specific share issue to be made for use in connection with the Plan.

The Plan has the following main advantages:

  • Enabling our people to participate directly in achieving the company’s objectives and creating sustainable value;
  • Stimulating a sense of involvement and belonging among our staff, thus embedding a culture of ownership;
  • Expanding the remuneration strategy with the adoption of innovative instruments;
  • Increasing a sense of financial awareness, risk management culture and entrepreneurial spirit among Group staff;
  • Ensuring that the remuneration payable to Group staff is correlated to the achievement of positive results over time, having regard to the performances delivered and the overall sustainability of the compensation mechanisms;
  • Achieving alignment with Italian and international best practices.

The Plan is therefore an important motivational tool for the long period, in line with the practice adopted in our reference market.