Share buyback: 2.57% completed as at 31 May 2022
A new share buyback programme authorized by shareholders at the Annual General Meeting held on 28 October 2021 and the European Central Bank on 11 November 2021 commenced on 6 December 2021. The programme will be completed within twelve months of receipt of the ECB authorization, and entails the acquisition of up to 25,871,097 shares for use in possible acquisitions, execution of Group staff compensation schemes, sale on the market and OTC, and/or for cancellation.
As at 31 May 2022, under the terms of the programme, Mediobanca had acquired a total of 22,269,147 shares, equal to 2.57% of the company’s share capital, for a total outlay of approx. €207m.