Shareholders’ Meeting resolved, with 99.71 per cent of the share capital present and entitled to vote, to adopt the one-tier corporate governance system pursuant to Articles 2409-sexiesdecies and following of the Italian Civil Code. The amendments were authorised by the European Central Bank on 26 October 2023.Īmendments to the Articles of Association to adopt the one-tier corporate governance system. The Shareholders' Meeting also approved the amendments to Article 5 of the Articles of Association necessary to implement this resolution. The above-mentioned cancellation will not have any impact on the amount of the share capital, with a consequent automatic increase in their "accounting par value" of the shares issued by the Company. The Shareholders' Meeting, with 99.78 per cent of the share capital present and entitled to vote, resolved to cancel any UniCredit treasury shares that will be acquired in accordance with the authorisation of the Shareholders Meeting in ordinary session, up to a maximum of UniCredit ordinary shares in total not exceeding no. The purchases of UniCredit’s shares may be carried out and therefore completed within the earliest of the date of the shareholders' meeting which will be called to approve the financial statements for the year ending on 31 December 2023 and (b) 30 June 2024.Ĭompany's shares purchases, if executed, must be carried out at a price that will be determined on a case-by-case basis, in compliance with any applicable regulatory requirements, in force from time to time, on the understanding that the purchase price cannot diverge downwards or upwards by more than 10 per cent from the official price registered by UniCredit's share in Euronext Milan's trading session, organised and managed by Borsa Italiana S.p.A., on the day prior to the execution of each individual purchase transaction.Ĭancellation of treasury shares with no reduction of share capital consequent amendment to clause 5 of the Articles of Association. The transaction was authorised by the European Central Bank on 26 October 2023. The Shareholders' Meeting, with 99.45 per cent of the share capital present and entitled to vote, authorised the Board of Directors, pursuant to Articles 2357 of the Italian Civil Code and 132 of the Italian Consolidated Financial Act, to carry out the purchases, in one or more transactions, for maximum shares of the Company equal to a total expenditure up to Euro 2,500,000,000 and, in any case, not exceeding no. You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself.Today UniCredit S.p.A's Ordinary and Extraordinary Shareholders' Meeting was held in Milan and approved the following resolutions.Īuthorisation to purchase treasury shares aimed at remunerating the shareholders. Simply Wall St has no position in any stocks mentioned. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. We aim to bring you long-term focused analysis driven by fundamental data. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. This article by Simply Wall St is general in nature. Alternatively, email editorial-team (at). Have feedback on this article? Concerned about the content? Get in touch with us directly. Risk Analysisīefore you take the next step you should know about the 2 warning signs for TOP Financial Group that we have uncovered. TOP Financial Group shares are up 7.6% from a week ago. All figures shown in the chart above are for the trailing 12 month (TTM) period
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |