BPER launches a treasury share buyback program

(Teleborsa) – BPER Bank announced that it will come from 15 September 2021 launched a program for the purchase of ordinary treasury shares which will end approximately by October 31, 2021.

The purchase program is at the service of the plan for the free assignment of BPER Banca ordinary shares to Group employees in the context of the “2019-2021 Long-Term Incentive Plan (ILT) for personnel considered strategic”, the 2021 MBO incentive system, as well as any severance payments. The purchase will be made within the terms authorized by the BPER Banca Shareholders’ Meeting of 21 April 2021, within the period of maximum duration set at 12 months starting from 8 April 2021, the date of issue of the authorization by the ECB.

The Group’s Shareholders’ Meeting authorized the purchase, even in several tranches, of BPER Banca shares up to one maximum number of 5,000,000 shares, representing – as of September 14 – 0.35% of the Company’s share capital and in any case for an amount not exceeding an equivalent of € 10 million.

As of 14 September, BPER Banca holds no. 432,239 treasury shares in portfolio, equal to 0.03% of the share capital.

Meanwhile, on the Milanese price list, the Emilian bank shows an unchanged trend compared to the eve, and stands at 1.826 euros.

(Teleborsa) 15-09-2021 09:56

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BPER launches treasury share buyback program

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