Press Releases - Investors - BFF Banking Group
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Milan, 7th September 2023 – The Shareholders’ Meeting of BFF Bank S.p.A. (“BFF” or the “Bank”), the Parent Company of BFF Banking Group, met today in an ordinary session and in a single call.
With reference to the first and only item on the agenda – Proposal to distribute part of the retained earnings reserve of BFF Bank S.p.A., related resolutions. – i) having examined the report of the Board of Directors; ii) having acknowledged that Bank’s share capital and reserves as of 31st December 2022, in particular the retained earnings reserve, are to be considered as existing; iii) considering the existence of sufficient available reserves; iv) considering that the Bank, as certified by the Board of Statutory Auditors, does not fall under the cases set forth in paragraph 3 of the Article 2433 of the Civil Code and having acknowledged the Board's opinion on the legitimacy of the proposal formulated, the Shareholders’ Meeting approved the distribution to shareholders of Euro 0.147 per share, for a maximum total amount of Euro 27,487,349.74, for each of BFF outstanding ordinary shares, net of treasury shares held by the Bank at the record date.
It should be noted that, as announced to the market with the press release dated August 3rd, the Board of Directors approved to distribute an interim dividend before taxes equal to Euro 0.291 per share, for a maximum total amount of Euro 54,451,024.78 for each of BFF outstanding shares, net of the treasury shares held by the Bank at the record date, which brings the total interim dividend to Euro 0.438 per share.
Therefore, the payment of total interim dividend per share, equal to Euro 0.438, will take place –pursuant to art. 2.6.2 of the Regulations of Markets organized and managed by Borsa Italiana S.p.A., as well as art. IA.2.1.2 of the related Instructions, on Wednesday 13th September 2023, with ex-dividend date on Monday 11th September 2023 (coupon n° 8) and record date on Tuesday 12th September 2023. The payment will be made through the authorized intermediaries with whom the shares are registered in the Monte Titoli system.
The minutes of today’s Shareholders’ Meeting and the summary report of the votes, containing the number of shares represented at the General Meeting and the shares for which the vote was expressed, the percentage of capital these shares represented, as well as the number of votes in favour and against to the resolutions, and the number of abstentions, will be made available to the public within the terms established by the current legislation, at the registered office of the Bank in Milan – Via Domenichino n. 5, on the authorised storage mechanism 1Info, as well as in the Governance > Shareholders’ Meetings Documentation > Shareholders’ Meetings 7 September 2023 section of BFF Group’s website. The required information regarding the publication will be provided.