Press Releases - Investors - BFF Banking Group
PR & Presentations
Milan, 1st February 2023 – BFF Bank S.p.A. (“BFF” or the “Bank”) informs that, today, it received, following the start of the regulatory process communicated to the market on 25th November 2022, the authorization from the Bank of Italy, pursuant to articles 27 and seq. of the EU delegated Regulation n. 241 dated 7 January 2014, adopted by the European Commission, and to article 78 of the EU Regulation n. 575 dated 26th June 2013, for the Bank’s shares’ buy-back, in execution of the authorization granted pursuant to Article 2387 of the Civil Code by the Ordinary Shareholders' Meeting of 31st March, 2022 up to a maximum amount of €2.8 million.
The shares’ buy-back programme, as already indicated to the market, aims at providing the Bank with a stock of financial instruments necessary to fulfil the obligations of the remuneration and incentive systems related to BFF’s “Banking Group remuneration and incentive Policy” in force.
The starting date, timing, exact amount and other details of the shares’ buyback program that will be executed pursuant to Delegated Regulation 2016/1052/EU, following a special resolution of the Board of Directors, will be the subject of subsequent communication to the market.