Press releases

14 Feb 2019 19:57
BFF Banking Group: notification of share buy-back plan

BFF Banking Group (the “Bank” or “BFF Group”) announces that, in the period between February 8th and 14th, 2019, it purchased n° 319,752 BFF shares, for a total consideration of 1,679,999 Euro net of fees, as authorised by the Shareholders’ Meeting held on April 5th, 2018 and under the plan launched by the Board of Directors on February 8th, 2019, disclosed according to EU Regulation n° 2016/1052.

Purchases were executed by the authorised intermediary Mediobanca S.p.A..

Following the above purchases and considering the treasury shares already in portfolio, as of February 14th, 2019 the Bank holds, directly or indirectly through subsidiaries, n° 361,304 treasury shares, equal to 0.212% of total number of ordinary shares issued.

Therefore, the share buy-back plan, aimed at providing the Bank of a stock of financial instruments necessary to fulfil the obligations provided by the remuneration and incentive systems according to “Remuneration and incentive policy in favour of the members of the strategic supervisory, management and control bodies, and of the personnel of Banca Farmafactoring banking group” of BFF Group, has been completed, since the total consideration of BFF shares purchased is equal to the maximum amount of the plan (Euro 1,680,000), announced to the market with the press release dated February 8th, 2019.