MILAN (ITALPRESS) – Intesa Sanpaolo announces the start of the program of purchase of own shares aimed at the cancellation (buyback) for a total of up to 2.3 billion and for a number of shares not exceeding 800 million ordinary shares Intesa Sanpaolo, authorized by the Bce and approved by the Intesa Sanpaolo Shareholders’ Meeting of 30 April.
The programme for the purchase of own shares, which may be carried out partly and/or fractionally, will be launched on 6 July and will end by 23 October. The price may not exceed the highest price of the last independent operation and the current offer in the highest independent purchase in the market. The purchase can take place in one or more times.
The maximum number of shares that will be purchased daily will not exceed 25% of the average daily volume of Intesa Sanpaolo ordinary shares negotiated in May (54.260.512 titles), i.e. 13.565.128 securities. The purchases will be suspended during the period of execution of the second tranche of the program of purchase of own shares in service of plans of free assignment of ordinary shares Intesa Sanpaolo to the employees, which will be duly announced to the market and predictably will be in September.
– Press Office photos Intesa Sanpaolo –
(ITALPRESS).
