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Banco Popolare Sc Approves Share Buy-Back Program


Saturday, 20 Apr 2013 11:52am EDT 

Banco Popolare Sc announced that the Shareholders’ Meeting approved the proposal regarding the share buy-back to sustain the stock liquidity along the timeframe and procedures provided for by current regulations. The authorization covers the buy-back of own shares, in one or more tranches, within a maximum amount of Euro 50,000,000 of the available reserves, and the use of the shares, in one or more tranches, provided that, in any case, in consideration of the executed transactions, the number of shares held in the portfolio does not exceed 2% of the shares making up the share capital. The authorization for the share buy-back is granted up until the approval of the 2013 Annual Report. The Shareholders' Meeting also approved the proposal regarding the share buy-back up to a maximum amount of Euro 860,000, and in any case not exceeding 580,000 shares, and the use of 519,132 own shares held in portfolio and coming from previous share allocation plans to build up a so called share reserve pursuant to the Consob Resolution. 

Company Quote

11.15
-0.02 -0.18%
11:36am EDT