INTESA SANPAOLO CONCLUDES ORDINARY SHARE BUY-BACK PROGRAMME
TO SERVE A FREE ASSIGNMENT PLAN FOR EMPLOYEES  

  

Turin - Milan, October 9^th 2013 – Intesa Sanpaolo communicates that yesterday, October 8^th 2013, the Bank concluded its ordinary share buy-back programme started on the same day to serve a free assignment Plan reserved to its employees. The Plan had been approved at the Shareholders’ Meeting held on April 22^nd 2013 and disclosed to the market in the press release issued on October 7^th 2013. The Bank’s subsidiaries shown in the aforementioned press release also terminated their purchase programmes of Parent Company shares for free assignment to employees. These programmes are in accordance with resolutions of their respective competent corporate bodies and are analogous to that approved at the Parent Company’s Shareholders’ Meeting.

As also required by article 113-ter of Legislative Decree 58 of February 24^th 1998 (TUF-Consolidated Law on Finance) and article 4 of the EU Commission Regulation 2273/2003 details are provided below with respect to the purchases executed. Information is hereby given by Intesa Sanpaolo also on behalf of the aforementioned subsidiaries.

The buy-back programme was executed on a single day (October 8^th 2013) when the Intesa Sanpaolo Group totally purchased - through Banca IMI, in charge of the programme execution - 8,920,413 Intesa Sanpaolo ordinary shares (representing approximately 0.06% of the ordinary share capital and 0.05% of the total share capital of the Parent Company) at an average purchase price of 1.72775 euro per share, for a total countervalue of 15,412,287 euro while the Parent Company purchased 3,642,455 shares at an average purchase price of 1.72759 euro per share, for a countervalue of 6,292,676 euro.

Purchase transactions were executed in compliance with provisions included in articles 2357 and following ones and 2359-bis and following ones of the Italian Civil Code and within the limits of number of shares and consideration as determined in the resolutions passed by the competent corporate bodies. Pursuant to article 132 of TUF and article 144-bis of Issuers’ Regulation and related implementing provisions, purchases were carried out on the regulated market MTA managed by Borsa Italiana in compliance with trading methods laid down in the market rules for these transactions.

Moreover, as for the purchase modality, transactions were carried out in compliance with conditions and restrictions under articles 5 and 6 of the EU Commission Regulation 2273/2003 and market practices under article 180, paragraph 1, letter c of TUF, approved by Consob.

The total number of shares purchased, and thus the daily volume of purchases executed, was not in excess of the 25% of the daily average volume of Intesa Sanpaolo ordinary shares traded in September 2013, which was equal to 165 million shares.

Share purchases are detailed in the enclosure and summarised in the table below.

 

COMPANIES	SHARES    PURCHASED	AVERAGE           PURCHASE PRICE (€)	COUNTERVALUE (€)
INTESA SANPAOLO	3,642,455	1.72759	6,292,676
INTESA SANPAOLO GROUP SERVICES	329,255	1.72801	568,955
C.R. FIRENZE	42,231	1.72621	72,900
INTESA SANPAOLO PRIVATE BANKING	94,768	1.72673	163,639
INTESA SANPAOLO VITA	537,338	1.72841	928,741
INTESA SANPAOLO LIFE	116,565	1.72737	201,351
BANCA IMI	2,081,111	1.72788	3,595,913
MEDIOFACTORING	49,278	1.72673	85,090
BANCA FIDEURAM	735,206	1.72854	1,270,834
FIDEURAM INVESTIMENTI	170,583	1.72687	294,575
FIDEURAM VITA	156,368	1.72752	270,130
EURIZON CAPITAL SGR	370,527	1.72845	640,436
EPSILON ASSOCIATI	113,722	1.72787	196,497
EURIZON CAPITAL LUX	102,822	1.72692	177,566
BANCA INTESA BEOGRAD	90,091	1.72688	155,576
PRIVREDNA BANKA ZAGREB	166,791	1.72685	288,023
VUB BANKA	121,302	1.72616	209,387
TOTAL OF THE PROGRAMME	8,920,413	1.72775	15,412,287

 

 

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