Milan, 29 September 2021 – Banca Generali announces the dates scheduled for the payment of dividends calculated on net profit for the years 2019-2020, as already approved by the Ordinary Shareholders’ Meeting held on 22 April 2021, without prejudice to the prior assessment, upon the following Board of Directors’ meetings, that the related conditions have been met.
In this regard, it should in fact be recalled that, based on the resolution passed by the Shareholders’ Meeting, dividend payment is contingent upon: (i) the absence of the limits and conditions set forth by the European Central Bank and the Bank of Italy that could conflict with or limit the dividend payment as per resolution of the Shareholders' Meeting, and, in any event, compliance with the supervisory regulations and guidelines applicable from time to time; (ii) a Total Capital Ratio at the company and consolidated level that continues to exceed the SREP minimum requirements plus a 1.7% buffer, thus equal to 9.7% and 13.5%, respectively.
By virtue of the power granted by the same Shareholders’ Meeting, the Board of Directors will hold its meetings aimed at verifying the satisfaction of the above-mentioned conditions respectively: on 4 November 2021 (for the payment of €2.70 per share dividend) and upon approval of the preliminary consolidated results at 31 December 2021 (for the payment of €0.60 per share dividend), on the date that will be promptly indicated and disclosed, in accordance with applicable laws and regulations, in the 2022 Financial Calendar.\
Specifically, here below are the scheduled ex-coupon dates, record dates and payment dates, should the aforementioned conditions be met:
Dividend No. 1: €2.70 per share for a total of €315,499,420, of which €289,207,237 calculated on the 2020 net profit and €26,292,183 drawn from previous years’ retained earnings:
- Monday, 22 November 2021: ex-coupon date
- Tuesday, 23 November 2021: record date
- Wednesday, 24 November 2021: payment date
Dividend No. 2: €0.60 per share for a total of €70,110,982 entirely drawn from previous years’ retained earnings:
- Monday, 21 February 2022: ex-coupon date
- Tuesday, 22 February 2022: record date
- Wednesday, 23 February 2022: payment date
