The Shareholders' Meeting of Ubi Banca met on Friday morning and approved, with the favorable vote of 99,89% of the share capital present, the proposal for the distribution of a unit dividend di 0,11 €, from the extraordinary reserve, subject to coverage of the loss for the year from the share premium reserve, as proposed by the Management Board in consideration of the adequate capitalization of the Group according to the parameters established by the Basel 3 Rules and in compliance with the Communication of the European Central Bank of 27 December 2017 on the subject of dividend distribution policies.
The dividend will be paid on the 1.141.300.266 outstanding ordinary shares, net of treasury shares held in the portfolio, equal to a total dividend of up to 125,5 million euro and will be paid with ex-dividend date, record date and payment respectively on 21, 22 and 23 May 2018.
The Shareholders' Meeting then resolved in favor of the first section of the Remuneration Report, prepared for the purposes of disclosure to the public pursuant to current provisions and made available to the public pursuant to the law. This first section illustrates the Group's remuneration and incentive policies and contains the main information regarding the decision-making processes regarding remuneration systems, the main characteristics, the methods through which the link between remuneration and results is ensured, the main performance indicators taken as a reference, the reasons underlying the choices of variable remuneration systems and other non-monetary benefits.
The shareholders' meeting then voted in favor of the adoption of remuneration and incentive policies in favor of the Supervisory Board Members and Management Board Members; the Remuneration plans based on financial instruments, for the valuation of a portion of the short-term (annual) variable component of the remuneration of the "Key Personnel", consequently approving the related proposal to authorize the purchase of treasury shares to service these Plans. The shareholders' meeting then approved the proposal to authorize the purchase of treasury shares to service the 2017-2019/2020 long-term (multi-year) incentive plan.
Still on the subject of remuneration, the Shareholders' Meeting, having acknowledged the proposal of the Supervisory Board, approved the terms for setting the criteria and the maximum annual limits of the remuneration and the related payment methods to be agreed in the event of early termination of the employment relationship work or early termination of office.
Also today, Ubi Banca has successfully placed a 500 million euro bond and announced that it is being evaluated on disposal of some non-performing loans.
