PRESS RELEASE

ANIMA Holding: realignment (pursuant to Legislative Decree 104/2020) of the intangible asset recorded in the financial statements by the subsidiary Anima SGR

  • Positive impact on ANIMA 2021 consolidated net profit for more than €24 million

Milan, 9 June 2021

The Board of Directors of ANIMA Holding SpA ratified the resolution of the Board of Directors of Anima SGR SpA, to take advange of the provisions of art. 110 of the Legislative Decree 104/2020. This provides for the possibility of realigning the lower fiscal value to the higher book value of intangible assets with a defined useful life, recorded in the financial statements in 2018 following the partial spin-off of BancoPosta Fondi SGR SpA (concerning the management of assets underlying the Class I insurance products on behalf of Poste Vita SpA).

The exercise of the option will allow to deduct the future amortization of the aforementioned intangible, against the payment of a 3% one-off tax (€2.7 million), with consequent transfer to the income statement of the residual amount of deferred taxes recorded at the time of the transaction for €27 million, thus generating a positive effect on the 2021 consolidated net profit of the ANIMA Group for €24.3 million.

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ANIMA is a leading Italian independent asset management operator, with more than €195 billion of assets under management (as of March 2021). A synthesis of different complementary paths and specializations, ANIMA nowadays offers one of the largest range of products and services available on the market. ANIMA's offering is composed of Italian and foreign collective investment schemes and SICAVs. The company also offers institutional and private pension funds, as well as private wealth and institutional asset management services. For further information, please visit www.animaholding.it

Contacts:

Barabino & Partners

ANIMA - Investor relations

Tel +39.02.72.02.35.35

Tel. +39.02.63.536.226

Emma Ascani

Fabrizio Armone

e.ascani@barabino.it

fabrizio.armone@animaholding.it

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Anima Holding S.p.A. published this content on 09 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2021 14:42:08 UTC.