Banco BPM S.p.A. (BIT:BAMI) commences share repurchases on March 4, 2024, under the program mandated by the shareholders in the Ordinary Shareholders Meeting held on April 20, 2023. As per the mandate, the company is authorized to repurchase up to ?5 million worth of its common shares. The purchase price of each own share must be no lower than 15% or no higher than 15% of the official price reported by the stock on the Euronext Milan Market the day before the purchase. The aim of the authorization is to fulfilling obligations deriving from stock option plans or other allocations of shares to employees or members of the administration and control bodies of the issuer or one of its associates. The authorization is valid until the Shareholders? Meeting to which the 2023 financial statements will be presented but in no case later than 18 months. As of March 7, 2023, the company had 1,515,182,126 ordinary shares in issue and 6,159,480 shares held in treasury.

On March 1, 2024, the company announced a share repurchase program. Under the program the company will repurchase ?5 million worth of shares. The program has a duration from March 4, 2024 to March 15, 2024.