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       IT0001044996

DOBANK SPA

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doBank : Conclusion of banking license withdrawal proceeding

06/21/2019 | 01:55pm EDT

Press Release

CONCLUSION OF BANKING LICENSE WITHDRAWAL PROCEEDING

Rome, June 21 2019 - doBank S.p.A. ("doBank" or the "Company") wishes to inform that, today, the European Central Bank approved the decision to withdraw doBank's banking license, according to articles 18 of directive 2013/36/EU, articles 4 first clause, letter a) and article 14 of EU regulation n. 1024/2013, articles 80 and following of ECB regulation n. 468/2014 and article 14 of Law Decree of September 1st 1993, n. 385.

With the registration of such provision at the Company Registry of Verona, expected by Monday June 24, the modifications to the Company's articles of association, approved by the extraordinary shareholder meeting of March 5th, 2019 (among which the corporate purpose under article 4) and the company name change to doValue S.p.A. will be fully effective.

This marks the conclusion of the proceeding, which leads to doBank becoming a servicing company regulated under article 115 of Italian public security law (T.U.L.P.S.) and to the cancellation of doBank Group from the register of banking groups. Such proceeding is part of the broader corporate reorganization project announced with the presentation of the 2018-2020 Business Plan and a condition for the completion of the acquisition of Altamira Asset Management, expected by the end of June 2019.

doValue, formerly doBank, will continue to offer services of financial nature, including Master Servicing and support to UTP management through its subsidiary Italfondiario, regulated under article 106 of the Italian Banking Statute (Testo Unico Bancario).

Following the registration of the provision at the Company Registry of Verona, we will inform of the effectiveness of the modification of the Company's articles of association and the new company name.

***

doBank S.p.A.

doBank, listed on the Electronic Stock Market (Mercato Telematico Azionario) organised and operated by Borsa Italiana S.p.A. since July 2017, is a leader in Italy in the business of managing primarily non-performing loans. With more than 18 years of experience in the sector, the Group is a long-standing partner of leading financial institutions and national and international investors. It had a portfolio of assets under management of €82 billion (in terms of gross book value) at December 31, 2018. Managing all phases of the loan lifecycle with an advanced operational approach and the highest servicer ratings in Europe, in 2018 the Group had gross revenues of about €234 million, with an EBITDA margin of 36% (excluding non-recurring items) and strong cash generation.

Contact information

Image Building

Investor Relations

doBank S.p.A.

doBank S.p.A.

Simona Raffaelli - Emilia Pezzini

Fabio Ruffini

dobank@imagebuilding.it

06 47979154

2

Disclaimer

doBank S.p.A. published this content on 21 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2019 17:54:03 UTC


© Publicnow 2019
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Andrea Mangoni Chief Executive Officer & Director
Manuela Franchi Chief Financial Officer
Giovanni Castellaneta Chairman
Nunzio Guglielmino Independent Director
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