Illimity Bank S p A : ESOP 2021 share capital increase
June 09, 2021 at 09:53 am EDT
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A SHARE CAPITAL INCREASE WAS APPROVED FOR THE
"EMPLOYEE STOCK OWNERSHIP PLAN - ESOP"
Milan, 9 June 2021 - It is hereby disclosed that today illimity's Board of Directors approved a share capital increase for the "Employee Stock Ownership Plan - ESOP" for the year 202 for a total of EUR 78,542.13, corresponding to 120,515 ordinary shares, thereby partially implementing the powers under article 5, paragraph 4, of the company's Bylaws granting it mandate for such purpose. The share capital increase results in dilution of 0.16%.
Press & Communication illimity Isabella Falautano, Francesca D'Amico +39.340.1989762press@illimity.com
Sara Balzarotti, Ad Hoc Communication Advisors +39.335.1415584sara.balzarotti@ahca.it
illimity Bank S.p.A.
illimity is the high-tech banking group founded and headed by Corrado Passera that was created with the aim of responding to specific market needs by way of an innovative and specialist business model. More specifically, illimity extends financing to high-potential SMEs, purchases distressed corporate loans and services these through its platform, neprix, and provides digital direct banking services through illimitybank.com. illimity SGR, which sets up and manages alternative investment funds, the first of which dedicated to UTP loans, is also a member of the illimity Group. The story of illimity began in January 2018 with the launch of the special purpose acquisition company SPAXS S.p.A., which ended with a record 600 million euro being raised on the market. SPAXS subsequently acquired Banca Interprovinciale S.p.A., with the resulting merger between the two giving rise to "illimity Bank S.p.A." which has been listed on the Italian Stock Exchange since 5 March 2019 (ticker "ILTY"), first on the MTA exchange and since September 2020 on the Star segment. The banking group, headquartered in Milan, can already count on over 600 employees and ended 2020 with assets exceeding 4 billion euro.
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illimity Bank 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 13:52:10 UTC.
illimity Bank SpA is an Italy-based bank, which operates also under the brand Banca Interprovinciale. The Bank provides products and services through three segments: Small and Medium Enterprises (SME), Corporate Non Performing Loans (NPLs) and Individuals and Families. The SME segment aims at Italian small and medium-sized enterprises characterized by limited access to credit providing factoring and services for both performing and non-performing companies. The Corporate NPLs segment operates by acquiring portfolios or funding the acquisition thereof by other investors, or directly managing the loans. The Individuals and Families segment covers a range of direct banking services, such as current accounts, debit and credit cards and advanced payment systems, deposit account, loans, mortgages and insurance, among others. The Bank is active locally.