The Ordinary Shareholders’ Meeting of Banca IFIS S.p.A., which met today under the chairmanship of Sebastien Egon Furstenberg:
· approved the Annual Report for the 2011 financial period – the results of which were released on 22nd March 2012 – and the distribution of the net profit of Euro 23,260,397.21 subdivided as follows: a) to the Shareholders, a cash dividend of Euro 0.25, before any withholdings required by law, for each ordinary share in circulation as of the ex-dividend date. The dividend includes the portion attributable to the treasury shares held by the Bank as of the same date;; b) to other reserves for the remaining amount.The dividend will be paid as from 10th May 2012, subject to dividend no. 15 to the Shareholders registered on 7th May 2011. Payment will be made through the authorized intermediaries with whom the shares are registered in the Monte Titoli System;; · renewed the authorisation – subject to revocation of the previous one – for the purchase of ordinary treasury shares for a maximum period of 18 months as from the date of the Shareholders’ Meeting’s resolution concerning purchases and sales, carried out exclusively through negotiations on the Market on which ordinary Banca IFIS shares are registered, according to methods that allow equal treatment of the shareholders. The operations may be made to encourage the regular progress of negotiations, avoid price changes that are not in line with the market trend and ensure suitable support to market liquidity. Purchases can be made, even on multiple occasions for a maximum number that does not exceed one fifth of the share capital, at a price included between a minimum of Euro 2 and a maximum of Euro 20 per share. The “Reserve for the purchase of treasury shares”, unavailable and referred to in art. 2357-ter of the Italian Civil Code, will be established subsequently and in connection with the amounts of purchases made, using the “Reserve for the future purchase of treasury shares”. All or part of the treasury shares held by the Bank may be sold, even on multiple occasions, at a price that is at least 80% of the reference price posted in the Market session prior to the date on which the sale is made;;· acknowledged the report on the implementation of the remuneration policies during the course of the 2011 financial period and approved the contents of Section I of the document “Report on remuneration” prepared pursuant to Art. 123–ter of the Italian Consolidated Law on Finance (TUF), including for the purpose of adjusting the remuneration policies of the Banca IFIS Banking Group for 2012. In an extraordinary session, the Shareholders’ Meeting: · approved the changes made to the Articles of Incorporation, in compliance with the provisions introduced on the subject of the rights of shareholders of listed companies.During the Meeting, the management commented on the performance of the first months of 2012, especially positive in terms of both the contribution of the core business and the profitability resulting from the recently acquired bonds portfolio. The first quarter’s performance, as well as the performance of the entire period, will be particularly positive thanks to the loans made to Italy’s real economy and thanks to the interests earned on government bonds, whose effect will make the bank increasingly solid in terms of equity.