2016 Financial Statements approved and new BoD appointed

BoD appointed for the three-year period from 2017 to 2019

THE SHAREHOLDERS’ MEETING OF BANCA AKROS (BANCO BPM GROUP) APPROVED THE 2016 FINANCIAL STATEMENTS AND APPOINTED THE BOARD OF DIRECTORS FOR THE THREE-YEAR PERIOD FROM 2017 TO 2019

 

Milan, 16 March 2017 – The Shareholders’ Meeting of Banca Akros, Investment Bank and Private Banking of the Banco BPM Group, held today has:

• approved the financial statements for the 2016 financial year, allocating the result for the year, amounting to €6,046,940, as follows:

– €3,036,403 to dividends (at the rate of €0.077 per share)

– the remaining €3,010,537 to retained earnings

 

• set the number of directors to 11 and appointed the following persons:

– Graziano Tarantini, who was also entrusted with the position of Chairman

– Roberto Fusilli

– Marco Turrina

– Maurizio Faroni

– Luca Manzoni

– Luca Montebugnoli

– Salvatore Poloni

– Pier Francesco Saviotti

– Bruno Siracusano

– Tommaso Zanini

– Giovanna Zanotti

who will remain in office until the Shareholders’ Meeting that will approve the financial statements for the year ending 31 December 2019, determining their compensation

• appointed, until the approval of the financial statements as at 31 December 2018, Anna Maria Sanchirico as standing statutory auditor of the Board of Statutory Auditors and Antonio Assenso as alternate statutory auditor, also determining the compensation due to the Board of Statutory Auditors
• approved, to the extent of its competence, the Remuneration Report of the Banco BPM Banking Group – Year 2017, drawn up pursuant to the Supervisory Provisions of the Bank of Italy (Circular no. 285/2013, 7th update, Part One, Title IV, Chapter 2 “Remuneration and incentive policies and practices”), Article 123-ter, Italian Legislative Decree 58/1998 as amended (“TUF”) and Article 84-quater of the Issuers’ Regulation (Consob resolution no. 11971/1999 as amended), as well as information on the “Criteria for determining the remuneration to be agreed in the event of early termination of employment or early termination of office”, defined in accordance with the aforementioned Supervisory Provisions

The newly appointed Board, which met at the end of the Shareholders’ Meeting, unanimously appointed Roberto Fusilli as Deputy Chairman and Marco Turrina as Chief Executive Officer.