BPER's draft separate and consolidated financial statements for 2015 approved

BPER Group’s preliminary 2015 separate and consolidated results confirmed, as already approved and announced on 11 February 2016

Proposal of dividend of Euro 10 cents per share confirmed

The Board of Directors of Banca popolare dell'Emilia Romagna today reviewed and approved the draft separate financial statements of the Bank and the consolidated financial statements of the Group at 31 December 2015, fully confirming the preliminary results already analysed and approved on 11 February 2016.

The Board also approved the proposed allocation of the profit made by the Bank for an amount of Euro 161,962,354.43, with the distribution of a cash dividend of Euro 0.10 for each of the 481,308,435 shares representing the share capital (net of those held in portfolio at the ex-dividend date: 455,458 at 31 December 2015), for a total of Euro 48,130,843.50, i.e. a pay-out ratio of 30%. The portion that goes to increase equity therefore comes to Euro 113,831,510.93.

Payment of the dividend, which will be submitted to the Shareholders' Meeting for approval, is scheduled from 25 May 2016 onwards, according to the calendar of Borsa Italiana S.p.A. As regards its market price, BPER's stock will go ex-coupon on Monday, 23 May 2016, while the record date is scheduled for Tuesday, 24 May 2016.  

The Board of Directors of the Bank today decided to convene the Extraordinary and Ordinary Shareholders' Meeting on 15 April 2016 at 9:00 a.m. at first calling, at the premises of "Modena Fiere", in Modena, main entrance on Viale Virgilio, and on Saturday, 16 April 2016 at second calling, at the same time and place. The notice of calling will be published in accordance with the law.

Today, the Board of Directors of Banca popolare dell'Emilia Romagna also examined and approved the Report on corporate governance and ownership structure as per art. 123-bis of Legislative Decree 58 dated 24 February 1998.