Draft Amendments to the Articles of Association

At today's meeting, the Board of Directors of Banca popolare dell’Emilia Romagna approved a draft of amendments to the Articles of Association to be submitted to the annual Shareholders' Meeting, which will presumably be held in April.

The new wording is, for the most part, needed to reflect regulatory changes in the Articles of Association including, above all, the provision on gender balance in the composition of corporate bodies introduced into Legislative Decree 58 of 24 February 1998 (CFA) by Law 120 of 12 July 2011.

The proposed amendments also envisage the introduction of certain refinements and changes, mostly of a formal nature, with the scope to improving organisational efficiency and the clarity and precision of the Articles of Association.

The draft amendments to the Articles of Association, as approved by the Board of Directors, will be submitted to the supervisory assessment of the Bank of Italy in accordance with current regulations.