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Notice pursuant to Article 41, paragraph 2, letter c) of Regulation adopted by Consob with resolution no. 11971 of 14 May 1999, as subsequently amended (“Issuers’ Regulation”)
PRESS RELEASE
24 December 2024
PRICE SENSITIVE
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
Voluntary public exchange offer
launched by UniCredit S.p.A.
on all the ordinary shares of Banco BPM S.p.A.
* * *
Notice pursuant to Article 41, paragraph 2, letter c) of Regulation adopted by Consob with resolution
no. 11971 of 14 May 1999, as subsequently amended (“Issuers’ Regulation”)
Milan, 24 December 2024 – With reference to the voluntary public exchange offer launched by UniCredit S.p.A. (the’“Offeror”) on maximum of all the 1,515,182,126 ordinary shares of Banco BPM S.p.A., in relation to Articles 102 and 106, paragraph 4, of Legislative Decree 24 February 1998, no. 58, as subsequently amended, which was communicated on 25 November 2024, pursuant to Article 102, paragraph 1, of the Consolidated Law on Finance (TUF) and Article 37 of the Issuers’ Regulation, and subject of a press release concerning the filing of the offer document with Consob on 13 December 2024, notice is hereby given as regards the following ordinary business of UniCredit Bank Gmbh., an Offeror’s subsidiary, in respect of Banco BPM ordinary shares.
As part of its ordinary trading business, UniCredit Bank Gmbh., as a result of the exercise of American call options, expiring on 20 December 2024 and sold before 25 November 2024, has today settled the following transaction of delivery in respect of Banco BPM ordinary shares (ISIN IT0005218380) that are subject to reporting obligations pursuant to Article 41, paragraph 2, letter c), number 1) of the Issuers’ Regulation:
Date
Transaction mode
Kind of transaction
Number of shares
Currency
Unit price per share
24/12/2024
Option settlement expiry date December 2024 IDEM market
Our physical delivery after option exercise
860,000
EUR
6.80
This notice is also available on the Offeror’s website www.unicreditgroup.eu
* * *
This is to inform that the updated version of the Articles of Association, following the cancellation of treasury shares as communicated in the press release issued on 18 December 2024, has been registered on 19 December 2024 with the Company Register and it is published on the Company website at Articles of Association and Code of Ethics - UniCredit (unicreditgroup.eu), as well as on the website of the authorized storage mechanism "emarket STORAGE" managed by Teleborsa S.r.l. (www.emarketstorage.it/en) and it is available to shareholders at the Company's Registered Office in Milan.
Milan, 23 December 2024
Enquiries:
Media Relations: e-mail: MediaRelations@unicredit.eu
Investor Relations: e-mail: InvestorRelations@unicredit.eu
UniCredit Foundation Reinforces Commitment to Young Talent with Over €4 Million in Scholarships and Research Opportunities for 2024
PRESS RELEASE
19 December 2024
UniCredit Foundation proudly reaffirms its dedication to nurturing young talent and fostering academic excellence by launching a new tranche of scholarships and research opportunities, bringing its educational financing to over €4 million in 2024.
Building on successful initiatives from earlier in the year, this substantial investment — valued at €1.4 million — is the latest to be delivered as part of our Foundation's 2024 strategy, which committed to investing a total of €30 million to tackle educational poverty in UniCredit's communities across Europe.
The investment reaffirms the UniCredit Foundation's role as a vital bridge between academia and opportunities for education and growth, particularly in the fields of economics, finance, and multidisciplinary studies on educational topics.
This new tranche will provide funding through three competitions and two academic collaborations, encompassing 37 merit-based scholarships and research grants, alongside three specific research projects focused on educational themes. These opportunities are designed for recent graduates and researchers across Europe, with a dual purpose: to support students specializing abroad at prestigious universities and to promote 'brain gain' by enabling them to contribute to sustainable economic growth in the countries where UniCredit operates.
Scholarships and Research Opportunities Launching in December 2024:
Research Grants:
1st Multidisciplinary Education Research Grant: This grant supports one multidisciplinary research project aimed at enhancing education in UniCredit’s core regions, with total funding of €250,000. Applications are open until March 31, 2025.
3rd Education Research Grant: This grant will fund two economic research projects focused on improving educational outcomes, offering a total of €400,000. Submissions will be accepted until April 1, 2025.
3rd Marco Fanno PhD Research Grant: Open until March 15, 2025, this encompasses two research grants totaling €80,000 for leading Italian university departments in economics or finance.
15th Best Paper Award on Gender Economics: This competition invites young economists and researchers from UniCredit’s core regions to submit research papers focused on gender economics and education until May 15 2025, with €5,000 awarded to the two best papers.
Academic Collaborations:
15th Master Scholarship Program: This program offers eight one-year master’s scholarships in economics or finance at top European universities, such as Bocconi University, London School of Economics, and Oxford University, with total funding of €300,000.
14th US PhD Giovannini Scholarship: Supporting five two-year PhD scholarships at prestigious U.S. universities, including Harvard, MIT, and Stanford, this initiative provides a total of €325,000 in funding for aspiring scholars.
Employee Initiatives:
11th Summer School Scholarships: Offering twenty scholarships for UniCredit employees to attend summer courses in economics, finance, banking, management engineering, political science, law, and related fields at prestigious institutions, such as the Barcelona School of Economics and the London School of Economics and Political Science. The total funding of €70,000 is available, with applications open until March 15, 2025.
All proposals are available on UniCredit Foundation website.
“Education is one of the most powerful tools for self-development and is fundamental to helping people achieve their ambitions. The UniCredit Foundation is proud to be empowering young people by supporting their journeys from school to university and employment, so they can give back to their communities using the skills and knowledge they have acquired. This unprecedented investment of over €4 million in one year alone is enabling the UniCredit Foundation supports the progress of Europe by empowering its next generation, building a better tomorrow for all”, said Andrea Orcel, CEO of UniCredit and Chairman of UniCredit Foundation.
By leveraging partnerships with more than 50 esteemed universities and a robust academic network developed over two decades, UniCredit Foundation is dedicated to nurturing Europe’s brightest talents. To date, the Foundation has positively impacted over 10,000 young people across the continent, delivering effective solutions to today’s educational and social challenges.
Milan, 19 December 12024
Contacts
Media Relations
E mail: mediarelations@unicredit.eu
Composition of share capital following cancellation of treasury shares
PRESS RELEASE
18 December 2024
UniCredit announces that the cancellation of No. 85,556,650 treasury shares, without reduction of the share capital, was ordered today in execution of the resolution passed by the Shareholders' Meeting on 12 April 2024.
The number of cancelled shares is equal to the sum of the shares purchased in execution of the “Third Tranche of the 2023 Buy-Back Program” which was completed on 19 August 2024, and not previously cancelled, and the shares purchased in execution of the “2024 SBB Anticipation”, which was completed on 14 November 2024.
The Bank's share capital, which amounts to € 21,367,680,521.48, is now divided into No. 1,551,419,850 shares with no nominal value.
The notarial deed of cancellation of such treasury shares has been filed today with the Company Register.
Below is the change in the number of UniCredit shares as a result of the cancellation:
UniCredit enters into additional instruments relating to Commerzbank shares and increases aggregate position to ca. 28%
PRESS RELEASE
18 December 2024
PRICE SENSITIVE
Today UniCredit has entered into new financial instruments relating to Commerzbank shares, in line with its previously stated ambition to reach a 29.9% stake.
UniCredit’s overall position now totals circa 28%, of which 9.5% through a direct stake and circa 18.5% through derivative instruments.
UniCredit has submitted the necessary regulatory filings to acquire a stake in Commerzbank in excess of 10% up to 29.9%. The authorization process is now activated, and interactions with authorities ongoing.
UniCredit’s average entry price for the entire position is below current trading levels and fulfills the full financial metrics that we have committed to our shareholders to abide by.
UniCredit’s economic exposure is almost fully hedged, displaying prudency in approach and providing full flexibility and optionality.
This move reinforces UniCredit’s view that substantial value exists within Commerzbank that needs to be crystalized. It reflects the belief in Germany, its businesses and its communities, and the importance of a strong banking sector in powering Germany’s economic development.
The position remains at this time solely an investment and does not have any impact on the public exchange offer with Banco BPM.
The primary focus for UniCredit’s management team remains on the continued execution of UniCredit Unlocked and the delivery of sustainable profitable growth and distributions for shareholders. Indeed, this is where UniCredit continues to believe it can extract the most value for all its stakeholders.
Milan, 18 December 2024
Contacts
Media Relations: e-mail MediaRelations@unicredit.eu
Investor Relations: e-mail InvestorRelations@unicredit.eu
One UniCredit is our Group digital magazine where we showcase stories and insights from across our geographies in Italy, Germany, Central & Eastern Europe.
One UniCredit is where our people, clients and stakeholders can engage with us to discover the bank's commitments and corporate values.
Revitalising Europe: Uniting for Growth and Competitiveness
Friday 20 December 2024
In this op-ed, Andrea Orcel, CEO of UniCredit, underscores the urgent need for renewed unity and bold action to bolster Europe’s economic foundation. It’s a call to action for policymakers and businesses to transform shared ambitions into tangible progress for a stronger, more resilient Europe.
UniCredit Foundation Provides Landmark Funding for New Scholarships and Research Opportunities
Thursday 19 December 2024
UniCredit Foundation is excited to announce the launch of its latest scholarships and research grants, aimed at nurturing young talent and promoting academic excellence throughout Europe.
One Student at a Time. A series by UniCredit Foundation
Wednesday 18 December 2024
UniCredit Foundation has renewed its commitment to education with a clear mission: to create a more equitable and inclusive future, one student at a time.
UniCredit’s second annual ESG Day brought colleagues from across Europe together. How do we, as a pan-European bank, confront the world’s greatest challenges?
We’re excited for you to meet our UniCredit Storytellers giving you a glimpse into what it’s like to work at our Bank, what attracts and motivates our People about UniCredit and how we Unlock a better tomorrow together!
Connecting Communities Through Running: A Journey of Solidarity and Inclusion
Thursday 12 December 2024
In the last months of 2024, our colleagues embraced running not only as a sport but as a vehicle for community support, environmental sustainability, and social inclusion. From Palermo to Banja Luka, Verona to Prague, the spirit of teamwork and shared values united us all. Each race highlighted unique local causes while connecting us with a common purpose: making a positive impact through collective effort. Let’s take a closer look at four standout events.
UniCredit Named Global Bank of the Year 2024 for the Second Year in a Row
Thursday 05 December 2024
We have been awarded the prestigious title of Global Bank of the Year 2024 by FT's The Banker, marking our second consecutive year of this honor. In addition to being recognised as Bank of the Year in Europe and Italy, we also received accolades as Bank of the Year in Croatia and Bosnia Herzegovina.
Milano Music Week: 300 Events to Celebrate Music, Inclusivity and Innovation
Wednesday 04 December 2024
Live concerts, workshops, DJ sets, talks and a contest for emerging talents: this and much more brought the 2024 Milano Music Week to life, a week entirely dedicated to music and its universe in this hectic city. UniCredit and UniCredit Allianz Vita, as Main Sponsors, renewed their support for this major event, reaffirming their commitment to promoting art and culture.