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UniCredit S.p.A. Listing Highlights

UniCredit S.p.A. is listed on regulated stock exchanges in Milan, Frankfurt and Warsaw. Significant volumes of UniCredit S.p.A. shares are traded on alternative platforms and Multilateral Trading Facilities (MTF) to improve market access, among which Turquoise, Chi-X, and BATS

 

 

Stock exchange building of Milan

Milan

 

All UniCredit ordinary shares (International Securities Identification Number - ISIN: IT0005239360) have been approved for trading on the regulated stock exchange in Italy and are listed on the Italian Stock Exchange operated by Borsa Italiana S.p.A. on the Electronic Share Market (Mercato Telematico Azionario - MTA).
UniCredit S.p.A. is part of the FTSE MIB Index (previously S&P MIB from 2/6/2003 to 1/6/2009) which is the primary benchmark Index for the Italian equity markets after the merger between Borsa Italiana and the LSE (London Stock Exchange).


The FTSE MIB Index consists of the 40 most liquid and capitalised stocks listed on Borsa Italiana's (BIt) MTA and MIV markets, selected according to a metric based on size and liquidity. The index is the underlying basket of stocks for IDEM futures, mini-futures and options, as well as ETFs and SEDEX covered warrants and certificates.

 

 

Stock exchange building of Frankfurt

Frankfurt

 

UniCredit ordinary shares began trading in November 2005 on the Official Market (Amtlicher Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse), the biggest regulated stock exchange market in Germany, operated by Deutsche Boerse AG. The main exchange's main index is DAX (Deutsche Aktienindex).

 

 

Stock exchange building of Warsaw

Warsaw

 

UniCredit ordinary shares began trading in December 2007 on the largest stock exchange in Central Eastern Europe, the Warsaw Stock Exchange (Giełda Papier´ow Warto´sciowych w WarszawieSA - GPW).

 

 

Date share capital (€) total shares ordinary shares saving shares
26 Jun 2024 21,367,680,521.48 1,636,976,500 1,636,976,500 0
Following the cancellation of 44,859,171 treasury shares, without reduction of the share capital, pursuant the resolutions passed by Shareholders' Meeting on 12 April 2024, the Bank's share capital amounts to Euro 21,367,680,521.48 divided into 1,636,976,500 ordinary shares with no nominal value.
26 Mar 2024 21,367,680,521.48 1,681,835,671 1,681,835,671 0
Following the cancellation of 37,815,422 treasury shares, without reduction of the share capital, pursuant the resolutions passed by Shareholders' Meeting on 27 October 2023, the Bank's share capital amounts to Euro 21,367,680,521.48 divided into 1,681,835,671 ordinary shares with no nominal value.
20 Feb 2024 21,367,680,521.48 1,719,651,093 1,719,651,093 0
Following the free share capital increase of Euro 89,806,133 - corresponding to nr. 7,227,514 shares - resolved by the Board of Directors on 4 February 2024 by virtue of the powers granted to it pursuant to Art. 2443 of the Civil Code by the Extraordinary Shareholders' Meeting of 11 April 2019, by the Extraordinary Shareholders' Meeting of 9 April 2020, by the Extraordinary Shareholders' Meeting of 15 April 2021 and by the Extraordinary Shareholders' Meeting of 31 March 2023, the Company's share capital amounts to Euro 21,367,680,521.48, divided into 1,719,651,093 shares without nominal value.
16 Jan 2024 21,277,874,388.48
1,712,423,579
1,712,423,579 0
Following the cancellation of 72,239,501 treasury shares, without reduction of the share capital, pursuant the resolutions passed by Shareholders' Meeting on 31 March 2023 and  27 October 2023, the Bank's share capital amounts to Euro 21,277,874,388.48 divided into 1,712,423,579 ordinary shares with no nominal value.
12 Sep 2023 21,277,874,388.48 1,784,663,080 1,784,663,080 0
Following the cancellation of 156,114,828 treasury shares, without reduction of the share capital, pursuant the resolutions passed by Shareholders' Meeting on 31 March 2023, the Bank's share capital amounts to Euro 21,277,874,388.48 divided into 1,784,663,080 ordinary shares with no nominal value.
27 Feb 2023 21,277,874,388.48 1,940,777,908 1,940,777,908 0
Following the capital increase of Euro 57,704,548 corresponding to nr. 5,508,167 ordinary shares issued pursuant the resolution passed by the Board of Directors on 16 February 2023, pursuant to the authorities given by the Extraordinary Shareholders' Meeting on 20 April 2017, the Extraordinary Shareholders' Meeting on 12 April 2018, the Extraordinary Shareholders' Meeting on 11 April 2019, the Extraordinary Shareholders' Meeting on 9 April 2020 and the Extraordinary Shareholders' Meeting on 15 April 2021, the fully subscribed and paid-up share capital of UniCredit S.p.A. currently amounts to Euro 21,277,874,388.48 and is divided into 1,940,777,908 ordinary shares with no nominal value.
14 Dec 2022 21,220,169,840.48 1,935,269,741 1,935,269,741 0
Following the cancellation of 86,949,149 treasury shares, without reduction of the share capital, pursuant the resolutions passed by Extraordinary Shareholders' Meeting on 08 April 2022 and the Extraordinary Shareholders' Meeting on 14 September 2022, the Bank's share capital amounts to Euro 21,220,169,840.48 divided into 1,935,269,741 ordinary shares with no nominal value.
19 Jul 2022 21,220,169,840.48 2,022,218,890 2,022,218,890 0
Following the cancellation of 162,185,721 treasury shares, without reduction of the share capital, pursuant the resolutions passed by Extraordinary Shareholders' Meeting on 08 April 2022, the Bank's share capital amounts to Euro 21,220,169,840.48 divided into 2,022,218,890 ordinary shares with no nominal value.
25 Mar 2022 21,220,169,840.48 2,184,404,611  2,184,404,611  0
Following the capital increase of Euro 86,700,758.00 corresponding to nr. 6,811,312 ordinary shares issued pursuant the resolution passed by the Board of Directors on 15 February 2022, pursuant to the authorities given by the Extraordinary Shareholders’ Meeting on 14 April 2016, the Extraordinary Shareholders’ Meeting on 20 April 2017, the Extraordinary Shareholders’ Meeting on 12 April 2018, the Extraordinary Shareholders’ Meeting on 11 April 2019, the Extraordinary Shareholders’ Meeting on 9 April 2020 and the Extraordinary Shareholders’ Meeting on 15 April 2021, the fully subscribed and paid-up share capital of UniCredit S.p.A. currently amounts to Euro 21,220,169,840.48 and is divided into 2,184,404,611 ordinary shares with no nominal value.
02 Mar 2022 21,133,469,082.48 2,177,593,299 2,177,593,299 0
Following the cancellation of 48,536,221 treasury shares, without reduction of the share capital, pursuant the resolutions passed by Extraordinary Shareholders' Meeting on 15 April 2021, by the Board of Directors on 27 Oct 2021 and by the Chairman on 2 March 2022, the Bank's share capital amounts to Euro 21,133,469,082.48 divided into 2,177,593,299 ordinary shares with no nominal value.
04 Oct 2021 21,133,469,082.48 2,226,129,520 2,226,129,520 0
Following the cancellation of 17,420,888 treasury shares, without reduction of the share capital, pursuant the resolutions passed by Extraordinary Shareholders' Meeting on 15 April 2021, by the Board of Directors on 5 May 2021 and by the Chairman on 4 October 2021, the Bank's share capital amounts to Euro 21,133,469,082.48 divided into 2,226,129,520 ordinary shares with no nominal value.
30 Mar 2021 21,133,469,082.48 2,243,550,408 2,243,550,408 0
Following the capital increase of Euro 73,932,132.00 corresponding to nr. 6,288,605 ordinary shares issued pursuant the resolution passed by the Board of Directors on February, 10th 2021, pursuant to the authorities given by the Extraordinary Shareholders’ Meeting on May, 13th 2015, the Extraordinary Shareholders’ Meeting on April, 14th 2016, the Extraordinary Shareholders’ Meeting on April, 20th 2017, the Extraordinary Shareholders’ Meeting on April, 12th 2018, the Extraordinary Shareholders’ Meeting on April, 11th 2019 and the Extraordinary Shareholders' Meeting on April, 9th 2020, the fully subscribed and paid-up share capital of UniCredit S.p.A. currently amounts to Euro 21,133,469,082.48 and is divided into 2,243,550,408 ordinary shares with no nominal value.

Share information

Further adjusted data of historical share figures are available on:

 

SHARE PRICE

 

  2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Share price (€)                      
- maximum 25.565 15.850 13.576 14.174 13.494 18.212 18.350 25.733 32.824 34.427 28.213
- minimum 13.446 8.021 7.420 6.213 9.190 9.596 12.160 8.785 24.605 25.583 16.227
- average 20.463 11.087 10.088 8.650 11.193 14.635 15.801 13.820 29.509 30.015 22.067
- end of period 24.565 13.272 13.544 7.648 13.020 9.894 15.580 13.701 25.733 26.735 26.961
Number of outstanding shares (million)                      
- at period end 1,712 1,935 2,211 2,237 2,233 2,230 2,226 6,180 5,970 5,866 5,792
- shares cum dividend  1,703 1,926 2,201 2,228 2,224 2,220 2,216 6,084 5,873 5,769 5,695
     of which: savings shares - - - -   - -
0.25 2.52 2.48 2.45 2.42
- average 1,838 2,079 2,231 2,236 2,233 2,229 1,957 6,110 5,927 5,837 5,791
Dividend                      
- total dividends (€ million) - 1,875 1,170 268  - 601 726 - 706 697 570
- dividend per ordinary share - 0.987 0.538 0.120 - 0.270 0.320 - 0.120 0.120 0.100
- dividend per savings share - - - -   - -   -   - 0.120 1.065 0.100

Notes:

Due to extraordinary corporate operations involving the detachment of rights, splitting or grouping of shares, demerger operations as well as distributions of extraordinary dividends, share prices might systematically change being no longer comparable with each other. The historical series of share prices have been therefore adjusted to restore price continuity.

The number of shares, existing at the end of the reference period, is net of treasury shares and included No.9.675.640 of shares held under a contract of usufruct signed with Mediobanca S.p.A. supporting the issuance of convertible securities denominated "Cashes". The shares held under a contract of usufruct are excluded from the shares cum dividend highlighted at the row "shares cum dividend".

With reference to the dividend amount for the year 2023, subject to approval by the Shareholders' Meeting scheduled for 12 April 2024, refer to the paragraph " Capital and value management - Capital ratios" of this Consolidated report on operations.

It's reported below detailed information concerning shares capital changes and dividends pay-out paid during the year 2023.

 

On 27 February 2023 was registered with the Company Register the resolution to increase the share capital for €57,704,548.00 relating to the issue of No.5,508,167 ordinary free shares for the execution of Group Incentive System.

 

On 26 April 2023 was paid the cash dividend approved by shareholders' meeting held on 31 March 2023 for a total consideration of €1,875 million

from allocation of the net profit of the year 2022, equal a dividend of €0.9872 for each share outstanding and entitled to dividend at payment date.

 

On 31 March 2023 the Shareholders' Meeting of the Company approved the share buy-back programme for a total expenditure up to €3,343 million and not exceeding No.230,000,000 of UniCredit shares (the "Buy-Back Programme 2022"), as part of the overall remuneration to shareholders for the financial year 2022. The share buy-back was priorly authorised by ECB on 28 March 2023 and the company decided to execute the purchases in two tranches, respectively for €2,343 million (the "First Tranche of the Buy-Back Programme 2022") and €1,000 million (the "Second Tranche of the Buy-Back Programme 2022"). The first tranche of treasury shares purchases has been launched on 3 April 2023 and completed on 29 June 2023 with the purchase of No.125,036,173 UniCredit ordinary shares, for a total consideration equal to the maximum expenditure authorized (€2,343 million) while the execution of the second tranche was started on 30 June 2023 and completed on 29 September 2023 with the purchase of No.45,138,320 UniCredit ordinary shares for a total consideration equal to the residual available amount authorized (€1,000 million).

 

On 12 September 2023, with a view to submitting for the approval by the shareholders of the Company the launch within the current year of a share buyback programme as part of the distribution for the financial year 2023, the cancellation of the treasury shares in portfolio purchased up to date in execution of the second tranche of the buy-back program 2022 was ordered (No.156,114,828 shares for total consideration of €3,031 million).

 

On 27 October 2023 the Shareholders' Meeting of the Company approved the purchase of treasury shares for a maximum amount of €2.5 billion

and not exceeding No.160,000,000 of UniCredit shares (the "First Tranche of the Buy-Back Programme 2023"). The initiative, previously authorised by the ECB on 26 October 2023, is part of the overall distribution expected for the year 2023, equal to or greater than €6.5 billion announced in the context of the presentation of the results for the first half of 2023 which highlighted a significant organic generation of capital.

The purchase transactions started on 30 October 2023 and it is expected to be completed by the end of the first quarter of 2024.

 

As at 31 December 2023, the treasury shares in portfolio amounted to a total of No.72,239,501 for an amount of €1,727 million, resulting from the

purchases made at the completion of the 2022 Buy-Back Program (No.14,059,665) and from the purchases made for the ongoing 2023 Buy-Back Program (No.58,179,836).

For completeness of information, the above treasury shares outstanding at the end of the year 2023 were canceled on 16 January 2024. 

Earnings ratios

                                                       IAS/IFRS

  2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Shareholders' equity (€ million) 64,079 63,339 61,628 59,507  61,416 55,841 59,331 39,336 50,087 49,390 46,841
Net profit (loss) attributable to the Group (€ million) 9,507 6,458 1,540 (2,785)  3,373 3,892 5,473 (11,790) 1,694 2,008 (13,965)
Shareholders' equity per share (€) 37.42 32.73 27.87 26.60  27.50 25.04 26.65 6.36 8.39 8.42 8.09
Price/Book value  0.66 0.41 0.49 0.29  0.47 0.40 0.58 0.43 0.61 0.63 0.67
Earnings per share (€)  5.105 3.085 0.680 (1.306)  1.462 1.712 2.794 (1.982) 0.27 0.34 (2.47)
Payout ratio (%) - 29.0 76.0 - - 15.4 13.3 -   41.7 34.7 -
Dividend yield on average price per ordinary share (%) - 8.90 5.33 1.39 - 1.84 2.03 -   2.04 2.00 2.27

Notes:

For further details on Earnings per share (EPS) refer to Part C - Section 25 Earnings per share.

For what concern to the amount of dividend related to 2023, subject to the 12 April 2024 General Shareholders Meeting approval, refer to the paragraph "Capital and value management - Capital ratios" of this Consolidated report on operations.

The amounts shown in the table are "historical figures" published in different periods and they should be read taking into account the context of the period at which they refer to. 

 

The net profit for the period used to calculate EPS is reduced for the following amounts related to the cash-out, charged to equity, related to the usufruct contract signed with Mediobanca S.p.A. on UniCredit shares for supporting the issuance of convertible securities denominated "Cashes": €105 million for 2013, €35 million for 2014, €100 million for 2015, €128 million for 2016, €32 million for 2017, €93 million for 2018, €124 million for 2019, €122 million for 2020 and €30 million for 2021, related to the last payment referred to 2019 results, €74 million for 2022, referred to 2021 results, and €175 million for 2023, referred to 2022 results.