The Shareholders’ Meeting of Unicredit shareholders He closed with the approval of all the agenda points of the day, both in ordinary and extraordinary session. In particular, the proposal for the attribution to the Board of Directors of the delegation was approved increase the share capital at the service of the public exchange offer (OPS) Totalitarian volunteer on the ordinary Banco Bpm shares with 99.88% of the votes in favor. Among the salient votes, the report on 2025 group policy in the field of remuneration It has been approved with favorable votes equal to 66.5% of the share capital present, a share significantly less than almost 88% of the share capital present and having the right to the vote last year.
Commerzbank chapter
In the operation Commerzbank“We used the excess capitalwe invested, we spent money to cover it. So, when we we wanted to get out of itwe would bring home the capital that we put more about it a profit. So from the point of view of our investors, we increased – in the event that we did not proceed – the excess capital we have inside, “he explained Andrea OrcelCEO of Unicredit, responding to the question of a small shareholder during the assembly.
“There share in Commerzbank the double is worth From what we purchased it, but if I do covers I do not take the whole amount of the appreciation – he added – therefore, on the one hand things went well, but if we had not done the covers we would have earned more. If things were to go less well or we should go out, we have guaranteed shareholders to have no negative effects. Indeed, to have a positive effect anyway ”.
Increase in OPS service on Banco BPM
The Assembly approved the proposed attribution to the Board of Directors of increase the share capital (with emission of a maximum number of 278.0001 ordinary shares) at the service of the public exchange of exchange (OPS) totalitarian volunteer on the ordinary actions of Banco BPM. In particular, of 67.4% of the share capital present at the assembly at the time of the vote, i votes favorable they settled 99.88%, The opposites to 0.03% and abstained to 0.09%. Speaking before the vote, Orcel had highlighted “unparalleled profitable organic growth” of Unicredit, supporting the possibility of strengthening it with an acquisition “but only if done in terms consistent with the respective contribution of value of the two banks. Any operation will be done only for our rigorous conditions, guaranteeing incremental value for you, our shareholders”.
Remuneration policy
The UniCredit shareholders’ meeting has also approved the report on 2025 policy of groups on remuneration with favorable votes equal to 66.5% of the capital Social present (contrary to 33.3%, abstained to 0.09%). These are percentages on the shareholders present, which represent about 67% of the capital. Last year he voted in favorablely almost 88% of the share capital present and having the right to vote. The report on the fees paid was approved with 65.6% of the votes in favor (against 34.3%, abstained 0.09%), against 88% of last year. The Group incentive system 2025 was approved with the 74.5% of votes favorable (contrary 25.5%, abstained 0.01%), against 98%of last year.
