The GROUP RESULTS in the first quarter of the year continued to show good business performance and were positively impacted by a strong increase in recurring revenues (management fees and net interest income) and in performance fees, and by the investments at fair value, which more than recuperated the losses registered in the entire year 2011.
As proof of the aforementioned:
In greater detail, with reference to Banca Mediolanum:
Highlights in particular with respect to Banca Esperia:
With reference to the FOREIGN MARKETS:
In an effort to provide more complete disclosure about the economic results as at March 31, 2012, we have attached a report detailing economic data
reclassified by business division to reflect the criteria used within the
The Officer responsible for preparing Mediolanum S.p.A accounting
documents, Luigi Del Fabbro, declares that, in compliance with the
requirements of the second paragraph of section 154 bis of the Consolidated Finance Act, the financial information contained herein reflects the accounting entries, records and books.
A presentation in English of the information contained herein will be
available at Borsa Italiana.
The Financial Statements as at March 31, 2012 will be made available by the deadlines set by law at the company’s Registered Office in Basiglio - Milano 3, Palazzo Meucci - Via F. Sforza, on the website http://www.mediolanum.com and at Borsa Italiana S.p.A..
The Board of Directors of the Company, upon review of the opinion of the
Compensation Committee, exercising the authorities delegated to them by the ordinary and extraordinary Shareholders’ meetings held on April 27, 2010, subsequently integrated by the Shareholders Meeting resolutions on April 19, 2012 - resolved, inter alia, to:
(i) approve the update of the rules of the stock option plan for the Directors
and Executives of the Company and the Group (‘2010 Top Management
Plan’) and of the stock option plan for the Sales Network members of the
Group (‘2010 Sales Network Plan’) in compliance with the applicable law;
(ii) increase for a consideration the share capital of the company up to
186,405.00 euro, through the issue of up to 1,864,050 shares for the allotment of options under the 2010 Top Management Plan;
(iii) increase for a consideration the share capital of the company up to
70,840.00 euro, through the issue of up to 708,400 shares for the allotment of options under the 2010 Sales Network Plan; and (iv) proceed to the granting of part of the options allotted under the plan – 20 beneficiaries under the Top Management Plan and 136 beneficiaries under the Sales Network plan.
For anything not expressly set out in this press release, including all
information under Annex 3A, Schedule 7 of the Regulation for Issuers,
readers are referred to the relevant disclosures, including tables therein, that
are going to be updated to incorporate today’s resolutions and made available in accordance with the law on the corporate website http://www.mediolanum.com.
Finally, the Board – following the resignation of Mr. Roberto Ruozi, who
fulfilled – among others - the requisites set forth by Sec. 148, para. 3 TUF – verified that Mr. Mario Molteni, Mr. Angelo Renoldi and Ms. Maria Alessandra Zunino de Pignier also fulfill said requisites.
Basiglio - Milano 3 City, May 10, 2012
Tel +39 02 9049 2902
Tel +39 02 9049 2039