INTESA SANPAOLO COMMUNICATES RESULTS OF THE FIRST DAYS OF OWN ORDINARY SHARE PURCHASE PROGRAMME TO SERVE THE SHARE SWAP FOR ACQUISITION OF CONTROL OF CARIFIRENZE
Torino, Milano, 8 October 2007 – Last Friday, 5 October 2007, Intesa Sanpaolo concluded the first three days of its purchase programme of own ordinary shares to serve the share swap for acquisition of control of Carifirenze. The programme had been authorised by shareholders at their meeting held on 2 October 2007 and disclosed in the press release of the same day. Details of purchases made are provided below, pursuant to art. 144 bis of Consob Resolution 11971/99 (“Regolamento Emittenti”, Issuer Regulations).
From 3 October 2007, the starting date of the programme, to 5 October 2007 Intesa Sanpaolo totally purchased 44,929,975 Intesa Sanpaolo ordinary shares (approximately 0.38% of the ordinary share capital), for an overall countervalue of 251,563,266.01 euro through Banca IMI, responsible for the programme execution.
Purchase transactions were carried out in compliance with provisions set forth in articles 2357 and following of the Italian Civil Code and within the limits determined in the shareholders’ resolution. Pursuant to art. 132 of Consolidated Law on Finance (TUF) and art. 144 bis of the “Regolamento Emittenti”, the purchases were carried out on regulated markets according to the operating methods set forth in the regulations providing for the organisation and management of such markets. Moreover, the purchases were carried out in daily volumes not exceeding 25% of the average daily volume of the Intesa Sanpaolo ordinary shares traded in the month preceding the disclosure of the programme to the market (the daily average in September 2007 was 72.3 million shares), as set forth by Regulation EC n. 2273/2003.
Share purchases are detailed in the enclosure and summarised in the table below:
date |
number of ordinary |
average purchase |
countervalue (€) |
3 October 2007 |
15,300,000 |
5.5466 |
84,863,576.38 |
4 October 2007 |
18,079,975 |
5.6212 |
101,631,028.71 |
5 October 2007 |
11,550,000 |
5.6337 |
65,068,660.93 |
Total for the period |
44,929,975 |
5.5990 |
251,563,266.01 |
Investor Relations
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investor.relations@intesasanpaolo.com
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Last updated 8 October 2007 at 18:38
