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Illimity Bank: share capital increased have been approved to service the plans for the benefit of employees

The Board of Directors of illimity Bank S.p.A. has approved the share capital increase to serve the incentive plan “Employee Stock Ownership Plan – ESOP” (for fiscal year 2023) for a total amount of 156,724.73 euro, corresponding to no.
240,486 ordinary shares, thereby partially implementing the powers granted by the Shareholders’
Meeting of 18 January 2019, set forth under article 5, paragraph 3, of the company’s Bylaws in
force.
The Board of Directors has also resolved to use the powers granted by the same Shareholders’
Meeting of 18 January 2019, set forth under article 5, paragraph 4, of the company’s Bylaws in
force, to the benefit of the employees of illimity Group who are beneficiaries of the MBO plan and
of possible severance payments, granting the Chief Executive Officer the powers to duly execute
the share capital increase, issuing a maximum of no. 102,168 new ordinary shares.
Given the current outstanding share capital, issuing all the aforementioned new ordinary shares
will result in an overall dilution of approx. 0.41%. In this regard, reference is made to the
communications of changes in share capital that shall be issued following the actual issue of new shares.

Source: illimity

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Managing Director of Credit Village, Roberto Sergio has more than 20 years of experience in NPL and distressed debt in the Italian and International market. He is the editor of the NPL column in Credit Village Magazine and the director of Credit Village's National NPL Market Observatory.

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