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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Unicredit Spa | BIT:UCG | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.645 | 1.89% | 34.84 | 34.755 | 34.88 | 34.845 | 34.145 | 34.21 | 4,999,069 | 17:00:00 |
From May 2019 to May 2024
By Olivia Bugault
UniCredit SpA said Sunday that it has withdrawn its 2019 dividend proposal as recommended by the European Central Bank, while also postponing its share-buyback program.
The Italian bank had previously announced a dividend of 0.63 euros a share ($0.70) from profit reserves and the launch of a share buyback of up to EUR467 million.
The decision to postpone both resolutions planned for the annual general meeting on April 9 "was taken following the ECB's recommendation on March 27 to not pay dividends until at least October 2020," it said. As a consequence of the ECB recommendation, Unicredit has also canceled its share buyback, it added.
Unicredit said it is offering to shareholders of the territorial foundations--that are also shareholders of the bank--interest-free loans up to the amount of dividends.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
March 30, 2020 01:22 ET (05:22 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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