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UNCFF Unicredito SPA (PK)

38.26
1.41 (3.84%)
Last Updated: 18:05:19
Delayed by 15 minutes
Share Name Share Symbol Market Type
Unicredito SPA (PK) USOTC:UNCFF OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.41 3.84% 38.26 37.13 38.26 38.26 37.3425 37.3425 1,168 18:05:19

Unicredit Shares Rise After EUR2.5 Billion Buyback Plan Disclosed

20/09/2023 10:45am

Dow Jones News


Unicredito (PK) (USOTC:UNCFF)
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By Pierre Bertrand

 

Shares of Unicredit rose Wednesday after the Italian bank said it intends to buy back 2.5 billion euro ($2.67 billion) worth of its shares as part of its 2023 buyback program.

At 0904 GMT shares traded 3.9% higher to EUR22.93.

The start of the buyback is dependent on shareholder approval and an extraordinary meeting will take place on Oct. 27 to go over the plan, it said. The bank added it will also require supervisory approval.

Its total distribution target is set at a minimum of EUR6.5 billion for the year, compared with EUR5.25 billion in 2022, corresponding to a total yield of more than 16%, it said.

 

Write to Pierre Bertrand at pierre.bertrand@wsj.com

 

(END) Dow Jones Newswires

September 20, 2023 05:30 ET (09:30 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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