Banco BPM Stock, Shareholder Base and Dividends

BANCO BPM SHAREHOLDER BASE

The share capital subscribed and paid in amounts to 7,100,000,000.00 euro.
The share capital is divided into 1,515,182,126 ordinary shares without par value.

The major holdings in the share capital of Banco BPM, on the basis of the declarations made by law, is indicated here below. Please see the following section for information on investors of Banco BPM who have adhered to a Consultation Agreement.

Shareholder% stake
Crédit Agricole SA19,18%
Capital Research and Management Company 14.99%

Notes:

1. Major shareholding pursuant to Art. 120 of Law Decree 58/98. Source: Consob website – Listed Companies (consob.it).

As a supplement, based on the data available to the Bank, it is noted that Capital Research and Management Company has not attended the Bank’s AGMs held in 2022 and 2021.

Last update: 19 April 2022

CONSULTATION AGREEMENTS

Updated essential information on the Consultation Agreement, which was signed on 21 December 2020, updated as at 20 July 2021, and which regroups 6.17% of Banco BPM’s share capital, can be found here below.

CONSULTATION AGREEMENTS – HISTORY

Please see here below the essential information on the Consultation Agreement, which was signed on 18 January 2021 and updated as at 21 July 2021; this agreement, which had regrouped 4.694% of Banco BPM’s share capital, was terminated on 1 November 2021.

DIVIDENDS

DIVIDENDS – FY 2021

On 8 February 2022, Banco BPM’s Board of Directors decided to propose, at the Shareholders’ Meeting of 7 April 2022, the distribution of a cash dividend per share of € 0.19, before withholding taxes, for each of the no.1,515,182,126 ordinary shares, for a total amount of € 287.9 million, corresponding to a dividend payout ratio of 50%. Having been approved by the Shareholders at the General Meeting, the distribution, which was subject to the ordinary tax regime for the distribution of dividends, took place on 21 April 2022 (payment date), with ex-date on 19 April 2022 and record date on 20 April 2022.

DIVIDENDS – FY 2020

On 9 February 2021, Banco BPM’s Board of Directors, in compliance with the European Central Bank recommendation of 15 December 2020 in force until 30 September 2021, decided to propose, at the Shareholders’ Meeting of 15 April 2021, the distribution of a cash dividend per share of € 0.06, before withholding taxes, for each of the no. 1,515,182,126 ordinary shares, for a total amount of € 90.9 million. Having been approved by the Shareholders at the General Meeting, the distribution, which was subject to the ordinary tax regime for the distribution of dividends, took place on 21 April 2021 (payment date), with ex-date on 19 April 2021 and record date on 20 April 2021.

DIVIDENDS – FY 2019

On March 31, 2020, the Board of Directors of Banco BPM resolved not to submit, at the Shareholders’ Meeting of April 4, 2020, item no. 2 of the agenda (Resolutions on profit allocation and distribution); this in order to implement the indications provided by the European Central Bank with the communication of 27 March 2020, regarding the distribution of dividends during the Covid-19 pandemic. The net income posted in the annual report of the Parent company Banco BPM at 31 December 2019, after deducting the amount allocated to retained earnings, was therefore set aside in the Bank’s shareholder’s equity, designated as a reserve available for distribution.