Banco BPM has purchased treasury shares for EUR30 million

(Alliance News) - Banco BPM Spa on Monday informed that it purchased - in the period from June 19 to June 24 - more than 4.9 million of its own shares, equal to

0.32 percent of the outstanding ordinary shares.

The average unit price was EUR6.108327, for a total countervalue of approximately EUR30 million.

Banco BPM then announced that it had concluded the first tranche of share buyback under the program and taking into account the other shares

treasury shares already in the portfolio, it directly owns more than 12.4 million treasury shares, or 0.82 percent of the share capital.

Banco BPM closed Monday's session in the green by 2.2 percent at EUR6.20 per share.

By Maurizio Carta, Alliance News reporter

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