Mediobanca : BoD approves financial statements as at 30 June 2017

At a Board meeting held today, the Directors of Mediobanca approved the Bank's draft separate and consolidated financial statements as at 30 June 2017, which reflect the results approved by the Board on 3 August 2017 and disclosed to the market the following day. The statements show a net profit of €318.3m for the twelve months earned by Mediobanca S.p.A. (30/6/16: €288m) and a net profit of €750m (€605m) earned by the Mediobanca Group.

As already announced in the press release issued on 3 August 2017, a gross dividend of €0.37 per share will be proposed to shareholders at the annual general meeting due to take place on 28 October 2017. The dividend will be paid on 22 November 2017, with the record date 21 November 2017 and the shares going ex-rights on 20 November 2017.

The Board also appointed Emanuele Flappini as Head of Company Financial Reporting with effect from 30 September 2017, subject to the Statutory Audit Committee's favourable opinion. Emanuele Flappini, aged 44, has worked for Mediobanca since 1998 and is currently head of Accounting and Financial Reporting. Mr Flappini will replace Massimo Bertolini who moves to take up the role of Head of Group Corporate Affairs and Group Treasury. Mr Flappini owns no shares in Mediobanca.