Communication pursuant to art. 144-bis of CONSOB resolution no. 11971/1999
24 October 2011 - 18:03
Assicurazioni Generali said – pursuant to art. 144-bis of CONSOB resolution no. 11971/1999 (“Issuers Regulation”) – that its share-buyback program expiring today, which was authorised by the shareholders' meeting of 24 April 2010 to service the Long-Term Incentives Plan (“LTIP”) for Generali Group management, has ended with no purchases on the market. The shareholders’ resolution provided for the possibility for shares to be bought back over the subsequent 18 months, for distribution to the beneficiaries in 2016.
Given that, in light of the high volatility on the financial markets, the method used to determine the number of shares to be granted makes estimation of the quantity of share purchases difficult, the company decided it would not proceed with the share buybacks now.