Brief: Bank Of Italy Orders Bank Not To Approve Nor Distribute Dividends, Variable Pay Packages Until Re-Examination

Banca Sistema

23/12/2024 07:31

Banca Sistema  BSTA.MI :
    * SAID ON FRIDAY IT RECEIVED BANK OF ITALY'S INSPECTION
REPORT
OVER COMPANY ACTIONS DURING JULY-OCT 2024
    * BANK OF ITALY ORDERED BANCA SISTEMA NOT TO APPROVE NOR
DISTRIBUTE DIVIDENDS, VARIABLE PAY PACKAGES RELATED TO 2024
FINANCIAL YEAR UNTIL RE-EXAMINATION
    * BANCA SISTEMA APPOINTED TWO INDEPENDENT DIRECTORS TO
OVERSEE
CHANGES IN GOVERNANCE BEHAVIOUR AFTER BANK OF ITALY DEMANDED
ADOPTION OF NEW RULES TO REMOVE GOVERNANCE SHORTCOMING

        
 
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