The share price

As from 29 November 2004, Banca IFIS S.p.A.’s ordinary shares have been listed on the STAR segment of Borsa Italiana (the Italian stock exchange). The transfer to STAR occurred a year after the listing on the Mercato Telematico Azionario (MTA, an electronic stockmarket) of Borsa Italiana S.p.A.. Previously, as from 1990, the shares had been listed on the Mercato Ristretto (MR, a market for unlisted securities) of Borsa Italiana. The following table shows the share prices at the end of the year. As from 18 June 2012, Banca IFIS joined the Ftse Italia Mid Cap index.

Official share price31.12.201631.12.201531.12.201431.12.201331.12.2012
Share price at period-end26.0028.8313.6912.955.53
 

Price/book value

The following table shows the ratio of the stock market value at period-end to consolidated equity with respect to the shares outstanding.

Price/book value 31.12.2016 31.12.2015 31.12.2014 31.12.2013 31.12.2012
Share price at period-end 26,00 28,83 13,69 12,95 5,53
Consolidated Equity per share 22,81 10,81 8,27 7,21 5,77
Price/book value 1,14 2,67 1,65 1,80 0,96

Outstanding shares 31.12.2016 31.12.2015 31.12.2014 31.12.2013 31.12.2012
Number of shares outstanding at period end (in thousands)(1) 53,431 53,072 52,924 52,728 53,551

(1) Outstanding shares are net of treasury shares held in the portfolio.

 

Earnings per share and Price/Earnings

Here below is the ratio of the consolidated profit for the year to the weighted average of the ordinary shares outstanding at year-end, net of treasury shares in portfolio, as well as the ratio of the year-end price to consolidated earnings per share.

Earnings per share (EPS) 31.12.2016 31.12.2015
Consolidated profit for the period (in thousands of Euro) 687,945 161,966
Consolidated earnings per share 12.94 3.05

Earnings per share and diluted earnings per share 31.12.2016 31.12.2015
Consolidated profit for the period (in thousands of Euro) 687,945 161,966
Average number of outstanding shares 53,153,178 53,034,493
Average number of potentially dilutive shares 9,635 5,787
Average number of diluted shares 53,143,543 53,028,706
Consolidated earnings per share for the period (Units of Euro) 12.94 3.05
Consolidated diluted earnings per share for the period (Units of Euro) 12.95 3.05
 

Shareholders

The share capital of the Parent Company at 31 December 2016 amounted to 53.811.095 Euro and is broken down into 53.811.095 shares with a par value of 1 Euro each.

The following table shows Banca IFIS's shareholders that, either directly or indirectly, own equity instruments with voting rights representing over 2% of Banca IFIS's share capital:     

 

Corporate governance rules

Banca IFIS has adopted the Corporate Governance Code for listed companies.

A Control and Risks Committee, an Appointments Committee, and a Remuneration Committee have been set up within the Bank’s Board of Directors, which has also appointed a Supervisory Board with independent powers of action and control as per Italian Legislative Decree 231/2001.

Internal dealing rules

Banca IFIS S.p.A. has been adopting for some time now a specific Code of Conduct as regards internal dealing. The aim of this Code of Conduct is to make internal regulations and procedures compliant with disclosure requirements concerning any significant transactions carried out by relevant subjects, or parties closely related to them, on financial instruments issued by the company or other related instruments, hence ensuring the transparency and consistency of information disclosed to the market. 

This Code, in addition to identifying the relevant subjects—and defining their conduct and disclosure requirements—and the person responsible for receiving, managing and disseminating information, also forbids said transactions in the 15 days prior to Board of Directors’ Meetings convened to approve financial statements (blackout periods).

This Code of Conduct for internal dealing is available on the Company’s website, www.bancaifis.com, under the ‘Investor Relations’ section.

List of Insiders

In compliance with article 115-bis of Italian Legislative Decree no. 58/1998, Banca IFIS has created a list of individuals who, in performing their professional and work duties or in carrying out their activity, have access to privileged information (the list of insiders). Banca IFIS constantly updates this list.

In addition, the Bank has laid down regulations for the internal management and external dissemination of documents and corporate information.