Mestre (Venice), 17th March 2025 – With reference to the voluntary tender and exchange offer (the “Offer”) over all the ordinary shares of illimity Bank S.p.A. (“illimity”) announced to the public on 8 January 2025 by Banca Ifis S.p.A. (“Banca Ifis”) through the communication pursuant to Article 102, paragraph 1, of Legislative Decree 24 February 1998, no. 58, and Article 37 of the Issuers’ Regulations (“Offeror’s Communication”), Banca Ifis hereby announces that, on 14 march 2025, the Presidency of the Council of Ministers (Presidenza del Consiglio dei Ministri) transmitted to Banca Ifis the resolution pursuant to which the proposal of the Ministry of Economy and Finance (Ministero dell’Economia e delle Finanze) not to exercise the special powers pursuant to the so-called golden power laws with respect to the acquisition by Banca Ifis, through the Offer, of the entire share capital of illimity has been accepted.
In light of the foregoing, Banca Ifis hereby announces that the condition to the effectiveness of the Offer set forth under paragraph 3.4, point (ii), of the Offeror’s Communication has been fulfilled.
For any further information regarding the Offer – pending the publication of the offer document, which was filed with CONSOB on 27 January 2025 – reference is made to the Offeror’s Communication published on Banca Ifis’ website, at www.bancaifis.it, which sets forth the legal requirements, the terms, conditions and essential elements of the Offer.
