July 29 (Reuters) – UniCredit SpA:
* UNICREDIT CAPITAL DISTRIBUTION POLICY TO BE RE-INSTATED FROM 2021
* CONFIRMS IT WILL NOT PAY DIVIDENDS NOR DO SHARE BUYBACKS IN 2020
* WILL ALREADY ACCRUE CASH DIVIDEND FOR FY20 AT A RATE OF 30% OF UNDERLYING NET INCOME1
* DECISION TO EXTENDE DIVIDEND FREEZE IS NEUTRAL FOR COUPON PAYMENTS ON AT1 BOND AND CASHES INSTRUMENTS
* TO TARGET A 30% CASH DIVIDEND PAYOUT OF UNDERLYING NET PROFIT AND 20% FOR SHARE BUYBACK IN 2021 Source text for Eikon: Further company coverage: (Gdansk newsroom)
Our Standards:The Thomson Reuters Trust Principles.
