(Alliance News) - Mediobanca Spa announced Wednesday that the board of directors' list for board renewal has been approved, proposing half of the current board for re-election.

There is Alberto Nagel, current leader of the bank's management, as well as Renato Pagliaro and Francesco Saverio Vinci, while the rest are independents: Laura Cioli, Valérie Hortefeux, Laura Penna, Vittorio Pignatti Morano, Angel Vilà Boix, Virginie Banet, Marco Giorgino, Mana Abedi, Maxiimo Ibarra, Simonetta Iarlori, Mimi Kung, and Stefano Parisse.

"For more than half, the slate is made up of outgoing directors in order to ensure stability and effectiveness in corporate management, particularly for the implementation of the 2023-2026 plan approved last May, and in the activity of the endoconsiliar committees," the bank said.

In addition, the board approved the draft financial statements for the year to June 30, 2023, which coincides with what was made public last July 27: net income of EUR1.03 billion from EUR907 million in FY 2021-22 for the group and EUR606.5 million for the parent company Mediobanca from EUR513.1 million a year earlier.

At the October 28 shareholders' meeting, a gross dividend of EUR0.85 per share will be proposed. The amount will be payable from Nov. 22, with record date on Nov. 21 and ex-dividend date on Nov. 20.

Mediobanca's stock closed Wednesday up 0.9 percent at EUR12.41 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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