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UniCredit has approved a capital increase linked to the Group Long Term Incentive Plan 2008

 

 

New Committee appointments


UniCredit Board of Directors has approved a capital increase linked to the Group Long Term Incentive Plan 2008 (the "Plan") for a selected group of key people.

The Plan provides for the allocation to 1,192 selected key managers and employees of the Group of 78,195,846 stock options and the promise to grant 18,785,807 performance shares, conditional upon achieving a mix of external and internal performance targets set at Group level in the Strategic Plan.

The Plan is designed to support the achievement of the Group's strategic objectives, the growth in UniCredit share-price in line with Shareholders expectations and the retention of Key Talents strategic for its success.

UniCredit Board of Director also resolved on the appointment of Mrs Marianna Li Calzi - recently appointed as Director by the shareholders' meeting of the company held on May 8, 2008 - as member of the Internal Controls & Risks Committee instead of the Deputy Chairman Mr. Berardino Libonati, who joins the Remuneration Committee.



Vienna, 26th June 2008

Enquiries:

Media Relations: Tel. +39 02 88622612;
e-mail: MediaRelations@unicreditgroup.eu
Investor Relations: Tel. +39 02 88628715;
e-mail: InvestorRelations@unicreditgroup.eu