Linea Directa Aseguradora SA (XMAD:LDA)

€ 1.18 -0.004 (-0.34%) Market Cap: 1.28 Bil Enterprise Value: 1.23 Bil PE Ratio: 39.47 PB Ratio: 3.77 GF Score: 54/100

Bankinter SA Linea Directa Transaction Update Call Transcript
Mar 23, 2021

Bankinter SA Linea Directa Transaction Update Call Transcript

Mar 23, 2021 / 09:00AM GMT

Transcript

David LÃ³pez Finistrosa

Bankinter, S.A. - Director of IR

Good morning, and welcome to the Linea Directa transaction webcast. Today, Jacobo Diaz, our CFO, will share with us the highlights of the transaction. We will follow-up with a Q&A session. Thank you.

Jacobo DÃ;az Garcia

Bankinter, S.A. - CFO and Area Director for Corporate Development, Products & Markets

-

Good morning, and welcome to this special webcast to provide you with more information about the price-sensitive information, all relevant facts posted early today on the CNMV website. This information addresses the decision taken yesterday late in the evening by the ECB Supervisory Board to authorize the in-kind distribution of the entire share premium of Bankinter totaling EUR 1.184 billion by delivering to its shareholders, 82.6% of the share capital of its fully owned subsidiary, Linea Directa Aseguradora. This transaction was announced after Bankinter's Board meeting held in December 2019 and subsequently approved by the 2020 Annual General Meeting, subject to the required

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