UBI Banca Group

(v)
(vi)
(vii)
(viii)
(ix)
(x)
on 5 th July 2011 240 shares were issued for the conversion of a convertible bond
issue;
on 7 th July 2011 19,309 shares were issued for the conversion of rights held by
warrant holders exercised in June 2011;
on 11 th July 2011 5,706,984 shares were issued for unexercised option rights;
on 18 th July 2011, 14,542,512 shares were subscribed by the underwriting
syndicate;
as at 31 st December 2011 UBI Banca held 1,200,000 treasury shares in portfolio;
as a result of the above changes, the ordinary shares outstanding of UBI Banca
numbered 900,546,759 as at 31 st December 2011.
Calculation of diluted EPS
For the purposes of calculating diluted EPS, as already stated, account must be taken of the
dilutive effect on the ordinary shares of the Parent resulting from the presence of “potential”
ordinary shares that are outstanding, such as for example:
(i) instruments representing debt or equity, including preference shares, that are
convertible into ordinary shares,
(ii) options and warrants,
(iii) shares to be issued if the conditions defined in contractual agreements are met.
As already reported in the balance sheet section 15 “Equity attributable to the Parent”,
potential ordinary shares of UBI Banca existed as at 31 st December 2011 for the possible
conversion of a convertible bond issue (a maximum of 255,657,744 new ordinary shares).
The right to convert the convertible bonds into ordinary shares of UBI Banca was exercised in
2011 for at total of 604 new shares.
To summarise:
EPS 2011 2010
Consolidated profit attributable to the Parent (thousands of euro) (1,831,333) 168,291
Weighted average number of ordinary shares outstanding 774,891,234 639,145,902
Basic earnings per share (in euro) (2.3633) 0.2633
Diluted earnings per share (in euro) (2.3633) 0.2633
The table that follows contains: (i) a reconciliation of consolidated profit attributable to the
shareholders of the Parent and profit attributable to ordinary equity holders and also (ii) the
dilutive effect on the average number of outstanding ordinary shares.
EPS 2011 2010
EPS with recognised profits
Consolidated net profit attributable to the Parent (thousands of euro) (1,841,488) 172,121
Profit not attributable to owners of ordinary equity instruments (thousands of euro) (10,155) (3,830)
Consolidated profit attributable to the Parent (thousands of euro) (1,831,333) 168,291
Number of shares existing at the beginning of the year 639,145,902 639,145,902
Number of shares issued during the year 262,600,857 -
Weighted average shares issued during the year 135,745,332 -
Weighted average number of ordinary shares outstanding 774,891,234 639,145,902
Weighted dilutive effect resulting from the exercise of potential ordinary shares - -
Weighted average number of ordinary shares for diluted capital 774,891,234 639,145,902
Basic earnings per share (in euro) (2.3633) 0.2633
Diluted earnings per share (in euro) (2.3633) 0.2633
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