Mps, the increase of the capital will close Thursday 22 December – Corriere della Sera

The Ceo of Mps Marco Morelli

The capital increase of Mps will open on Monday 19 and will close on Thursday 22 December at 14. This is what we read in the prospectus published by the bank. Offered to the public, dedicated to the 30% shareholders and 5% to the general public, the deadline is Wednesday 21 to 14, while there will be 24 hours for the institutional placement (65%) of the global offer). For the general public will be the “most conservative (lowest)” Mifid for the evaluation of suitability, that it will be “blocker” for those who will fail.

The offer price between 1 and 24.9 euro

” The Offer Price of the New Shares Bmps will be determined at the end of the Offer Period,” it said in the prospectus. “In particular, the determination of the Offer Price of the New Shares of the Bmps will take place taking into account the amount and the quality of the application collection at institutional investors and/or qualified and, if necessary, at anchor, and/or cornerstone investor; and/or the amount of demand received from the general Public (…). The Offer Price is likely to be influenced, even significantly, among other things, the results of marketing activities, market trends, and other securities belonging to the banking sector and the appreciation of the notes that will be distributed to the Shareholders within the scope of the Deconsolidation. Remains, in any case, it is intended that the Offer Price can not be higher than the Maximum Price of the Binding indicated below. On December 14, 2016, the Board of Direc tors of the Bank has confirmed in a 24,9 € the Maximum Price is Binding. The Council has also established a Price Technical Minimum Binding, equal to 1 euro per share”.

The outcome within 6 days

” The Issuer – is still read in the prospectus – shall communicate, within six business days following the closing of the Public Offer, the results of the same and the summary results of the Global Offer by way of a notice published with the same mode of dissemination of the notice of the publication of the Information notice”.

December 18, 2016 (change on December 18, 2016 | 13:15)

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