Press Release 23 November 2017: Voluntary partial public offering for exchange and settlement - Final results
Voluntary partial public offering for exchange and settlement
Voluntary Partial Public Offering for Exchange and Settlement
Final results
BMPS UT2 Shares tendered into the Offering: n. 198,521,533
(equal to 83.520540% of the BMPS UT2 Shares to which the Offering relates)
Final Pro Rata Allocation ratio: 92.275041%
Siena, 23 November 2017 - Banca Monte dei Paschi di Siena S.p.A. (“BMPS” or the "Offeror") hereby gives notice of the final results of the voluntary partial public offering for exchange and settlement addressed to holders of ordinary shares of the Bank (ISIN code IT0005276776) arising out of the conversion, following the application of burden-sharing measures under Article 22, paragraph 2 of the Law Decree n. 237 of 23 December 2016 (as converted, with amendments, into Law n. 15 of 17 February 2017, and subsequently amended) of the subordinated bond issue “€2,160,558,000 Floating Rate Subordinated Upper Tier II 2008-2018” (ISIN code IT0004352586) (the “Offering”).
During the Offering Period (31 October 2017 - 20 November 2017) n. 198,521,533 BMPS UT2 Shares, equal to 83.520540% of the BMPS UT2 Shares to which the Offering relates (equal to a total of n. 237,691,869), have been validly tendered into the Offering.
On the basis of the above mentioned Tenders, the final Pro Rata Allocation ratio is equal to 92.275041 and therefore the Offeror, in the name and on behalf of the MEF, will acquire 92.275041% of the BMPS UT2 Shares tendered into the offering from each Tenderer and will return, in accordance with the Offer Document, the remaining BMPS UT2 Shares.
The Exchange Date of the Offering will be 24 November 2017.
The terms with capital letter which are not defined in this press release have the same meaning as in the Offer Document and in the related Supplement, which are publicly available at the registered office of the Offeror, in Siena, Piazza Salimbeni 3, Italy and on the Offeror website www.gruppomps.it.