MPS, from September 26th reverse stock split

MPS from September 26th reverse stock split

(Finance) – Monte dei Paschi di Siena Bank announced that it will proceed with the reverse stock split of ordinary sharesin the ratio of n. 1 new ordinary share for every n. 100 existing ordinary shareson September 26 2022. The transaction concerns the 1,002,405,887 existing ordinary shares (ISIN code IT0005218752), which will become 10,024,058 new ordinary shares (ISIN code IT0005508921), upon cancellation of 87 ordinary shares made available by Equita SIMto allow the overall balancing of the transaction without changes to the share capital.

The grouping it is part of the capital increase operation share option, announced to the market on 23 June 2022 and approved by the extraordinary shareholders’ meeting of 15 September 2022, for a total maximum amount of 2.5 billion euro, to be executed in divisible form, through the issue of ordinary shares, with entitlement regular, to be offered as an option to the shareholders of MPS.

The reverse stock split is aimed at reducing the number of shares in circulation in anticipation of the share capital increase and to thus simplifying the administrative managementpoints out the bank.