The shareholders' meeting of Ps gave the decisive green light to thefive billion capital increase. At the time of the vote, 34,77211 of the share capital was represented. 96,68% of the capital present were in favour, 1,71% against (0,10% abstentions, 1,51% non-voters). In the morning, the quorum of 33,3% to hold the meeting was reached on the wire, with 34,77% of the share capital.
Thanks to the new resources, MPS will repay state aid, i.e. the Monti bonds, "at the latest by 2017", and "without further capital increases", he assured Fabrizio Viola, managing director of the Sienese institute.
Completing the increase “in the first part of the month of July – explained the manager in the morning – and paying in cash three billion Monti bonds, we will save on interest e we will prevent the State from entering the Bank's capital".
Now that the operation has been approved, “the technical process will start – continued Viola -, even if there are no official dates set yet, which also depend on the supervisory authorities. The idea is to start the capital increase in the first part of June and of conclude it first part of the month of July, completing an operation that will greatly change the equity, financial and economic profile of the bank”.
Monte dei Paschi “is no longer a problem for the Italian banking system and for this country – he commented Alessandro Profumo, president of Mps -. Two years ago no one would have bet not the money in his wallet, but the coins in his purse that Mps would get out of this situation. With this capital increase, Monte dei Paschi is once again a normal, restored bank”.
One of the most awaited interventions in the assembly was that of Antonella Mansi, who on June 9 – after only eight months of activity – will leave the presidency of the MPS Foundation, renouncing to present his candidacy for a second mandate. The Sienese institution "has operated and will operate as an unifying entity - said Mansi -, with the aim of identifying and putting together qualified investors".
As for the Bank, “with the capital increase, MPS will have a more solid structure – added the Foundation's number one -. I hope that all the Monti bonds will be repaid in advance, hoping that profits and dividends will come back quickly".
At the beginning of the afternoon, the Mps stock travels just above parity.
