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Banca Carige, Bankitalia sterilizes the Mincione-Volpi list at 9,9%

While awaiting the pronouncement of the Court of Genoa on the request of the Malacalza group to inhibit participation in the vote in the next meeting of 20 September of the competing list Mincione-Volpi, the Bank of Italy has already sterilized the agreement of these latter shareholders

Banca Carige, Bankitalia sterilizes the Mincione-Volpi list at 9,9%

A few days after the crucial shareholder vote on the new board of directors, Banca Carige's shareholders' meeting is filled with uncertainties of a legal-regulatory nature with the serious possibility that whatever outcome emerges from the shareholders' meeting is subject to endless appeals from the interested parties. In the spotlight are the pact on 15,2% presented by Raffaele Mincione, Gabriele Volpi and the Spinelli family and the list supported by the same agreement presented in August by the vehicles of Mincione himself (officially owners of 5,4%). The hearing on the appeal presented by Malacalza Investimenti is scheduled today at the Court of Genoa which, referring to articles 19 and following of the Consolidated Banking Act, asked to inhibit the vote of the agreement holders and to exclude the list itself due to the lack of authorization from part of ECB-Bank of Italy necessary for shareholders exceeding 10%. Yesterday evening the Bank of Italy intervened directly on the matter, which 'sterilized' the exercise of the right to vote by the parties to the agreements by 9,9%, inviting them to request authorization within 15 days.

In the official communication sent to Pop12, Lonestar and Spininvest, Banca d'Italia recalls that without authorization 'the voting rights and other rights that allow for influence on the company cannot be exercised' for shares equal to or greater than 10%. The communication, according to what was communicated by Pop12, if it freezes around 5,3% in the hands of the three parties to the agreement, saves the validity of the list headed by Mincione himself and which nominates Paolo Fiorentino as for Considering the members of the agreement in a unitary way, and ' this is the interpretation given, the terminology of Via XX Settembre imposes the proportional suspension of part of the rights of the three shareholders (until they fall below 10%) but does not question the existence of the list. This topic will in any case be one of those on the table in the evaluations of the Court of Genoa which, in the light of the intervention by the ECB-Bank of Italy, could also consider the issue resolved or reserve the right to decide in the next few days.

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