4,07% of Bpm and 4,56% of Banco Popolare: these are the capital shares of the two banks on which the shareholders have exercised the right of withdrawal relating to the transformation into a joint stock company through the merger between the two institutions.
For the future Banco Bpm (which will come to life on 2017 January 207,1) coping with the right of withdrawal could therefore involve a total outlay of 88 million (119,1 million for Bpm shares and XNUMX million for those of Banco).
First of all, however, the shares subject to withdrawal will be offered as an option to shareholders until 27 December and subsequently possibly offered on the market.
Furthermore, the law reforming the Popolari will allow the institute to decide whether to limit, in whole or in part, the redemption of the shares to safeguard capital levels, a choice that the bank's top management has already hinted to be probable.
