It's a nightmare Monday in Piazza Affari for the Bpm stock, which at the start of the session loses up to 6,7%, to 0,64 euros, making it the worst stock of the Ftse Mib. Weighing on the title of the credit institution is the twist that took place during thelast Saturday's shareholders' meeting, that surprisingly rejected the proposed governance reform conceived by the management board and the managing director, Giuseppe Castagna, elected a few months ago.
The votes in favor of the amendments to the statute, agreed with the Bank of Italy, did not in fact reach the two-thirds quorum required for resolutions in extraordinary shareholders' meetings by a hundred or so votes.
The reform would have increased the role assigned to capital shareholders, while maintaining the per capita vote. The new heads of the institute, however, do not leave their roles, despite the clash that took place in the assembly. The no to these changes comes a few days after the launch of the 500 million capital increasescheduled for May 5th.
“The regret is great, but let's move on. It was a stumbling block”, the managers at the head of Banca Popolare commented in chorus.
On the equity front, in any case, since the beginning of the year, the Bpm share has recorded an increase of more than 50%, against a gain of the sector index of around 20%.
