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Stock market, Mps falls after increase details: 35,5% discount

The decrease comes after the terms of the maxi capital increase of 5 billion euro were announced yesterday: the operation will be carried out at a price of one euro for each new share, in a ratio of 214 newly issued shares for each five owned, with a 35,5% discount on yesterday's closing price (25,13 euros).

Stock market, Mps falls after increase details: 35,5% discount

Day of sales on the Mps stock on the Stock Exchange, which in the middle of the morning drops 2,6%, to 24,48 euros, the worst drop of the Ftse Mib. During the first exchanges, the Sienese institute's shares had lost up to five percentage points and had been suspended from trading at 23,88 euros, only to be readmitted in the following minutes.

The decrease comes after the terms of the maxi capital increase of 5 billion euro were announced yesterday: the operation will be carried out at a price of one euro for each new share, in a ratio of 214 newly issued shares for each five owned, with a 35,5% discount on yesterday's closing price (25,13 euros). 

Icbpi writes that, again taking into account yesterday's closing price, the post detachment price of the right would be equal to 1,55 euros. The increase will start next Monday.

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