Intesa Sanpaolo sets the liquidation value of savings shares at 2,74 euro per share.
This was announced by the bank led by Carlo Messina who let it be known that, last May 22, the resolution with which the extraordinary shareholders' meeting gave the go-ahead for the mandatory conversion of savings into ordinary shares, with the consequent amendments to the by-laws, was been registered in the Turin Company Register, giving rise to the right of withdrawal for savings shareholders.
Going into detail, the liquidation value of any Intesa Sanpaolo savings shares subject to withdrawal amounts, as mentioned, at 2,74 euros for each share.
On the Milan Stock Exchange, savings shares are currently losing 0,69% to 2,891 euros (-0,34% to 2,7705 euros for ordinary shares).
Based on what was communicated by Intesa, the shareholders will be able to exercise the withdrawal within June 6thby registered letter with acknowledgment of receipt. The execution of the mandatory conversion remains conditional upon the circumstance whereby the amount to be paid to those who have exercised the right of withdrawal does not exceed the amount of 400 million.
