Il 90,184% of Ubi Banca shareholders, holder of 90,203% of the shares, adhered to the public purchase and exchange offer promoted by Intesa Sanpaolo, which thus reaches – for the moment – 91,0139% of the share capital of the Bergamo Institute. The Bank led by Carlo Messina writes it in the press release on definitive results of the takeover bid, specifying that payment will be finalized on Thursday 5 August. Participants will receive 1,7 newly issued Intesa Sanpaolo shares for each Ubi share – for a total of 1.754.328.645 ISP shares, “equal to 9,107% of the share capital of Intesa Sanpaolo” – plus €0,57 (in all, 588.216.075,39 .XNUMX euros).
For the mandatory offer on the remaining 9,8164% of the capital of UBI (in all, 112.327.119 shares), “the period during which the offeror will fulfill – reads the note – will be agreed with Borsa Italiana” and subsequently communicated; in any case, the economic conditions will be the same as those guaranteed by the Public Offer.
Later, it will come the delisting of the Ubi share from Piazza Affari, at the end of which any shareholders who have not adhered to either the Public Offer or the subsequent mandatory offer "will be holders of financial instruments not traded on any regulated market, with consequent difficulty in liquidating their investment", Intesa continues.
Meanwhile, yesterday the Board of Ubi – in approving the quarterly accounts – acknowledged the success of Intesa's takeover bid; Victor Massiah, managing director and general manager of the Bergamo institute, who has always been against the operation with Intesa Sanpaolo, he therefore tendered his resignation effective immediately. His duties will be temporarily assigned to the Deputy General Manager, Elvio Sonnino.
On the accounting side, the second quarter it closed for Ubi with a net profit of 90,7 million euro, a result much higher than market expectations and an improvement of 81% compared to the same period last year.
Following this news, the share on the stock exchange of Ubi Banca it closed against the trend with an increase of 1,01%.
