Intesa Sanpaolo confirmed, with a note, that the period for presenting requests for the sale of UBI Banca shares will start at 8.30 on 24 August 2020 and will end at 17.30 pm on 11th September 2020. If, following the procedure for fulfilling the obligation to purchase, the bank comes to hold a total shareholding greater than or equal to 95% of the share capital of UBI Banca, Intesa Sanpaolo will fulfill the purchase obligation vis-à-vis UBI Banca shareholders who request it. This procedure will concern all of the remaining outstanding UBI ordinary shares not owned by Intesa Sanpaolo and will end with the transfer of ownership of each of these shares to Intesa Sanpaolo.
As regards the residual shares held in the United States, the note from Intesa Sanpaolo specified that “holders of residual shares located in the United States can also participate in the procedure for fulfilling the obligation to purchase pursuant to Art. 108, paragraph 2, of the TUF, by presenting a sale request”. Holders of American Depositary Receipts representing residual shares, on the other hand, they must first have obtained the heading of the underlying residual shares: American Depositary Receipts cannot be the subject of a sale request. For information, call +39 06 45212832, on weekdays from 10.00 (Italian time) to 19.00 (Italian time).
