(Teleborsa) - "If after the Board of Directors of Monte dei Paschi di Siena, scheduled for 9 February, no indication is provided as to when the resumption of trading may be expected" the MPS stock will be excluded from the FTSE MIB index " at a price equal to zero on the occasion of the March review (i.e. from the opening on Monday 20 March 2017)”.
FTSE Russell made it known in a note explaining that "this decision can only be revoked if trading should be resumed no later than 28 February 2017".
FTSE Russell will "continue to monitor events" and verify the company's index retention requirements based on subsequent notices.
MPS shares have been suspended from trading since December 23rd.
After the failure of the bank's private recapitalization plan, MPS applied for a precautionary increase by the State, as envisaged by the so-called Salva Risparmio decree law.
