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Mps: the Treasury will have 4% for the Monti bonds and the capital increase will be up to 3 billion

The board of directors of Monte dei Paschi has convened the meeting for mid-April which will have to approve the 2014 accounts and approve the capital increase up to 3 billion - As a result of the payment of interest on the Monti bonds, the Treasury will have approximately 4% of the capital – Whamond replaces Martinez on the board.

Mps: the Treasury will have 4% for the Monti bonds and the capital increase will be up to 3 billion

The Ministry of the Economy will also be among the shareholders of Banca Mps for at least 6 months after the 3 billion capital increase: it will have 4% of the Monte, the share owed by the bank for the interest on the Monti bonds which, according to what was communicated by Rocca Salimbeni at the end of yesterday's board meeting, the Mef "undertook to hold for at least 6 months". A decision taken to reduce, "for a reasonable period of time, the potential negative consequences on the stock linked to the possible effect of excess supply on the market", explains the bank. Today's board, which confirmed the 3 billion capital increase that will be approved by the ordinary and extraordinary shareholders' meeting convened for April 14, determined the number of shares "to be assigned to the MEF, as consideration for the payment of interest accrued (243 million euros) for the Monti bonds, as envisaged in the contract.

Approximately 449 million of the Bank's newly issued ordinary shares will go to the ministry, which will be adjusted on July 20 after the planned grouping operations: it should be one new share for every 15 existing ones and a capital increase. From the April assembly, 16 and 2,5 are the dates for any second and third convocations, the new leaders of the Monte will also have to leave. Just today the president of the Mps Foundation, Marcello Clarich, who controls 9% of the bank (but XNUMX% with the pact signed with the Btg Pactual and Fintech funds) first reaffirmed his trust in Alessandro Profumo and Fabrizio Viola and , after the meeting with the representatives of the two funds who arrived at Palazzo Sansedoni after the board meeting (Christian Whamond co-opted today in place of David Manuel Martinez, number one of Fintech, and Roberto Isolani of Btg), he told journalists that when the list "you will have some nice surprises".

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