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Mps regroups shares and collapses on the stock market

The shower of sales comes after the grouping of ordinary shares in the ratio of one new one for every 100 held.

Mps regroups shares and collapses on the stock market

The title of Mps falls in Piazza Affari. One hour after the start of trading, the shares dropped 6%, to 22,5 euros, the largest red of the Ftse Mib. 

Sales come after reverse stock split in the ratio of one new one for every 100 owned. After the transaction, the share capital, equal to 7.484.508.171,08 euros, will remain unchanged. 

To facilitate the grouping for individual shareholders and the management of any remainders, MPS has appointed Intermonte Sim to act as counterparty for the purchase or sale of fractions of the new grouped shares missing or exceeding from today until 9 May. minimum size necessary to allow shareholders to hold a whole number of shares. 

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