The process for the transfer of e-money and payment services to PosteMobile, the virtual mobile operator of the Poste Italiane group, is underway. In particular, the board of directors of Poste Italiane has approved the release from BancoPosta RFC of assets and legal relationships in part intended to flow into assets intended for e-money and payment services that it intends to set up within the subsidiary PosteMobile.
Once the application has been submitted to the Bank of Italy and the authorizations have been received, the board of directors approved the submission to the extraordinary shareholders' meeting of the proposal to remove the restriction on the use of BancoPosta RFC of all assets, assets and legal relations constituting the company branch concerning e-money and payment services, which will form part of the contribution in kind in favor of PosteMobile; the establishment, by PosteMobile, of a designated asset - which includes the aforementioned business unit - dedicated to e-money and payment services, through which PosteMobile can operate as an electronic money institution (IMEL), continuing to perform the activities of virtual mobile operator.
Furthermore, Poste Italiane will participate in the paid share capital increase of Anima Holding. The board of directors of Anima, recalls a note, received the authorization to implement the increase for an amount up to a maximum of 300 million from the extraordinary shareholders' meeting of Anima on 15 December 2017. Poste Italiane, which holds a in Anima equal to approximately 10,04%, it will then proceed to subscribe, according to terms and conditions that will be established by the board of directors of Anima, the newly issued shares of Anima for the portion it is entitled to.
