Green light for the conversion of RCS savings shares. Yesterday the special shareholders' meetings gave, by majority vote, the ok to the operation which will be brought to the meeting tomorrow. There are two categories involved: the "old" savings shares (category A) and the "new" ones issued with the capital increase last summer (category B). Different conversion conditions are offered to the two categories of shares.
And the operation is also complicated by the fact that different conditions are envisaged for those who voluntarily adhere to the conversion (phase 1) and for the compulsory conversion which should instead take place at the end of the voluntary conversion period (phase 2). While waiting for tomorrow's shareholders' meeting, the Rcs share falls on the Stock Exchange, where in mid-afternoon it loses 2,4% to 1,58 euro.
