The operation was successfully closed capital increase di Unicredit. In fact, the group completed the mega-recapitalization early, thus completing the expected amount of 13 billion and bringing the Cet1 back to 11,15%.
Flash sale also for unexercised rights. The sale of the 1.469.645 option rights not exercised during the offer period turned out to be a formality, closing in mid-morning. The total amount obtained from the sale is equal to 15 million euros. The purchased rights must be exercised, under penalty of forfeiture, by 2 March 2017. They will be made available to the purchasers through the authorized intermediaries adhering to the centralized management system of Monte Titoli SpA and may be used for the subscription of the New Shares - having the same characteristics as those in circulation and regular entitlement – at the price of 8,09 euro per share, in the ratio of 13 new shares for every 5 unexercised rights.
In this way the bank headed by Jean Pierre Mustier closes the increase operation a few days ahead of schedule, in time for the payment of the coupons on the AT1 instruments expiring in 2021.
Meanwhile, a Business Square the Unicredit share rises by 0,66%, in line with the performance of the stock market.
Finally, further details on the recapitalization emerge. There Manodor Foundation announced that it had partially accepted the capital increase. The Foundation sold 1.206.000 rights and exercised 786.000 of them, purchasing around 2.000.000 shares which bring Manodori's total stake in the bank to 4.000.000 shares and thus drop from 0,32% to 0,18 ,XNUMX%
respecting, underlines the press release, "the indications of the protocol signed between Acri, which associates the Italian banking foundations, and the Ministry of Economy and Finance, which provides that the investment of the foundations in a single title is less than one third of the entity's assets.
