The terms of the settlement offer (Opt) proposed by Banca Popolare di Vicenza and Veneto Banca to the shareholders penalized by the devaluation of the shares in exchange for the waiver of the requests for compensation are officially closed: the transaction with the shareholders of Popolare di Vicenza saw 71,9% of members, or 66.712 shareholders, for a share equal to 68,7% of the shares. "The board of directors - explains the bank - expressed its satisfaction with the results of the offer, results which, even if the 80% adhesion threshold envisaged in the offer regulation has not been reached, testify to the will of the territory and of the communities in which the bank operates to accompany it in the ongoing restructuring process".
In the case of Veneto Banca, on the other hand, subscriptions came from 54.359 shareholders, equal to 73% of the total and 67,6% of the shares covered by the proposal. Net of untraceable positions, the percentage of adhering shareholders is approximately 75% of the total, equal to 68,2% of the Veneto Banca shares falling within the perimeter.
The accounts for 2016 were also communicated today: Pop Vicenza closed with a maxi-loss of 1,9 billion, compared to the loss of 1,4 billion in 2015. The institute explains that the net result is penalized "above all by the evolution of non-performing credit and the further increase in coverage levels, also following the implementation of the valuation differences that emerged from the inspections carried out by the ECB on credit risk during 2016 and at the beginning of 2017”. The further "significant reduction in intermediated volumes", "the economic and financial impacts associated with the decision taken on August 4, 2016 by Cattolica Assicurazione to withdraw from the partnership agreement" and the "further provisions for risks and charges mainly attributable to the complaints and litigation on BPVI shares and the cost of the settlement offer to the shareholders”.
