PRESS RELEASE
OUTCOME OF THE OPTIONAL CONVERSION OF SAVINGS SHARES
INTO ORDINARY SHARES
Genoa, 7 December 2020 - Banca Carige S.p.A. - Cassa di Risparmio di Genova e Imperia (hereinafter "Carige" or the "Bank") announces that the Optional Conversion Period (the "Optional Conversion Period") ended on 4 December 2020.
During the Optional Conversion Period, requests were submitted for the conversion of a total of 5,139 Savings Shares, equal to 20.12% % of the savings share capital and corresponding (as a result of the application of the conversion ratio) to 105,349,500 newly issued Ordinary Shares.
Upon conclusion of the Optional Conversion Period, the Bank's share capital remains unchanged in the amount of EUR 1,915,163,696, divided into 755,371,204,973 Ordinary Shares and 20,403 Savings Shares, with no indication of par value.
Reported below is the composition of Carige's share capital before and after the Optional Conversion.
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Share capital before the Optional | Share capital after the Optional | |||
Conversion | Conversion | |||
(Shares with no indication of par value) | (Shares with no indication of par value) | |||
EUR | No. of shares | EUR | No. of shares | |
Total | ||||
1,915,163,696.00 | 755,265,881,015 | 1,915,163,696.00 | 755,371,225,376 | |
of which: | ||||
Ordinary shares | 1,915,163,631.23 | 755,265,855,473 | 1,915,163,644.27 | 755,371,204,973 |
Savings Shares | 64.77 | 25,542 | 51.73 | 20,403 |
The new Ordinary Shares arising from the Optional Conversion will be made available to the
entitled holders as of 7 December 2020, by means of book entries on the | intermediar ies' | |||||
accounts with the central securities depository Monte Titoli S.p.A. | ||||||
The amended Articles of Association, specifying | the new composition of the share | capital | ||||
(article 5), will be made available on the Group's | corporate | website (www.gruppocarige. it) | ||||
and on the | authorised storage portal "eMarket Storage" | (www.emarketstorage.com), when | ||||
and as filed | with the Companies' Register, following the Reverse | Stock Split (the "Reverse | ||||
Stock Split") of the Bank's ordinary and savings shares becoming | effective, | as expected, on | ||||
14 December 2020. | ||||||
Information concerning the Reverse Stock | Split | will | be | disclosed | with | specific |
communication by the effective date. |
INVESTOR RELATIONS & RESEARCH | COMMUNICATIONS |
tel. +39 010 579 4877 | tel. +39 010 579 3380 |
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investor.relations@carige.it | relazioni.esterne@carige.it |
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Banca Carige S.p.A. published this content on 07 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2020 14:52:01 UTC