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Banca Monte dei Paschi di Siena SpA Announces Authority Accorded to The Board of Directors to Increase Capital in Exclusion of Pre-Emptive Rights


Friday, 25 Jan 2013 12:53pm EST 

Banca Monte dei Paschi di Siena SpA announced that the extraordinary shareholders' meeting of Banca Monte dei Paschi di Siena met on January 25, 2013 and resolved to accord authority to the Board to increase capital, in exclusion of the pre-emptive rights of existing shareholders, for an amount of up to EUR 4,500,000,000.00, at the exclusive service of the exercise of the Bank’s right to convert the New Financial Instruments provided for by Law Decree no. 95 of July 6, 2012, converted with amendments by Law no. 135 of August 7, 2012, as subsequently amended; and/or to increase capital, again in exclusion of the pre-emptive rights of existing shareholders, pursuant to articles 2443 and 2441, para. 5 of the Civil Code, through the issuance of ordinary shares for an amount of up to EUR 2,000,000,000.00, at the exclusive service of the interest payments to be made in shares pursuant to the regulations applicable to the New Financial Instruments as set forth in Law Decree no. 95 of July 6, 2012, converted with amendments by Law no. 135 of August 7, 2012, as subsequently amended. Consequently, article 6 of the Articles of Association was amended.