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Banca Monte dei Paschi di Siena SpA approves proposal for 5 bln euros share capital increase

Thursday, 22 May 2014 05:52am EDT 

Banca Monte dei Paschi di Siena SpA:Says the Extraordinary Shareholders' meeting approved the proposal submitted by the Board to increase the share capital by payment of a maximum amount 5 billion euros, inclusive of share premium.The share capital increase is to be executed in one or more tranches, by March 31, 2015, through the issue of ordinary shares with dividend rights to be offered to the shareholders.Says it withdraws the resolution to increase the paid share capital for a total maximum amount of 3 billion euros approved by the Extraordinary Shareholders' Meeting on Dec. 28, 2013.