Key Developments: Banca Monte dei Paschi di Siena SpA (BMPS.MI)

BMPS.MI on Milan Stock Exchange

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18 Dec 2014
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Latest Key Developments (Source: Significant Developments)

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.  Full Article

Fondazione MPS closes sale of 6.5 pct stake in Banca Monte dei Paschi di Siena SpA-Borsa Italiana
Wednesday, 14 May 2014 03:06am EDT 

Banca Monte dei Paschi di Siena SpA:Fondazione MPS announces that Banca d'Italia authorized the closing of the sale, by Fondazione, of 6.5 pct stake in Banca Monte dei Paschi di Siena (BMPS)-Borsa Italiana.Of the 6.5 pct stake, 4.5 pct stake was sold to Fintech Advisory and 2 pct to BTG Pactual Europe LLP.  Full Article

Banca Monte dei Paschi di Siena SpA proposes share capital increased up to 5 bln euros
Friday, 18 Apr 2014 08:38am EDT 

Banca Monte dei Paschi di Siena SpA:The Board approved to propose to the Extraordinary Shareholders Meeting a share capital increase up to a maximum of 5 billion euros, substituting the 3 billion euros already authorized on Dec. 28, 2013.The Meeting is to be called on May 20, 21 and if necessary, May 23 on first, second and third call.  Full Article

Banca Monte dei Paschi di Siena SpA acquires entire stake in Perimetro Gestione Proprieta Immobiliari SCpA
Wednesday, 16 Apr 2014 01:57am EDT 

Banca Monte dei Paschi di Siena SpA:Says, in the context of the restructuring activities of the Chianti Classico operation, it has acquired a 92.1 pct stake, with voting rights, in Perimetro Gestione Proprieta Immobiliari SCpA (PGPI), for a total of 5.1 mln euros.Following this transaction, Banca Monte dei Paschi di Siena holds 100 pct stake in PGPI.  Full Article

Banca Monte dei Paschi di Siena SpA launches covered bond issue for 1 bln euros
Friday, 11 Apr 2014 03:21am EDT 

Banca Monte dei Paschi di Siena SpA:Issues 1 billion euros in covered bonds against a demand of almost 4 billion euros.The transaction, amounting to 1 billion euros, has a 7-year maturity with a fixed rate structure and is intended for international professional investors and financial institutions.Commerzbank, Goldman Sachs International, MPS Capital Services, Royal Bank of Scotland and Societe Generale are acting as Joint Lead Managers and Bookrunners for the placement.Issued under Banca Monte dei Paschi di Siena‚Äôs Covered Bonds Programme, the bond carries a 2.875 pct annual coupon payable in arrears on April 16.Given the below-par re-offer price of 99.763 pct, the yield at maturity is 2.913 pct per annum.The date of settlement is April 17.The minimum denomination of the issuance is 100 thousand euros, with multiples of 1 thousand euros thereafter.  Full Article

Fondazione MPS updates on interest in Banca Monte dei Paschi di Siena-Borsa Italiana
Thursday, 3 Apr 2014 12:32pm EDT 

Banca Monte dei Paschi di Siena SpA:Fondazione MPS communicates that, following a series of sales in Banca Monte dei Paschi di Siena's (BMPS) shares, to date it holds a 9.60 pct stake in BMPS-Borsa Italiana.Fondazione MPS says the stake held still includes the 6.5 pct stake to be sold to Fintech Advisory Inc and BTG Pactual Europe LLP.Fondazione MPS says the completion of the sale is dependent on authorizations from the Supervisory Authorities (Ministry of Economy and Finance and Banca d'Italia).  Full Article

Fondazione MPS sells 6.5 pct stake in Banca Monte dei Paschi di Siena-Borsa Italiana
Monday, 31 Mar 2014 04:08am EDT 

Banca Monte dei Paschi di Siena SpA:Fondazione MPS announces it has reached an agreement for the sale of a 6.5 pct stake in Banca Monte dei Paschi di Siena SpA-Borsa Italiana.Of the 6.5 pct stake, 4.5 pct will be in favor of Fintech Advisory Inc and 2 pct in favor of BTG Pactual Europe LLP.The selling price has been set at 0.2375 per share.  Full Article

Banca Monte dei Paschi di Siena SpA's 3 pct stake sold by Fondazione Mps-Reuters
Tuesday, 25 Mar 2014 08:00pm EDT 

Banca Monte dei Paschi di Siena SpA:Fondazione Mps sold from March 19 to March 24 358.5 mln shares in Banca Monte dei Paschi, equal to about a 3 pct stake, for a total of 85 mln euros-Reuters.  Full Article

Banca Monte dei Paschi di Siena SpA issues 1 bln euros five-year senior bond
Tuesday, 25 Mar 2014 02:43pm EDT 

Banca Monte dei Paschi di Siena SpA:Issues a new 1 bln euros five-year senior bond.The issuance is part of the Euro Medium Term Notes Programme, has a spread of mid-swap rate + 275 basis points and an annual coupon equal to 3.625 pct.The settlement date is scheduled for April 1.Banca IMI, J.P. Morgan, Mediobanca, MPS Capital Services and RBS have acted as joint lead managers.  Full Article

Fondazione MPS sells 11.98 pct in Banca Monte dei Paschi di Siena-Borsa Italiana
Wednesday, 19 Mar 2014 02:42am EDT 

Banca Monte dei Paschi di Siena SpA (BMps):As requested by Consob, Fondazione Monte dei Paschi di Siena (Fondazione MPS) communicates to have sold, after market close, 1.4 bln BMps shares, equal to a 11.98 pct stake-Borsa Italiana.To date Fondazione MPS holds a 15.07 pct stake in BMps.  Full Article

Monte Paschi says NIT Holdings offer too vague to evaluate

MILAN - Italy's Banca Monte dei Paschi di Siena said on Wednesday that an offer from Hong Kong-based NIT Holdings to invest up to 10 billion euros ($12.48 billion) was too vague and unclear for it to evaluate.

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