Reverse stock split of ordinary shares
On 15 September 2022, the Extraordinary Shareholders' Meeting of Banca Monte dei Paschi di Siena S.p.A. resolved to approve the increase of share capital against payment for a maximum total amount of EUR 2,500,000,000.00 to be carried out, in divisible form, through the issue of ordinary shares, with regular dividend entitlement to be offered to the Company's Shareholders on a pre-emptive basis, pursuant to Article 2441 of the Italian Civil Code.
The completion of the capital increase, on which the implementation of the 2022-2026 Business Plan is based, will enable the significant capital strengthening and re-launching of the Bank.
As part of the transaction, the Extraordinary Shareholders' Meeting provided for and approved the reverse stock split of the ordinary shares of Banca Monte dei Paschi di Siena S.p.A. at a ratio of 1 new ordinary share for every 100 existing ordinary shares.
The reverse stock split aims to simplify the administrative management of shares, the number of which is set to increase following the aforementioned capital increase.
For any information relating to the Reverse Stock Split, the Bank is providing shareholders with a dedicated support service: