Financial

The Board Of Directors approves the 2019 draft financial statements and convenes the Shareholders’ Meeting for 6 april 2020

Siena, 25 February 2020 – Today the Board of Directors of Banca Monte dei Paschi di Siena approved the Bank’s draft financial statements and Montepaschi Group’s draft consolidated financial statements as at 31 December 2019, confirming the preliminary results already approved by the Board and disclosed to the market on 7 February, to which reference should be made. The Board also resolved to convene the Ordinary Shareholders’ Meeting in Siena, Viale Mazzini 23, on 6 April 2020 on a single call, at 9:30 a.m.

The Shareholders’ Meeting is called to resolve upon the following:

  • Financial Statements as at 31 December 2019 accompanied by the Report of the Board of Directors, the Report of the Independent Auditors and the Report of the Board of Statutory Auditors. Presentation of the Consolidated Financial Statements as at 31 December 2019.
  • Report on the policy regarding remuneration and fees paid pursuant to Article 123-ter of Italian Legislative Decree no. 58 of 24 February 1998 (“Consolidated Finance Act”), approved by the Board of Directors today.
  • Approval of the “performance shares” plan for severance payments to Montepaschi Group personnel, pursuant to Article 114-bis and Article 125-ter of the Consolidated Finance Act. 
  • Authorisation to dispose of own shares, pursuant to Article 2357-ter of the Italian Civil Code. 
  • Determination of the number of Board members and the number of Deputy Chairpersons for financial years 2020-2021-2022. 
  • Appointment of the Board members for financial years 2020-2021-2022.
  • Appointment, among the members of the Board of Directors, of the Chairperson and Deputy Chairpersons in the number resolved by the Shareholders’ Meeting; 
  • Determination of the remuneration of Board members and of the Chairperson of the Board of Directors. 
  • Appointment of the Chairperson and of other members of the Board of Statutory Auditors for financial years 2020-2021-2022.
  • Determination of the remuneration of effective members of the Board of Statutory Auditors.

The notice convening the Shareholders’ Meeting and the documentation relating to the approval of the Financial Statements as at 31.12.2019, including the Report on Corporate Governance and Ownership Structure, the Non-Financial Statement and the reports on the other items on the agenda, approved during today’s meeting, will be published and made available to the public in the manner and within the terms established by current legislation. 

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Last modified: 25/02/2020