Edition:
United Kingdom

BPER: Launch Of Public Exchange Offer Project On Banco Di Sardegna Saving Shares


Tuesday, 5 Mar 2019 

March 5 (Reuters) - Bper ::LAUNCH OF A PUBLIC EXCHANGE OFFER PROJECT ON BANCO DI SARDEGNA SAVING SHARES.POSSIBLE EXCHANGE RATIO OF 7 NEWLY ISSUED BPER ORDINARY SHARES FOR EACH 3 OF BANCO DI SARDEGNA.LAUNCH OF EXCHANGE OFFER WILL TAKE PLACE ONLY IF SHAREHOLDERS WILL GRANT BOARD POWER TO INCREASE SHARE CAPITAL.BOARD RESERVES RIGHT TO PROPOSE PROCESS TO CONVERT BANCO DI SARDEGNA SAVING SHARES INTO PREFERRED (OR ORDINARY).PROPOSES TO AMEND BY-LAWS RELATING TO ANY FURTHER ACQUISITIONS OF MINORITIES BY GRANTING BOARD POWERS TO ISSUE UP TO 2.5 MILLION SHARES. 

Company Quote

3.796
-0.062 -1.61%
4:35pm BST