UBI Banca Scpa : h. 15.41 - UBI Banca: Merger of Centrobanca into UBI Banca, set the period for the exercise of the right of withdrawal and of the right to sell
04/09/2013| 09:57am US/Eastern
Merger of Centrobanca S.p.A. into UBI Banca: set the period for the exercise of the right of withdrawal and of the right to sell
Bergamo, 9th April 2013 - With regard to the merger of Centrobanca S.p.A. ("Centrobanca") into UBI Banca ("UBI"), we report that in line with the merger project, the Supervisory Board of UBI and the Shareholders' Meeting of Centrobanca have taken a decision concerning the merger pursuant to article 2502 of the Italian Civil Code, with the approval of the above mentioned project on 27th March 2013 and 5th April 2013 respectively. The resolutions approving the mergers were registered with the competent company registrars - the Bergamo registrar for the approval by UBI and the Milan registrar for Centrobanca - on 28th March 2013 and 8th April 2013 respectively.
The term of 15 days therefore runs from the latter date for the exercise of the right of withdrawal and the right to sell, as set out in the merger project. While only one of the two rights as desired may be exercised, the time limit for the exercise therefore expires on 23rd April 2013.
The procedures for exercising each of these rights are contained in the merger project and the exercise prices
- €1.219 for the right of withdrawal and €1.319 for the right to sell - were reported on 6th March 2013 in two notices published on the websites of Centrobanca (Centrobanca - Corporate & Investment Banking) and UBI (Home).
For further information:
UBI Banca Corporate Affairs, Subsidiaries and Relations with the Authorities Area - Tel.+39 030 2433479 - 2433727
04/09/2013| 09:57am US/Eastern
Merger of Centrobanca S.p.A. into UBI Banca: set the period for the exercise of the right of withdrawal and of the right to sell
Bergamo, 9th April 2013 - With regard to the merger of Centrobanca S.p.A. ("Centrobanca") into UBI Banca ("UBI"), we report that in line with the merger project, the Supervisory Board of UBI and the Shareholders' Meeting of Centrobanca have taken a decision concerning the merger pursuant to article 2502 of the Italian Civil Code, with the approval of the above mentioned project on 27th March 2013 and 5th April 2013 respectively. The resolutions approving the mergers were registered with the competent company registrars - the Bergamo registrar for the approval by UBI and the Milan registrar for Centrobanca - on 28th March 2013 and 8th April 2013 respectively.
The term of 15 days therefore runs from the latter date for the exercise of the right of withdrawal and the right to sell, as set out in the merger project. While only one of the two rights as desired may be exercised, the time limit for the exercise therefore expires on 23rd April 2013.
The procedures for exercising each of these rights are contained in the merger project and the exercise prices
- €1.219 for the right of withdrawal and €1.319 for the right to sell - were reported on 6th March 2013 in two notices published on the websites of Centrobanca (Centrobanca - Corporate & Investment Banking) and UBI (Home).
For further information:
UBI Banca Corporate Affairs, Subsidiaries and Relations with the Authorities Area - Tel.+39 030 2433479 - 2433727
