Unipol Gruppo S.p.A. announces the launch of a transaction to purchase ordinary shares of Banca Popolare di Sondrio through a reverse accelerated book-building procedure exclusively addressed to qualified investors and foreign institutional investors

Unipol Gruppo S.p.A. (“Unipol”) announces its intention to purchase an amount of 46,300,000 ordinary shares of Banca Popolare di Sondrio S.p.A. (“BPSO” or the “Bank”), equal to approximately 10.2% of the Bank’s share capital (the “Shareholding”).

To this end, Unipol has mandated Equita SIM S.p.A. and Mediobanca - Banca di Credito Finanziario S.p.A, as authorized intermediaries and joint bookrunners, to purchase the Shareholding, through a reverse accelerated bookbuilding procedure, at a price per share not exceeding Euro 5.10, to be launched immediately and which Unipol reserves the right to close at any time (the “Transaction” or the “RABB”).

The Transaction is intended only for (a) qualified investors (as defined in Article 34-ter, paragraph 1(b) of the Regulation adopted by Consob Resolution No. 11971 of May 14, 1999 on issuers and Annex 3 of the Regulation adopted by Consob Resolution No. 20307 of February 15, 2018 on intermediaries) and (b) foreign institutional investors (other than U.S. persons as defined in Regulation S of the United States Securities Act of 1933, as amended, and investors established in the United States of America and Japan and any other country in which the offering of financial instruments is not permitted in the absence of authorizations by the competent authorities, subject to any exemptions provided by applicable laws), who are intending to sell shares of the Bank.

Read the complete press release.

Not to be disseminated, published or distributed, in whole or in part, directly or indirectly, in the United States of America, Canada, Australia, Japan, South Africa or any other jurisdiction where to do so would constitute a violation of applicable laws. in addition, this press release (and the information contained herein) does not contain or constitute an offer to buy or sell or subscribe for securities or a solicitation to sell or to buy or subscribe for securities or a promotional message.