UnipolSai SpA (“UnipolSai” or the “Company”) intends to purchase a total of no. 30,000,000 shares
ordinary shares of Banca Popolare di Sondrio SCARL (“BPS” or the “Bank”), equal to approximately 6.62% of the share capital of the Bank itself (the “Stake”). To this end, the Company has mandated Equita SIM SpA (“Equita”), as authorized intermediary and Sole Bookrunner, to purchase the Stake through a reverse accelerated book-building procedure (the “Transaction”), at a premium on the today’s closing price (and therefore yesterday for the reader) of the Banco Popolare di Sondrio ordinary share between approximately 2% and 4%, to be launched immediately and which UnipolSai reserves the right to close at any time ”.
“Equita – continues the press release issued by Unipol – will address only (a) qualified investors in Italy (as defined in Article 2, paragraph 1, letter (e), of Regulation (EU) 2017/1129) and (b) foreign institutional investors (other than US persons as defined in Regulation S of the United States Securities Act of 1933, as subsequently amended, and by investors located in the United States of America and Japan and in any other country in which the offer of financial instruments is not permitted in the absence of authorizations from the competent authorities), who intend to sell Banca Popolare di Sondrio shares. The achievement of a total of n. 30,000,000 BPS shares purchased is a binding condition for the successful completion of the Transaction; however, UnipolSai reserves the right to accept offers for an overall number of shares lower than that indicated above. The definitive amount of Banca Popolare di Sondrio shares purchased by the Company and the purchase price will be communicated at the end of the Transaction. UnipolSai already holds no. 13,126,000 BPS shares, equal to approximately 2.9% of the Bank’s share capital and, in the event of full success of the Transaction, would come to hold approximately 9.51% of the share capital of Banca Popolare di Sondrio ”.
The press release concludes by specifying that “the Transaction is part of UnipolSai’s strategy aimed at contributing to the development plans of the Bank, industrial partner of the Unipol Group since 2010 in the Non-Life and Life bancassurance sector”.