BPM rights issue

18 June 2001

The BPM rights issue has been successfully completed.


During the offer period, which started on 21 May and closed on 8 June, a total of 11,389,877 shares were subscribed, more than 99% of those on offer, worth ?462.3m, or Lit. 895.1bn. This leaves unexercised a further 1,007,991 BPM shares on the basis of nine new shares (ranking for dividends as from 1 January 2001) for every 25 rights held at a price of ?4.15 per share.


The above rights are being offered on the market under Article 2441/3 of the Italian Civil Code between 18 and 22 June, while the underlying shares must be subscribed by 26 June 2001, after which the rights will lapse.


Mediobanca has led the underwriting group for this rights issue.