The Mps Foundation announces that it reached an agreement today to sell a portion of its stake in Banca MPS shares equivalent to 6.5% of the capital stock. Of this amount, 4.5% was sold to Fintech Advisory Inc. and 2% to BTG Pactual Europe LLP (both of which reserved the right to designate funds managed by them).

The sale price for both transactions was established at 23.75 eurocents per share.
In the context of this sale, also in order to ensure stability of the balance among shareholders in the bank and to preserve its meaningful historic tie with its territory of reference, the Foundation entered into a shareholders’ agreement with the purchasers concerning, among other aspects, governance and certain limits on the transfer of shares conveyed as part of the pact (lock-up clause), as well as commitments to maintain holdings within the overall stake of 9% of the bank’s current capital stock (6.5% held by the above purchasers and 2.5% by the Foundation), as well as 9% of the capital stock resulting from the capital increase of 3 billion euros decided by the bank’s shareholders’ assembly on 28 December 2013.

Effectiveness of the agreements, already approved by the foundation’s Administrative Board, is conditional on attainment of authorization from the regulating authority for banking foundations (the Economy and Finance Ministry) and the Bank of Italy, in accordance with current laws and regulations.
Fintech Advisory Inc. is an investment management company founded in 1987, with headquarters in New York.

BTG Pactual Europe LLP is an asset management company, headquartered in London, a part of BTG Pactual, an international finance group based in Brazil.