MPS, the holding company of Caltagirone FGC against all the points of the extraordinary meeting

FGC, the holding company of the Caltagirone group, will vote against all five points of the extraordinary part of the MPS assembly scheduled for October 29th. The decision, as stated in the press release issued, was taken unanimously by the company's Board of Directors which fully implemented the assessments of the Committee of independent directors assisted by the opinion of Professor Giovanni Fiori.

The statement

"Today - it is written in the note from the holding - the meeting of the Board of Directors of F.G.C. S.p.A. was held to examine and decide on the MPS Assembly scheduled for next October 29. In relation to the extraordinary part, the Board has fully implemented the assessments of the Committee of Independent Directors assisted by the opinion of Prof. Giovanni Fiori and has unanimously resolved to vote against all 5 points of the agenda. The Board also ordered that the assessments, together with the opinion and decisions taken herein, be brought to the attention of the directly and indirectly controlled companies, so that they can take them into account in their respective assessments, without prejudice to the full decision-making autonomy of each entity".

The five points

The five points against which FGC intends to vote concern the merger by incorporation of Mediobanca into MPS, the demerger operations relating to MPS, Mediobanca Premier and Widiba, the capital increase serving the OPS on Banco BPM, the capital increase serving the OPS on Banca Generali and the voluntary reduction of the share capital of MPS. FGC has also arranged that its assessments, together with the opinion and decisions taken by the board, be brought to the attention of the directly and indirectly controlled companies, so that they can take them into account in their respective assessments, without prejudice to the full decision-making autonomy of each entity.