Banco BPM says Poste Italiane, FSI adhere to its offer for Anima, calls shareholding meeting to increase offered price to 7 euros
Reuters
02-12
Feb 12 (Reuters) - Banco BPM SpA :: *UNDERTAKINGS FROM POSTE ITALIANE, FSI TO TENDER THEIR SHARES TO OFFER FOR AN OVERALL AMOUNT EQUAL TO 21% OF ANIMA'S SHARE CAPITAL: PARTICIPATION HELD BY BANCO BPM COULD THUS EXCEED 43% OF ANIMA’S SHARE CAPITAL *CALL OF ORDINARY SHAREHOLDERS’ MEETING TO AUTHORIZE INCREASE OF CONSIDERATION OFFERED PER ANIMA’S SHARE TO EURO 7.00 (CUM DIVIDEND) AND POSSIBLE WAIVER OF ONE OR MORE OF EFFECTIVENES OF OFFER *UNDERTAKINGS FROM POSTE ITALIANE AND FSI ARE SUBJECT TO CONDITIONS, INCLUDING AUTHORIZATION OF BANCO BPM SHAREHOLDERS' MEETING TO INCREASE OFFER CONSIDERATION. *SEES AFTER COMPLETION OF ANIMA OFFER, INCIDENCE OF INCOME NOT ARISING FROM INTERESTS ON TOTAL REVENUES TO RAISE FROM CURRENT 40% TO 50% RUN-RATE AT END OF BUSINESS PLAN *SEES AFTER COMPLETION OF ANIMA OFFER, TOTAL CONTRIBUTION TO GROUP REVENUES OF PRODUCT FACTORIES TO INCREASE TO EURO 1.7 BILLION AS OF 2027 *AFTER POSITIVE COMPLETION OF ANIMA OFFER, BANK EXPECTS INCREASE IN EARNINGS PER SHARE COMPARED TO BUSINESS PLAN TARGET OF ABOUT 10% *AS OF THE DATE HEREOF, ANTITRUST AUTHORIZATION, GOLDEN POWER AUTHORIZATION AND BYLAWS AMENDMENT AUTHORIZATION HAVE ALREADY BEEN OBTAINED