Monday, 19 September 2011 - 4:30pm

Deed of merger of the subsidiaries Banco Desio Toscana SpA and Banco Desio Veneto SpA into the Parent Company

Monday 19 September 2011

Today, the deed of merger of Banco Desio Toscana S.p.A. and Banco Desio Veneto S.p.A. (wholly owned companies) into the Parent Company (Banco di Desio e della Brianza S.p.A.) was stipulated, implementing the merger resolutions passed by the cognisant bodies of each of the aforesaid Companies on 25 August 2011, made available to the public together with the Merger Plan and the related Directors’ Report.
The merger shall take effect on 1 October 2011, upon registration of the deed with the relevant Registers of Companies.

The plan for the reorganisation of the banking networks of the Banco Desio Group is thereby accomplished; it was approved by the Board of Directors of the Parent Company on 22 March 2011, and its main purpose is to simplify the governance and to optimise the resources of the Group.

The plan will not lead to any redundancies and it does not change the organisational-commercial structure, as well as the range of products and services offered to customers.

In this regard, it is hereby specified that the names of the financial instruments (other than stock) issued by Banco Desio Toscana S.p.A. and by Banco Desio Veneto S.p.A. will not be changed, however Banco di Desio e della Brianza S.p.A. will take over “ipso jure” – starting from the effective date of the merger – the legal position of the merged Companies.

Desio, 19 September 2011

The Chairman

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Last updated 07/01/2014