Corporate

Following the authorisation issued by the Bank of Italy on 22 May 2014 and consequent civil law obligations, the Board of Directors of Banco di Desio e della Brianza S.p.A., pursuant to art. 2505 of the Italian Civil Code and art. 19 of the Articles of Association, approved the Plan for the Merger by incorporation of Banco Desio Lazio S.p.A. (wholly owned company), as well as the relative Directors’ Report, made available to the public on 22 May 2014.

• Investment Agreement signed between Banco di Desio e della Brianza and Banca Popolare di Spoleto (under Extraordinary Administration) for Banco di Desio e della Brianza’s investment in Banca Popolare di Spoleto share capital. 
• Amongst other things, the Investment Agreement envisages a cash subscription to a Euro 139,750,000 share capital increase reserved to Banco di Desio e della Brianza, as a result of which Banco di Desio e della Brianza will hold ordinary Banca Popolare di Spoleto shares accounting for between 66.8% and 72.2% of the share capital. 

Notice is hereby given that Banco di Desio e della Brianza S.p.A. (“Banco Desio”) has received the authorisation granted by the Bank of Italy under Articles 19, 53 and 67 of the Italian Consolidated Banking Act for acquisition of control over Banca Popolare di Spoleto S.p.A. in A.S. (“BPS”) according to the terms and conditions described in the joint press release published on 1 April 2014. 

Desio, 18 December 2014 – The Boards of Directors of Banco di Desio e della Brianza S.p.A. (“Banco Desio”) and of Banca Popolare di Spoleto S.p.A.