Intesa Sanpaolo SPA Rights Issue – May 2011

Saturday, May 21, 2011
By SHP

Intesa Sanpaolo SPA ordinary and savings shares have annouced the details of thie rights issue for May 2011:

Intesa Sanpaolo are paying an ordinary dividend and also running a rights issue to raise around EUR5 billion

  • Dividend EUR0.091

Terms of Rights Issue:

For every 7 Intesa Sanpaolo SPA savings shares you are entitled to subscribe to 2 new shares.

  • Issue date – 20 May 2011
  • Effective date – 23 May 2011
  • Expected pay date – 22 June 2011
  • The call price is EUR1.369
  • The price represents a discount of approximately 24% to the Theoretical Ex Right Price
  • It closed trading on Friday 20th May at EUR1.75

Company information

Intesa Sanpaolo is a banking group resulting from the merger between Banca Intesa and Sanpaolo IMI.

Website: www.group.intesasanpaolo.com/

Latest Market News