Company Announcements

Pre Stab Notice - Banca Monte dei Paschi di Siena

Source: RNS
RNS Number : 0855H
Credit Suisse Securities (Eur) Ltd
01 December 2020


1st December 2020


Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful


Banca Monte dei Paschi di Siena S.p.A.


Pre-stabilisation Period Announcement


Credit Suisse Securities (Europe) Limited (contact: Shashank Tandon; telephone: +44 (0) 20 7888 2386) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/08/03/2016 under the Market Abuse Regulation (EU/596/2014).


The securities:


Banca Monte dei Paschi di Siena S.p.A

Guarantor (if any):

Aggregate nominal amount:

To be confirmed


Senior Preferred due 2026

Offer price:

To be confirmed

Other offer terms:


Stabilisation Manager(s):

Credit Suisse Securities (Europe) Limited

Stabilisation period expected to start on:

December 1st 2020

Stabilisation period expected to end no later than:

December 30th 2020

Existence, maximum size and conditions of use of over-allotment facility

The Stabilisation Manager(s) may over-allot the securities to the extent permitted in accordance with applicable law

Stabilisation trading venue




In connection with the offer of the above securities, the Stabilisation Manager(s) may over-allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time. Any stabilisation action or over allotment shall be conducted in accordance with all applicable laws and rules.


This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.


This announcement and the offer of the securities to which it relates are only addressed and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within Article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.    


In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State pursuant to Regulation (EU) 2017/1129 (as may be amended, the "Prospectus Regulation") before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Prospectus Regulation (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Regulation), this announcement and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Regulation (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in that Member State.


This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.     


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