Decisions made on Banca Monte dei Paschi di Siena’s extraordinary and ordinary shareholders’ meeting

• Amendments to the Articles of Association approved:- removal of share ownership ceiling of 4%;

  – introduction of a maximum limit of two consecutive terms after the first mandate for members of the Board of Directors with the exception of the outgoing Managing Director(s);

  – adoption of new regulations on “gender quotas”;

  – introduction of upper age limits for members of the Board of Directors, Chairman and Managing Director(s).

• Revocation of Mr. Michele Briamonte from the office of  board director approved
• Mr. Franco Michelotti elected alternate auditor

25-7-2013 — /EuropaWire/ — In its extraordinary session, the Shareholders’ Meeting of Banca Monte dei Paschi di Siena, which met today under the chairmanship of Mr. Alessandro Profumo, resolved on certain Article of Association amendments, mainly regarding the following:

– removal of the share ownership ceiling of 4%
– introduction of a maximum limit of two consecutive terms after the first mandate for members of the Board of Directors with the exception of the outgoing Managing Director(s)
– adoption of new regulations on “gender quotas” seeking to ensure gender balance in the composition of the Board of Directors and Board of Statutory Auditors;
– introduction of an upper age limit of 75 years for the position of Member of the Board of Directors, 70 for the role of Chairman of the BoD and 67 for the position of Managing Director(s).

In its ordinary session, the Shareholders’ Meeting approved the:

–  revocation of Mr. Michele Briamonte from the office of member of the Board of Directors, in consequence of existing regulations regarding enforcement of the precautionary measure served upon Mr. Briamonte on 22 May 2013, suspending him from the office of member of the Board of Directors of the Bank for a period of two months
– election of Mr. Franco Michelotti to the office of Alternate Auditor in place of Prof. Gianni Tarozzi who resigned from his position as Alternate Auditor in May.

For further information: 

Media Relations
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ufficio.stampa@banca.mps.it

Investor Relations
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investor.relations@banca.mps.it