Shareholders’ Meeting of Banca Monte dei Paschi di Siena, held today and chaired by Massimo Tononi, approved:
- Financial Statements at 31 December 2015
- remuneration report
- plan of “performance shares” for employees of Gruppo Montepaschi
The Bank ended 2015 with standalone net profit of 416,632,656 euro. The restatement of Alexandria has determined the adjustment of prior year accounts in compliance with IAS 8 (Accounting policies, changes in accounting estimates and errors), with negative effects at capital level for Euro 619,232,917, with the additional costs of the rights issue carried out in 2015 for Euro 88,769,839.
Shareholders’ Meeting approved to cover part of the negative reserves, amounting to Euro 708,002,756 at 31 December 2015, using Parent Company’s and available reserves amounting to for Euro 470,640,191. The outstanding negative reserve would amount to Euro 237.362.565 euro.
Shareholders’ Meeting approved remuneration report as provided for in Art. 123-ter of LegislativeDecree no. 58/1998 (the “Consolidated Financial Act”), and plan of “performance shares” pursuant to Art. 114-bis of the Consolidated Financial Act, for employees of Gruppo Montepaschi.
Pursuant to para. 2, article 154-bis of the Consolidated Law on Finance, the Financial Reporting Officer, Mr. ArturoBetunio, declares that the accounting information contained in this press release corresponds to the underlying documentary evidence and accounting records.