€1 billion capital increase
€1 BILLION CAPITAL INCREASE TO FINANCE BUSINESS GROWTH
· AMCO’S Extraordinary General Meeting approved a €1 billion capital increase
· The capital increase is aimed at financing AMCO’s business growth
Milan, 29 November 2019. Today AMCO’s Extraordinary General Meeting approved a €1 billion capital increase to be executed via a cash contribution – in one or multiple tranches – by 31/12/2019.
As a result of the capital increase, €597 million will be allocated to share capital via the issuance of 597 million new ordinary shares with no par value and carrying full dividend rights. AMCO’s sole shareholder will be entitled to subscribe the new shares. €403 million will be allocated to share premium reserve.
As a result of the capital increase, AMCO’s share capital will amount to €600 million, divided into 600 million ordinary shares with no par value.
The capital increase will support AMCO in pursuing business growth, by increasing assets under management via the purchase and management of new portfolios. In particular, the capital increase will allow the company to finance business growth in a balanced way, with a sustainable mix between equity and debt instruments, taking into account regulatory capital ratios to be met by AMCO and an adequate financial leverage.
