Aug 21 (Reuters) - Banca Generali SpA BGN.MI:
SHAREHOLDERS REJECT BANCA GENERALI DEAL WITH 10% OF VOTES AGAINST, 35% IN FAVOUR, 32% ABSTAINED
DECLARES THE OFFER ON BANCA GENERALI LAPSED
CEO SAYS OPPORTUNITY MISSED AS RESULT OF VOTE EXPRESSED, IN PARTICULAR, BY SHAREHOLDERS WHO ALSO EXPRESSED A CLEAR 'CONFLICT OF INTEREST' IN THEIR ENGAGEMENT ACTIVITIES
CEO SAYS WE WILL CONTINUE TO BE FOCUSED ON THE EXECUTION OF OUR PLAN, CONVINCED OF GENERATION OF SUPERIOR VALUE COMPARED TO ALTERNATIVE REPRESENTED BY THE MPS OFFER
Further company coverage: BGN.MI
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