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ILTY illimity Bank SpA News Story

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Brief: Illimity Bank Says 27.2% Stake Shareholders Entered Into Consultation Deal On Banca Ifis Bid

May 30 (Reuters) - Banca IFIS SpA IF.MI:

SHAREHOLDERS REPRESENTING AROUND 27.2% STAKE SIGN CONSULTATION AGREEMENT BANCA IFIS'S BID ON BANK

SHAREHOLDERS AGREE,  BASED ON PRESENT TERMS, DEEMED UNSATISFACTORY,  TO CONSULT REGARDING THE OFFER, ANY DEVELOPMENTS,  ANY FURTHER COMMUNICATIONS, MEASURES THAT MAY BE TAKEN

SHAREHOLDERS UNDERTAKE NOT TO ACQUIRE ANY ADDITIONAL ILLIMITY SHARE BEYOND THOSE ALREADY OWNED

SHAREHOLDERS AGREE TO AVOID ENTERING INTO OR EXECUTING ANY TRANSACTION, AGREEMENT OR ACT THAT COULD TRIGGER THE APPLICATION OF PROVISIONS REGARDING MANDATORY PUBLIC TENDER OFFERS

Further company coverage: IF.MI

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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