Maria Teixeira Alves
are about to get the votes in the General Assembly BCP. The number of shareholders present is increasing, began with 46.7%.
In the Mirage Hotel in Cascais, BCP meets its shareholders in the great annual meeting. They are over 47% stake in BCP General Assembly present. The election of the governing bodies and the tender offer for shares subordinated bonds exchange are the points that highlight this meeting
This is a re-election of the governing bodies, with two changes:. The exit of Luis Pereira Coutinho and José Xavier de Bastos.
The most important output is the Luís Pereira Coutinho, since this manager is currently comprised of the executive committee of the bank, with responsibility of Activobank (bank which holds the position of “chairman” and that the BCP want sale) and corporate banking
Among the other positions he plays in BCP, highlight the fact also be chairman of the board of directors of BCP Capital. – Venture Capital Society. It is also vowel “boards” of insurers Millenium bcp Ageas and West, as well as member of the Board of Pensions Gere – Management Company Pension Fund. Outside Portugal is member of the supervisory board Millenium Bank in Poland.
From his direct responsibilities included the direction of North Companies, Central and South, the marketing management product companies, the steering marketing of client companies, the fund ‘private equity recapitalization, ActivoBank and Bank Millennium. Late last year, Luis Pereira Coutinho held 2.26 million shares of BCP.
The other way is to José Guilherme Xavier de Basto, who did not exercise executive functions in the bank, holding the position of member of the audit committee. Outside the Millennium bcp group, is non-executive director of PT SGPS, and is also a member of its audit committee.
Enter Cidália Lopes and José Miguel Pessanha, who holds the post of Group Risk Officer since 2003. Cidália Lopes will join the audit committee. It is the third woman in the team Nuno Amado (Conception Lucas and Rachel Vunge).
After the AG there will be a meeting of the Board of Directors to name the Executive Committee, and take place at the end of the day
The other point that can generate discussion, especially because stirs the customers investment is the public exchange offer that BCP offers holders of subordinated bank bonds. In practice holders of subordinated bonds are called to convert the bonds into shares.
If the operation is successful, that is, if 100% of debt securities into shares are converted, the BCP will strengthen the capital at EUR 428 million. The BCP increases with this exchange the common equity tier 1 (core capital) by 70 basis points. For the subordinated bonds are tier 2 capital.
With 100% adherence to the OPT BCP will issue 5.35 billion new shares at a unit price of 8 cents. This corresponds “to 93% of the volume weighted average of the share price of the bank on the Euronext Lisbon regulated market in the five days of trading preceding the day of the launch of the public exchange offer,” said the bank in a statement.
This operation is one of the 12 points under discussion today.
No comments:
Post a Comment