Consob adopts a temporary ban on short selling on Banca MPS shares. The ban shall apply immediately and shall last until Tuesday 19 January 2016 end of day
Consob decided to temporary prohibit short sales of the share Banca MPS (ISIN code IT0005092165).
The ban will apply immediately and will be enforce for the entire trading session of tomorrow, Tuesday 19 January 2016, on the MTA market of Borsa Italiana.
The prohibition was adopted pursuant to Article 23 of the EU Regulation on short selling, considering the price change recorded by the share on 18 January 2016 (in excess of 10%).
The prohibition applies to short sales backed by stock lending. This extended the scope of the prohibition of naked short selling, already in force for all shares from 1st November 2012 by virtue of the EU Regulation on short selling.
The text of the Resolution no. 19488 of 18 January 2016 is available on the website www.consob.it.
Rome, 18 January 2016
Time 4.07 pm