Press release 2018/11/13 - CONSOB AND ITS ACTIVITIES
Consob adopts a temporary ban on short selling on Banca CARIGE shares - The ban shall apply for the entire trading day of Wednesday 14 November 2018 (Press release of November 13, 2018)
Consob decided to temporary prohibit short sales of the share Banca CARIGE (ISIN code IT0005108763).
The ban will be enforce for the entire trading session of Wednesday 14 November 2018, on the MTA market operated by 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 13 November 2018 (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. 20688 of 13 November 2018 is available on the website www.consob.it.