Changes made to the statute of Monte dei Paschi di Siena (MPS), particularly regarding shareholder remuneration and governance changes, ahead of the meeting scheduled for February 4. These changes are part of a recovery process that has transformed the bank into a more solid and profitable institution, with a shareholder structure now reflecting a reduced role of the Treasury and the entry of groups like Caltagirone (10.26%) and Delfin (17.5%).

Focus on shareholder remuneration:

A key change concerns the distribution of profits. MPS has decided to abolish the 25% statutory reserve and halve the legal reserve from 10% to 5%, with the aim of distributing a larger portion of profits as dividends. This change is made possible by the improved financial and capital situation of the bank, allowing for higher returns for shareholders.

Additionally, the board emphasized its intention to achieve a pay-out of up to 100% of net profit, meaning the company plans to return nearly all of its earnings to shareholders. This marks an important step toward further enhancing shareholder value, given the bank’s increased profitability.

The changes are presented as an opportunity to create value for shareholders and attract strategic investments, thanks to a strong capital base and improved economic performance.

Overall, MPS is seeking to optimize its governance and offer greater remuneration to shareholders, shifting focus toward higher dividends, after stabilizing its financial position.