Wednesday January 20 2016
News Source: Global Disclosures
Focus: Short Selling
Type: General
Country: Italy
The Italian regulator CONSOB has extended its short selling ban on Banca Monte dei Paschi di Siena S.P.A. (ISIN: IT0005092165) until the end of the trading day of 21 January 2016, following a decline in share value of 14.3% in trading on 19 January 2016.
The ban was adopted pursuant to Article 23, para. 2 of the EC Regulation on “Short Selling”, in response to a price drop in the share price exceeding a 5% threshold during the trading day.
Please click the above link for more information on the CONSOB announcement
For more information on the short-selling ban imposed on 18 January, please see our previous article: