Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Unione di Banche (40EK)

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Friday 12 June, 2009

Unione di Banche

Exchange Offer: Final Pricing

RNS Number : 7977T
Unione di Banche Italiane S.c.p.a.
12 June 2009

UBI Banca Exchange Offer: Announcement of Final Pricing Terms

In accordance with the Documento di Offerta approved by CONSOB on 5 June 2009 and the Exchange Offer Memorandum dated 9 June 2009 (the "Exchange Offer Memorandum"), Unione di Banche Italiane S.c.p.a. ("UBI Banca" or the "Offeror") announces the Final Pricing Terms in connection with its Exchange Offer, which was launched on 10 June 2009.

Capitalised terms used and not otherwise defined in this announcement have the meaning given in the Exchange Offer Memorandum.

The following tables set out the final Offer Price and consequent Exchange Ratio for each of the three series of Existing Trust Preferred Securities and the five series of Existing Lower Tier II Subordinated Notes (together, the "Existing Subordinated Securities"):

Existing Trust Preferred Securities


Amount Outstanding

(in millions of euro)

First Call Date

Maturity Date

Final Offer Price

(as a percentage of nominal value)

Exchange Ratio


Banca Lombarda Preferred Securities Trust


10 March 2010





Banca Popolare di Bergamo Capital Trust


15 February 2011





Banca Popolare Commercio e Industria Capital Trust


27 June 2011





Existing Lower Tier II Subordinated Notes


Amount Outstanding 

(in millions of euro)

First Call Date

Maturity Date

Final Offer Price 

(as a percentage of nominal value)

Exchange Ratio


* Banca Lombarda e Piemontese S.p.A.


30 June 2009

30 June 2014




* Banche Popolari Unite S.c.p.a.


7 December 2010

7 December 2015




* Banche Popolari Unite S.c.p.a.


30 June 2011

30 June 2016




* Banca Lombarda e Piemontese S.p.A.


19 December 2011

19 December 2016




* Banche Popolari Unite S.c.p.a.


30 October 2013

30 October 2018




* now Unione di Banche Italiane S.c.p.a. (UBI Banca)

The following table sets out the terms of the New Senior Notes to be offered in exchange for the Existing Subordinated Securities. Holders whose Offers to Exchange are accepted by the Offeror will receive New Senior Notes in an amount equal to the nominal amount of such Existing Subordinated Securities that are accepted, multiplied by the applicable Exchange Ratio, being the ratio between the relevant Offer Price and the New Senior Notes Issue Price.  



Type of interest


New Senior Notes Spread (in basis points)

Coupon period

New Senior Notes Interest Basis

Unione di Banche Italiane S.c.p.a.

Fixed rate

5 year



5-year mid swap rate

The New Senior Notes will be issued under UBI Banca's Debt Issuance Programme, and application will be made for them to be listed on the official list and admitted to trading on the regulated market of the London Stock Exchange.

Investors will today be provided with updated tables of the hypothetical scenarios in relation to the Exchange Offer (as set out in paragraph E.2 of the Documento di Offerta and Appendix D to the Exchange Offer Memorandum), which will be published on the website of the Offeror (

The Expiry Time is 5pm CET on 18 June 2009, unless the Exchange Offer Period is extended or terminated. The announcement of the results of the Exchange Offer will take place at or around 2.30pm CET on 19 June 2009. Settlement is expected to occur on 25 June 2009.

The Documento di Offerta (for holders resident and/or located in Italy) is available on the UBI Banca website (, at the offices of UBI Banca, Piazza Vittorio Veneto, 8 24122 Bergamo or at the Italian branch of The Bank of New York (Luxembourg) S.A. (in its capacity as Exchange Agent in Italy) at Via Carducci 31, 20123 Milan. The Exchange Offer Memorandum (for holders resident and/or located outside of Italy) is available from the Bank of New York Mellon (in its capacity as Exchange Agent outside of Italy) at +44 20 7694 4958 / [email protected]

Sole Structuring Adviser and Dealer Manager for the Offer is HSBC Bank plc (+44 20 7991 5874 / [email protected]).

Bergamo, 12 June 2009

This information is provided by RNS
The company news service from the London Stock Exchange

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