Female Focus
Page 7
FF - Your community magazine
share holders of Bankia
Bankia has begun to compensate small investors who bought shares in the IPO of Bankia in July 2011.
Bankia is coming to court settlements with investors with whom the bank has detected that there was bad marketing or advice.
The agreements have begun to occur more widely since September 2014. Bankia is reimbursing the entire investment to customers whose purchase documentation is found to have any irregularities such as missing signature on the purchase order, or if the documents have been lost in moving offices as a result of the restructuring that has occurred.
Bankia is refunding the money in cases it considers will have a negative decision in court. At PELLICER & HEREDIA LAWYERS we understand that in order to get back the money, in most cases, the process needs to start with court action. This is not only in Bankia, but also in other nationalised institutions, to compensate holders of ‘preferentistas’ and other hybrid products. Even Banco Santander are using the same channel to compensate many of the buyers of “Valores Santander”.
The main issue is whether they sold shares with a value when they knew it was not at that value, and this ‘false accountancy’ is the main problem for Bankia when they sold shares, meaning that Bankia faces having to return the 3,000 million raised in the IPO.
Bankia has a stock of 270 million Euros to pay judicial proceedings in respect of the preferred shares, subordinated debt and equity. It is the first time they recognise that these provisions will be used to pay for the IPO negative Court Resolutions.
At Pellicer&Heredia we strongly recommend you to contact us in order to inform you of your rights to claim and get back the money paid incorrectly to Bankia.
Contact us today, please call us 965 480 737 / 606 056 282 or email:
info@pellicerheredia.com for your free consultation.
Legal claims of investors and
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