TELECOM ITALIA SHAREHOLDERS' MEETING CONVENED
20 Dezember 2013 - 10:18PM
Italian Regulatory (Text)
PRESS RELEASE
TELECOM ITALIA SHAREHOLDERS' MEETING CONVENED PROPOSAL TO REMOVE
FROM OFFICE THE BOARD OF DIRECTORS PUT FORWARD BY FINDIM GROUP SA
REJECTED NO APPOINTMENT OF DIRECTORS TO INTEGRATE THE BOARD IN
OFFICE IN THE EXTRAORDINARY SESSION THE SHAREHOLDERS' MEETING
APPROVED THE INCREASE IN CAPITAL THROUGH THE ISSUE OF ORDINARY
SHARES TO SERVICE THE MANDATORY CONVERTIBLE BONDS
Rozzano (MI), 20 December 2013 The ordinary and extraordinary
sessions of the Telecom Italia Shareholders' Meeting, chaired by
Aldo Minucci, met today in single call. The Shareholders' Meeting
recorded the presence of 54,26% of the Company's ordinary share
capital. In the ordinary session the Shareholders' Meeting: voted
against the proposal of the shareholder Findim Group S.A. to remove
from office the Directors Aldo Minucci, Marco Patuano, Tarak Ben
Ammar, Lucia Calvosa, Massimo Egidi, Jean Paul Fitoussi, Gabriele
Galateri, Gaetano Miccichè, Renato Pagliaro, Mauro Sentinelli and
Angelo Provasoli; did not achieve the quorum necessary to integrate
the Board currently in office, following the resignations of Franco
Bernabè and Elio Catania, and the renunciation of his candidacy by
Angelo Provasoli, who had previously been co-opted by the Board of
Directors to replace Director Catania. In the extraordinary session
the Shareholders' Meeting: approved the elimination of the
indication of the par value of the ordinary shares and the savings
shares, with the subsequent amendment to the Company Bylaws;
approved with 81.06% of votes in favour the increase in share
capital with disapplication of preferential subscription rights
through the issue of ordinary shares to enable the conversion of
the mandatory convertible bonds issued by the subsidiary Telecom
Finance S.A. for a sum amounting to 1.3 billion euros ("Guaranteed
Subordinated Mandatory Convertible Bonds due 2016 convertible into
ordinary shares of Telecom Italia S.p.A.").
The meeting ended at 9 p.m. . Telecom Italia Press Office
+39 06 3688 2610 http://www.telecomitalia.com/media
Telecom Italia Investor Relations
+39 02 8595 4131
http://www.telecomitalia.com/investorrelations
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