ROMA (ITALPRESS) – Poste Italiane raises the price of Opas on Telecom Italia. The Board of Directors of Poste, meeting today, has decided to increase the amount of the offer by acknowledging an additional cash component of €0.30 for each Tim action brought to the offer (additional cash component). Therefore, to the finalization of the offer, for each Tim action brought in membership, the consideration will be increased of the additional component in money and will be altogether constituted from: 0.218 ordinary shares Posts of new issue; and the cash component already previewed from the offer document, pairs to 1,67 euros, increased of the additional component in money pairs to 0,30 euros, and therefore pairs to total 1,97 per share (until the component in shares).
With the increase of the consideration, the Board of Directors of the tenderer intends to confirm the strategic and industrial relevance of the offer. The economic and financial benefits for the shareholders of Poste enabled by the offer will remain substantially unchanged as a result of the recognition of the increased unitary consideration, with a positive impact confirmed on the profit by action of Poste starting from the exercise 2027 and previewed double digit in 2028.
The post dividend policy for 2026 on a stand-alone basis and commitment to an increasing dividend policy from 2027 is also confirmed. The shareholders of Tim who will join the offer will receive the deposit on the dividend of Posts for the financial year 2026, which will be paid on 25 November 20262. The tenderer points out that the increased Unitary consideration represents the final consideration of the offer and that no further increases will be made.
On the basis of the official price of the shares Poste detected at the closing of 20 March 2026, pairs to 21,46 euros, the increased unitary consideration expresses an implicit monetary valorization pairs to 6,65 euros for each Tim action and, therefore, incorporates an implicit award of 14,16% regarding the official price of the shares Tim detected at the reference date. Moreover, on the basis of the official price of Poste shares detected at the closing of 4 September 2026, pairs to 26,90 euros and increased of 25% from the reference date, the increased consideration expresses an implicit monetary valorization pairs to 7,83 euros for each Tim action.
In the event of total membership of the offer, the total implied monetary value of the offer would be equal to 11,345.126.354 euros, including the additional cash component, calculated on the basis of the official price of Poste shares at the reference date. In this scenario, the total amount of the cash component of the increased unit price would be 3,361.532,803 euros.
– photo Ipa Agency –
