ROMA (ITALPRESS) – The Board of Directors of Telecom Italia (Tim), which met today in the presence of the Board of Statutory Auditors, unanimously approved the issuer’s communiqué concerning the public offer of purchase and voluntary exchange promoted by Poste Italiane on the ordinary shares Tim.
The issuer’s communiqué contains the reasoned assessment of the Board of Directors on the Offer and on the financial congruity of the relative consideration, equal to 1,67 euros and 0.218 ordinary shares Poste of new issue listed on Euronext Milan for each ordinary share TIM that will be brought into adherence to the Offer.
The Board of Directors, on the basis of the analysis carried out by the management also with the help of a support document prepared by Kearney, “has evaluated positively the rational and industrial perspectives of the operation and the consistency with the path undertaken by TIM”, reads in a note.
At the end of the meeting, the Board of Directors unanimously, also on the basis of the content of the Financial Advisors Fairness Opinion, considered the Financial Perspective appropriate.
The company also announces that the industrial plan will not be updated waiting for the completion of the Offer and the scenarios that will be outlined “and that therefore next 29 July will be communicated, and then presented to the market in the conference call of 30 July, exclusively consolidated financial results for the second quarter and first half 2026”.
-Photo IPA Agency-
(ITALPRESS).
