Poste Italiane announces that Consob has approved the offer document relating to the total and voluntary Public Tender Offer promoted by Poste Italiane on the ordinary shares of Telecom Italia. The subscription period will start at 8:30 on July 20 and will end at 17:30 on September 11, Poste Italiane emphasizes.
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On the fifth open trading day following the end of the subscription period, that is – barring any extensions of the period by Consob – September 18, 2026, Poste Italiane will pay the consideration to each Tim shareholder who has validly subscribed to the offer during the subscription period.
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The consideration
The consideration includes a cash component, equal to 1.67 euros, and a share component, represented by 0.218 newly issued ordinary Poste Italiane shares, having regular entitlement and the same characteristics as the ordinary Poste Italiane shares already in circulation at the date of the relevant issuance and intended for listing on Euronext Milan.
Offer document filed with Consob
Poste Italiane also reminds that, if the conditions provided for by the Issuers’ Regulation occur, a reopening of the subscription period may be arranged for five trading sessions, from September 21 to 25, with settlement on October 2. The offer document will be filed with Consob and made available to the public at the offices of the parties involved in the operation and on the websites of Poste Italiane and the global information agent Sodali & Co.
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