The Board of Directors of Telecom Italia will meet on 25 March 2010 to convene the Annual General Meeting (AGM) of shareholders to be held, as previously announced, on 29 April 2010, with coupon detachment on 24 May 2010 and dividend payment on 27 May 2010.
Chairman Gabriele Galateri di Genola and CEO Franco Bernabè will propose that the Board of Directors postpone the approval of the financial statements for the financial year ended on 31 December 2009 to 12 April 2010, the latest date for the submission of the financial statements to the shareholders in advance of the AGM in compliance with applicable mandatory requirements of Italian law.
The postponement, among other things, will provide additional time for the outcome of the legal and accounting review relating to TI Sparkle and initiated by the company to be obtained.
This course has been communicated to the relevant market authorities, to the audit firm and to the company’s statutory auditors.
Milan, 23 March 2010