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Telecom Italia Shareholders' Meeting Concluded

Settlement approved with Carlo Orazio Buora and Riccardo Ruggiero

10/18/2012 - 07:40 PM

The Shareholders' Meeting, chaired by Franco Bernabè, approved today the dispute settlement, pursuant to article 1965 of the Italian Civil Code, with former Executive Directors Carlo Orazio Buora and Riccardo Ruggiero, and therefore the settlement of the corporate liability action against them, for the sums of 1 million and 1.5 million euros respectively.

The settlements are full and final. With respect to Riccardo Ruggiero the settlement includes the Company’s waiver of its right to join the criminal proceedings in which the former Managing Director faces charges of obstructing the public supervisory authorities from performing their functions with reference to the mobile customer base data provided to AgCom.

In view of today's Shareholders' Meeting, Consob asked the Company’s Directors and Statutory Auditors to provide further information, pursuant to article 114, paragraph 5, of Legislative Decree 58/1998. Attached are the notes published yesterday by the Company and the statement made by the Chairman of the Board of Statutory Auditors during the meeting.

Attachments

Attachment 1 – supplementary notes to the management report (260 KB)

265 KB

Attachment 2 – further information (183 KB)

187 KB

Attachment 3 – statement by the Chairman of the Board of Statutory Auditors (112 KB)

114 KB

The minutes of the Shareholders' Meeting will be made available to the public at the company head offices and on the web sites of Telecom Italia (www.telecomitalia.com/tit/it/about-us/general-archive.html) and Borsa Italiana (http://www.borsaitaliana.it/) as required by law. The report on the voting results will also be made available on the company web site within the next 5 days.

Rozzano (MI), 18 October 2012

Attachments

Press Release (100 KB)

101 KB