TIM’s Board of Directors met today under the chairmanship of Alberta Figari and took note of the finalisation of the resignation of Director Domitilla Benigni, communicated to the market on 15 September 2025, proceeding to the appointment by co-option unanimously by those present of Alessandra Perrazzelli, former Deputy Governor of Banca d’Italia. The Board then integrated the Nomination and Remuneration Committee and the Sustainability Committee, appointing Perrazzelli to both committees. The incoming Director, whose curriculum vitae is available on the Company’s website, does not hold TIM shares and qualifies as a non-executive Director.
The Board of Directors warmly thanked Director Benigni for her contribution and welcomed Director Perrazzelli, offering her their best wishes for her work.
The Board also took note of the results of the withdrawal resulting from the amendment of Article 3 of the Bylaws concerning the expansion of the corporate purpose, approved by the Shareholders’ Meeting of 24 June 2025. On 12 September 2025, the acceptance period for the offer to shareholders who did not exercise their withdrawal right to purchase the 1,364,581 ordinary shares and 151,748 savings shares subject to withdrawal ended. All the shares subject to withdrawal, for a total countervalue of approximately €443,546, were purchased.
The date of payment of the countervalue, as well as the crediting and transfer of the purchased shares, will be the subject of a subsequent communication.
Furthermore, the Board of Directors resolved unanimously by those present to exclude the Ministry of Economy and Finance from the list of TIM’s related parties, on which it had previously been included. The decision was made in application of the recent regulatory amendment that excludes related party relationships between public administrations and investee companies, whether direct or indirect, where the public administrations do not exercise management and coordination powers.
TIM Investor Relations investor_relations@telecomitalia.it |
Rome, 25 September 2025
