INWIT announces that it received today, from shareholder TIM, a request to supplement the agenda of the Ordinary Shareholders' Meeting, called for 20 April next.
TIM, pursuant to article 126-bis, legislative decree no. 58/1998, has requested the addition of the following item: “Appointment of 4 Directors with prior redetermination of the number of members of the Board of Directors from 11 to 15 Directors – related and consequent resolutions.”
In particular, TIM is submitting the following resolution proposal for the approval of the Shareholders' Meeting:
- redetermination of the number of members of the Board of Directors of the Company from 11 to 15;
- appointment as Board Directors of the Company of Filomena Passeggio, Aurelio Guarna, Agostino Nuzzolo and Giuseppe Recchi, who will remain in office until expiry of the mandate of the current Board of Directors, and therefore until the approval of the financial statements at 31 December 2017;
- the redetermination, for the period remaining until the expiry of the mandate, of the total annual compensation of the Board of Directors pursuant to article 2389, subsection 1, of the Italian Civil Code, from 600,000 euros to 818,000 euros.
The candidates’ CVs will be published together with the report received from TIM.
The Board of Directors of INWIT will meet in the next few days to resolve on the relevant issues.
Milan, 30 March 2017