Telecom Italia S.p.A. (la Società) in data odierna annuncia i tassi di riferimento ed i prezzi dell’offerta di riacquisto per cassa precedentemente annunciata, con riferimento alla totalità delle Notes denominate “$1,000,000,000 6.999 per cent. Guaranteed Senior Notes due 2018” (le Notes con scadenza 2018) e “$1,000,000,000 7.175 per cent. Guaranteed Senior Notes due 2019” (le Notes con scadenza 2019 e, insieme con le Notes con scadenza 2018, le Notes e ciascuna una Serie), entrambe emesse da Telecom Italia Capital S.A. (TI Capital) e garantite dalla Società (tale invito, l’Offerta di Riacquisto). I termini e le condizioni dell’Offerta di Riacquisto sono previsti dal documento del 7 luglio 2015 (il Documento di Offerta di Riacquisto), dalla relativa Lettera di Accompagnamento e dalla Notifica di Consegna Garantita predisposta in relazione all’Offerta di Riacquisto.
Per le Notes validamente offerte e non ritirate validamente alle o prima delle ore 17.00 (ora di New York City) di oggi, mercoledì 15 luglio 2015 (il Termine di Scadenza) e delle quali è stato accettato il riacquisto, il prezzo di acquisto applicabile per $1.000 di importo nominale di ciascuna serie delle Notes (per ciascuna serie, il Prezzo di Riacquisto) è il prezzo indicato nel Documento di Offerta di Riacquisto, sulla base di un rendimento alla scadenza pari alla somma (i) del rendimento alla scadenza per gli United States Treasury (UST) Reference Security applicabili, esigue indicato alla tabella che segue e sarà calcolato, alle ore 11.00, ora di New York City, di oggi, mercoledì 15 luglio 2015, più (ii) il relativo Spread Fisso indicato nella tabella che segue. La tabella di seguito include alcune informazioni in merito ai Prezzi di Riacquisto dell’Offerta di Riacquisto.
**Per $1.000 di ammontare nominale delle Notes accettate per il riacquisto.
In aggiunta, i portatori delle Notes che saranno riacquistate nell’Offerta di Riacquisto riceveranno l’interesse maturato e non corrisposto sulle loro Notes che saranno riacquistate, calcolato a partire dalla data di pagamento dell’ultimo interesse fino a, ed esclusa, la data del pagamento delle Notes riacquistate. Come previsto dai termini e condizioni dell’Offerta di Riacquisto, il pagamento del corrispettivo dell’Offerta di Riacquisto avverrà immediatamente dopo il Termine di Scadenza (tale pagamento è previsto lunedì 20 luglio 2015).
L’Offerta di Riacquisto è subordinata al soddisfacimento o alla rinuncia di determinate condizioni, come indicato nel Documento di Offerta di Riacquisto.
Ulteriori informazioni
La copia del Documento di Offerta di Riacquisto, della relative Lettera di Accompagnamento e la Notifica di Consegna Garantita sono disponibili al seguente sito web: http://www.gbsc-usa.com/Telecom/
Qualsiasi domanda o e richiesta di assistenza relativa all’Offerta di Riacquisto potrà essere inviata a:
Ciascun Portatore delle Notes è il solo responsabile della valutazione di tutte le questioni che lo stesso ritenga utile (ivi incluso quelli attinenti all’Offerta di Riacquisto) e ciascun Portatore delle Notes dovrà decidere se offrire in tutto o in parte le Notes possedute in conformità all’Offerta di Riacquisto.
Né i Dealer Manager, né il Depositary and Information Agent, la Bank of New York Mellon (il Trustee) né i rispettivi amministratori, dirigenti, dipendenti, agenti o soggetti affiliati si assumono alcuna responsabilità circa l’accuratezza e la completezza delle informazioni relative alla Società, TI Capital, alle Notes o all’Offerta di Riacquisto contenuta nel presente comunicato ovvero nel Documento di Offerta di Riacquisto. Nessuno tra i Dealer Manager, il Depositary and Information Agent, il Trustee o i loro rispettivi amministratori, dirigenti, dipendenti, agenti o soggetti affiliati sta agendo per conto di alcun Portatore di Notes, o sarà responsabile nei confronti di alcun Portatore di Notes di fornire alcuna protezione prevista per propri clienti ovvero di fornire consigli in relazione all’Offerta di Riacquisto e, pertanto, nessuno tra i Dealer Manager, il Depositary and Information Agent o i loro rispettivi amministratori, dirigenti, dipendenti, agenti o soggetti affiliati assume alcuna responsabilità con riferimento alla mancata comunicazione da parte della Società di informazioni relative alla Società stessa, TI Capital o alle Notes che siano considerate rilevanti nell’ambito dell’Offerta di Riacquisto e che non siano informazioni già diffuse presso il pubblico.
Né i Dealer Manager, né il Depositary and Information Agent, né la Società, né TI Capital, né il Trustee né i rispettivi amministratori, dirigenti, dipendenti, agenti o soggetti affiliati forniscono alcuna dichiarazione o raccomandazione in relazione all’Offerta di Riacquisto, o alcun suggerimento ai Portatori di Notes in merito alla scelta di aderire o meno all’Offerta di Riacquisto.
Disclaimer
This announcement must be read in conjunction with the Offer to Purchase. This announcement and the Offer to Purchase contain important information which should be read carefully before any decision is made with respect to the Offer. If any Holder is in any doubt as to the contents of this announcement or the Offer to Purchase or the action it should take, it is recommended to seek its own financial and legal advice, including in respect of any tax consequences, immediately from its stockbroker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser.
Offer and Distribution Restrictions
Neither this announcement nor the Offer to Purchase constitutes an invitation to participate in the Offer in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws. The distribution of this announcement and the Offer to Purchase in certain jurisdictions may be restricted by law. Persons into whose possession either this announcement or the Offer to Purchase comes are required by each of the Company, TI Capital, the Trustee, the Dealer Managers and the Depositary and Information Agent to inform themselves about, and to observe, any such restrictions.
Italy
None of the Offer, the Offer to Purchase or any other documents or materials relating to the Offer have been or will be submitted to the clearance procedures of the Commissione Nazionale per le Società e la Borsa (CONSOB) pursuant to Italian laws and regulations.
The Offer is being carried out in the Republic of Italy (Italy) as an exempted offer pursuant to article 101-bis, paragraph 3-bis of the Legislative Decree No. 58 of 24 February 1998, as amended (the Financial Services Act) and article 35-bis, paragraph 4 of CONSOB Regulation No. 11971 of 14 May 1999, as amended.
Any holder or beneficial owner of the Notes may tender their Notes for purchase in the Offer through authorised persons (such as investment firms, banks or financial intermediaries permitted to conduct such activities in the Republic of Italy in accordance with the Financial Services Act, CONSOB Regulation No. 16190 of 29 October 2007, as amended from time to time, and Legislative Decree No. 385 of 1 September 1993, as amended) and in compliance with applicable laws and regulations or with requirements imposed by CONSOB or any other Italian authority.
Each intermediary must comply with the applicable laws and regulations concerning information duties vis-à-vis its clients in connection with the Notes, the Offer or the Offer to Purchase.
United Kingdom
The communication of the Offer to Purchase and any other documents or material relating to the Offer have not been made and such documents and/or materials have not been approved by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000. Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents and/or materials as a financial promotion is only being made to those persons within the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the Order) or within Article 43 of the Order, or to other persons to whom it may lawfully be made in accordance with the Order.
France
The Offer is not being made, directly or indirectly, to the public in the Republic of France (France). Neither the Offer to Purchase nor any other document or material relating to the Offer has been or shall be distributed to the public in France and only (i) providers of investment services relating to portfolio management for the account of third parties (personnes fournissant le service d'investissement de gestion de portefeuille pour compte de tiers) and/or (ii) qualified investors (investisseurs qualifiés), other than individuals, in each case acting for their own account, all as defined in, and in accordance with, Articles L.411-1, L.411-2 and D.411-1 of the French Code Monétaire et Financier, are eligible to participate in the Offer. The Offer to Purchase has not been and will not be submitted for clearance to nor approved by the Autorité des Marchés Financiers.
Belgium
Neither the Offer, the Offer to Purchase nor any other documents or materials relating to the Offer have been submitted to or will be submitted for approval or recognition to the Financial Services and Markets Authority (Autorité des services et marches financiers / Autoriteit financiële diensten en markten) and, accordingly, the Offer may not be made in Belgium by way of a public offering, as defined in Articles 3 and 6 of the Belgian Law of 1 April 2007 on public takeover bids (the Belgian Takeover Law) as amended or replaced from time to time. Accordingly, the Offer may not be advertised and the Offer will not be extended, and neither the Offer to Purchase nor any other documents or materials relating to the Offer (including any memorandum, information circular, brochure or any similar documents) has been or shall be distributed or made available, directly or indirectly, to any person in Belgium other than (i) to "qualified investors" in the sense of Article 10 of the Belgian Law of 16 June 2006 on the public offer of placement instruments and the admission to trading of placement instruments on regulated markets (as amended from time to time), acting on their own account or (ii) in any circumstances set out in Article 6, §4 of the Belgian Takeover Law. Insofar as Belgium is concerned, the Offer to Purchase has been issued only for the personal use of the above qualified investors and exclusively for the purpose of the Offer. Accordingly, the information contained in the Offer to Purchase may not be used for any other purpose or disclosed to any other person in Belgium.
General
Neither this announcement nor the Offer to Purchase constitutes an offer to buy or the solicitation of an offer to sell Notes (and tenders of Notes will not be accepted from Holders) in any circumstances in which such offer or solicitation is unlawful. In those jurisdictions where the securities, blue sky or other laws require the Offer to be made by a licensed broker or dealer or similar and any of the Dealer Managers and their respective affiliates is such a licensed broker or dealer or similar in any such jurisdiction, such Offer shall be deemed to be made by such Dealer Manager or such affiliate, as the case may be, on behalf of the Company in such jurisdiction.
In addition to the representations referred to above in respect of the United States, each Holder participating in an Offer will also be deemed to give certain representations in respect of the other jurisdictions referred to above and generally as set out in the Offer to Purchase. Any tender of Notes for purchase pursuant to an Offer from a Holder that is unable to make these representations may be rejected. Each of the Company, the Dealer Managers and the Depositary and Information Agent reserves the right, in its absolute discretion (and without prejudice to the relevant Holder's responsibility for the representations made by it), to investigate, in relation to any tender of Notes for purchase pursuant to any Offer, whether any such representation given by a Holder is correct and, if such investigation is undertaken and as a result the Company determines (for any reason) that such representation is not correct, such tender may be rejected.
Milano, 15 luglio 2015
