Notice to holders of "T.I. 1.5% 2001-2010 Convertible Bonds with premium upon redemption"

01/24/2005 - 08:00 AM

  • Notice to holders of "T.I. 1.5% 2001-2010 Convertible Bonds with premium upon redemption"
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Registered Office in Milan,  Piazza degli Affari 2
Corporate Headquarters in Rome, Corso d’Italia 41
Fully paid-up share capital Euro 8,864,857,175.90
Tax/VAT and Milan Company Register no. 00488410010

 

Notice to the holders of
Telecom Italia 1.5% 2001-2010 convertible bonds with redemption premium
(ISIN CODE IT0003187215)


CONVERSION SUSPENSION

 

Telecom Italia hereby informs that the Board of Directors' meeting held on 23 January 2005 resolved, inter alia, to convene a meeting of Telecom Italia ordinary shareholders on 5, 6 and 7 April 2005 (respectively on the first, second and third call), conversion rights are therefore suspended from today.According to the terms and conditions of the above-mentioned securities, conversion rights are suspended from the day following a Board of Directors' meeting which resolved to convene a meeting of Telecom Italia ordinary shareholders until the day on which such shareholders' meeting is held, inclusive.
Under the same terms and conditions, if the Board of Directors convenes a meeting of Telecom Italia ordinary shareholders to resolve upon a distribution of dividends, applications for conversion may not be submitted from the 15th day after the Board's decision until the payment day of the dividend resolved at such shareholders' meeting, inclusive.
With reference to the foregoing, if the Board of Directors' meeting planned for 24 February 2005, according to the revised calendar of company events published on 31 December 2004, to examine the accounts for the year ending 31 December 2004 adds a proposal to approve the annual accounts and the consequent distribution of a dividend to the agenda of the annual shareholders' meeting, Telecom Italia S.p.A. will deem conversion rights to be exercisable from 25 February 2005 until 10 March 2005, inclusive. In such case applications for conversion will be deemed to be suspended again from 11 March until 18 April 2005 (the ex dividend date), inclusive.
The lifting of the suspension of conversion rights will be announced in a special notice after the Board of Directors' meeting that convenes the shareholders' meeting to approve the distribution of the dividend.

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Requests for clarifications or information may be made by

- calling the 800 number:      800020220 (for calls from inside Italy)      or the number: +39 011 4404900 (for calls from outside Italy)

- sending an e-mail to: corporate.affairs@telecomitalia.it