Bonds of the series T.I. 1.5% 2001-2004 convertible bonds

11/29/2003 - 08:00 AM

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TELECOM ITALIA S.P.A.
Registered Office in Milan, Piazza degli Affari, 2
Corporate Headquarters in Rome, Corso d'Italia, 41
Fully paid-up share capital Euro 8,845,640,599.40
Tax/VAT and Milan Company Register number: 00488410010

BONDS OF THE SERIES
“TELECOM ITALIA 1.5% 2001-2004 CONVERTIBLE BONDS WITH PREMIUM UPON REDEMPTION”

ISIN CODE IT 0003056915

 

Holders of bonds of the Series “Telecom Italia 1.5% 2001-2004 convertible bonds with premium upon redemption” (already known as “Olivetti 1.5% 2001-2004 convertible bonds with premium upon redemption”) are reminded that, in accordance with article 2 of the related Regulation, the notes shall be redeemed in full on January 1, 2004.

 

At redemption, an amount equal to 5.07759% of the nominal value of each note shall be paid to each Noteholder in addition to the nominal value of the note, and therefore the total amount paid per note shall be 105.07759% of the nominal value of the note. Therefore the redemption price shall be equal to euro 2.6 x 105.07759% = euro 2.73201734 for each note hold. No expenses shall be deducted on redemption.

 

In accordance with article 3 of the Regulation, on January 1, 2004 the interest borne for year 2003, at the rate of  1.5% per annum calculated on the nominal value, and equal to the gross amount of euro 0.039 per note, shall be paid.

 

In accordance with article 6 of the Regulation, the conversion notice may be delivered not later than December 15, 2003. For the conversion notices received from December 1 to December 15, 2003, the conversion shares (currently equal to n. 0.471553 Telecom Italia ordinary shares for each convertible bond) will be made available to the entitled Noteholder on December 30, 2003.

 

Request for information or clarification may be made calling  phone number: +39 011 4404900

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