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06/28/2005 - 06:52 PM

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Telecom Italia Media: Final results of Buyback on ordinary and savings shares

The cash tender offer described herein applies without distinction, under equal terms and conditions, to all Telecom Italia Media shareholders, but is not being made, directly or indirectly, in or into the United States, Canada, Japan, Australia or any other jurisdiction outside Italy in which the tender offer would require the authorization of the relevant regulatory authorities or would violate applicable laws or regulations (hereafter “Other Countries”). In like manner, no acceptance of this offer originating, directly or indirectly, from the United States, Canada, and Australia, nor from Other Countries where such acceptance would be in violation of local law, shall be considered valid or effective. The cash tender offer described herein is not being made directly or indirectly, in or into, and cannot be accepted, directly or indirectly from, the United States, Canada or Australia, nor into or from Other Countries either via the services of any market regulated by the United States, Canada, Australia or Other Countries, or by the use of the mails of, or by any means of domestic or international communication or trade of the United States, Canada, Australia or Other Countries (including, without limitation and by way of example only, by mail, fax, telex, e-mail, telephone, the Internet or any other electronic medium or format). Any such offer shall not be capable of acceptance by any such use, means, instrumentality or facility. The information contained herein does not constitute an offer of securities for sale in the United States or an offer to acquire or sell financial instruments in the United States, Canada, Australia or Other Countries.


Telecom Italia Media announces the final, official results of the buyback undertaken through a partial voluntary tender offer on the company’s ordinary and savings shares. This announcement follows the disclosure of the provisional results (June 24th) and statement confirming that the operation will proceed pursuant to the terms stated in the Offer (June 27th).

On the basis of the data provided by the intermediaries engaged to coordinate the collection of acceptances, the total number of tendered shares was as follows:

  • 503,147,360 ordinary shares, equal to approximately 13.81% of the ordinary share capital and approximately 138.13% of the ordinary shares subject to the offer;
  • 6,922,139 savings shares, equal to approximately 11.33% of the saving share capital and approximately 113.33% of the savings shares subject to the offer.

Since the number of ordinary and savings shares tendered was higher than the maximum number of shares covered by the offer, the company prorated the acceptances as follows: 72.394680% of ordinary shares and 88.234619% of savings shares.

The transfer to Telecom Italia Media of ownership of the company’s ordinary and savings shares tendered and accepted will take place on the scheduled payment date, July 1, 2005.

On completion of the offer, Telecom Italia Media holds an aggregate 364,251,922 of its ordinary shares and 6,107,723 of its savings shares, corresponding to approximately 10% of Telecom Italia Media ordinary capital and approximately 10% of its savings capital.

 

Rome, June 28, 2005