Telecom Italia S.p.A. annuncia l’ammontare massimo complessivo dell’offerta di riacquisto di bond pari a 600 milioni di euro

13/01/2015 - 12:07

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Il presente comunicato non può essere distribuito negli Stati Uniti, né ad alcuna persona che si trovi o sia residente o domiciliata negli Stati Uniti, i suoi territori o possedimenti, in qualsiasi stato degli Stati Uniti o nel distretto di Columbia (inclusi Porto Rico, Isole Vergini, Guam, Samoa, Isole Wake, Isole delle Marianne settentrionali) ovvero a qualunque persona che si trovi o sia residente in ogni altra giurisdizione in cui la distribuzione del presente documento sia contraria alla legge.

Telecom Italia S.p.A. (la Società), con comunicato stampa pubblicato il 12 gennaio 2015, ha annunciato l'invito, rivolto ai Portatori idonei delle proprie Notes denominate, rispettivamente, “€750.000.000 4,625 per cent Notes due 2015” (le Notes con scadenza 2015); “€1.000.000.000 5,125 per cent Notes due 2016” (le Notes con scadenza 2016); “€1.000.000.000 7,00 per cent Notes due 2017” (le Notes con scadenza Gennaio 2017); e “€1.000.000.000 4,500 per cent Notes due 2017” (le Notes con scadenza Settembre 2017 e, congiuntamente alle Notes con scadenza 2015, le Notes con scadenza 2016 e le Notes con scadenza Gennaio 2017, le Notes e ciascuna una Serie), ad offrire le proprie Notes per il riacquisto da parte della Società a fronte di un corrispettivo in denaro (tale invito con riferimento a tutte le Serie, le Offerte e ciascuna un’Offerta).

Le Offerte sono soggette ai termini e alle condizioni previsti dal tender offer memorandum del 12 gennaio 2015 (il Tender Offer Memorandum) predisposto in relazione alle Offerte e alle restrizioni di offerta e distribuzione indicate di seguito. I termini in maiuscolo nel presente comunicato non altrimenti definiti hanno il significato ad essi attribuito nel Tender Offer Memorandum.

Ammontare Massimo Complessivo

Con il presente comunicato, la Società annuncia che intende accettare offerte di acquisto ai sensi delle Offerte fino ad un Ammontare Massimo Complessivo pari a €600.000.000.  

La Società si riserva in ogni caso il diritto, a propria esclusiva discrezione e per qualsiasi ragione, di modificare l’Ammontare Massimo Complessivo ovvero di accettare un ammontare superiore o inferiore all’Ammontare Massimo Complessivo per il riacquisto delle Notes ai sensi delle Offerte.

Termine di scadenza

Le Offerte si concluderanno alle 17:00 (CET) del 20 gennaio 2015.

Ulteriori informazioni

Una descrizione completa dei termini e delle condizioni delle Offerte è contenuta nel Tender Offer Memorandum. BNP Paribas, Crédit Agricole Corporate and Investment Bank e Société Générale agiscono in qualità di Dealer Manager delle Offerte.

Qualsiasi domanda o richiesta di assistenza relative alle Offerte potrà essere inviata a:

SOLE STRUCTURING ADVISOR AND GLOBAL COORDINATOR

Société Générale

10 Bishops Square
E1 6EG London

United Kingdom

 

Attenzione: Liability Management - DCM

Telefono: +44 20 7676 7579

Email: liability.management@sgcib.com

I DEALER MANAGER

 

BNP Paribas

10 Harewood Avenue

London NW1 6AA

United Kingdom

 

Attenzione: Liability Management Group

Telefono: +44 20 7595 8668

Email: liability.management@bnpparibas.com

 

Crédit Agricole Corporate and Investment Bank

Broadwalk House

5 Appold Street

EC2A 2DA London

United Kingdom

 

Attenzione: Cyril Chatelain

Telefono: +44 207 214 7440

Email: liability.management@ca-cib.com

 

Société Générale

10 Bishops Square
E1 6EG London

United Kingdom

 

Attenzione: Liability Management - DCM

Telefono: +44 20 7676 7579

Email: liability.management@sgcib.com

 

Domande e richieste di assistenza relative alla consegna di Istruzioni per l'Offerta inclusa la richiesta di una copia del Tender Offer Memorandum possono essere rivolte a:

IL TENDER AGENT

Lucid Issuer Services Limited

Leroy House

436 Essex Road

London N1 3QP

United Kingdom

 

Attenzione: Paul Kamminga

Telefono: +44 20 7704 0880

Email: telecomitalia@lucid-is.com

Ciascun Portatore delle Notes è il solo responsabile di effettuare una valutazione su tutte le questioni che lo stesso ritenga utile (ivi incluso quelli attinenti alla/e relativa/e Offerta/e) e ciascun Portatore delle Notes dovrà decidere se offrire in tutto o in parte le Notes possedute in conformità alla/e Offerta/e.

Né i Dealer Manager, né il Tender Agent né i rispettivi amministratori, dirigenti, dipendenti, agenti o soggetti affiliati o collegati si assumono alcuna responsabilità circa l’accuratezza e la completezza delle informazioni relative alla Società, alle Notes o alle Offerte contenute nel presente comunicato ovvero nel Tender Offer Memorandum. Nessuno tra i Dealer Manager, il Tender Agent o i loro rispettivi amministratori, dirigenti, dipendenti, agenti o soggetti affiliati o collegati 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 alle Offerte e, pertanto nessuno tra i Dealer Manager, il Tender Agent o i loro rispettivi amministratori, dirigenti, dipendenti, agenti o soggetti affiliati o collegati assume alcuna responsabilità con riferimento alla mancata comunicazione da parte della Società di informazioni relative alla Società stessa o alle Notes che siano considerate rilevanti nell’ambito delle Offerte e che non siano informazioni già diffuse presso il pubblico.

Né i Dealer Manager, né il Tender Agent né i rispettivi amministratori, dirigenti, dipendenti, agenti o soggetti affiliati o collegati forniscono alcuna dichiarazione o raccomandazione in relazione alle Offerte, o alcun suggerimento ai Portatori di Notes in merito alla scelta di aderire o meno alle Offerte.

Disclaimer

This announcement must be read in conjunction with the Tender Offer Memorandum. This announcement and the Tender Offer Memorandum contain important information which should be read carefully before any decision is made with respect to the Offers. If any Noteholder is in any doubt as to the contents of this announcement or the Tender Offer Memorandum 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 Tender Offer Memorandum constitutes an invitation to participate in the Offers 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 Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession either this announcement or the Tender Offer Memorandum comes are required by each of the Company, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions.

United States

The Offers are not being made, and will not be made, directly or indirectly in or into, or by use of the mail of, or by any means or instrumentality of interstate or foreign commerce of or of any facilities of a national securities exchange of, the United States or to or for the account or benefit of, U.S. Persons (within the meaning of Regulation S under the United States Securities Act of 1933, as amended (Regulation S)). This includes, but is not limited to, facsimile transmission, electronic mail, telex, telephone, the internet and other forms of electronic communication. The Notes may not be tendered in the Offers by any such use, means, instrumentality or facility from or within the United States or by persons located or resident in the United States, as defined in Regulation S. Accordingly, copies of the Tender Offer Memorandum and any other documents or materials relating to the Offers are not being, and must not be, directly or indirectly mailed or otherwise transmitted, distributed or forwarded (including, without limitation, by custodians, nominees or trustees) in or into the United States or to any persons located or resident in the United States. Any purported tender of Notes in an Offer resulting directly or indirectly from a violation of these restrictions will be invalid and any purported tender of Notes made by a person located or resident in the United States or from within the Unites States or from any agent, fiduciary or other intermediary acting on a non-discretionary basis for a principal giving instructions from within the United States will be invalid and will not be accepted.

Each holder of Notes participating in an Offer will represent that it is not located in the United States and it is not participating in such Offer from the United States, or that it is acting on a non-discretionary basis for a principal that is located outside the United States that is not giving an order to participate in such Offer from the United States. For the purposes of this and the above paragraph, United States means the United States of America, its territories and possessions (including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands), any state of the United States of America and the District of Columbia.

Italy

None of the Offers, the Tender Offer Memorandum or any other documents or materials relating to the Offers 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 Offers are being carried out in the Republic of Italy (Italy) as exempted offers 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 Offers 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 Offers or the Tender Offer Memorandum.

United Kingdom

The communication of the Tender Offer Memorandum and any other documents or material relating to the Offers 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 Offers are not being made, directly or indirectly, to the public in the Republic of France (France). Neither the Tender Offer Memorandum nor any other document or material relating to the Offers 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 Offers. The Tender Offer Memorandum has not been and will not be submitted for clearance to nor approved by the Autorité des Marchés Financiers.

Belgium

Neither the Offers, the Tender Offer Memorandum nor any other documents or materials relating to the Offers 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 Offers may not be made in Belgium by way of a public offering, as defined in Articles 3, §1, 1°  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 Offers may not be advertised and the Offers will not be extended, and neither the Tender Offer Memorandum nor any other documents or materials relating to the Offers (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 Tender Offer Memorandum has been issued only for the personal use of the above qualified investors and exclusively for the purpose of the Offers. Accordingly, the information contained in the Tender Offer Memorandum may not be used for any other purpose or disclosed to any other person in Belgium.

General

Neither this announcement nor the Tender Offer Memorandum constitutes an offer to buy or the solicitation of an offer to sell Notes (and tenders of Notes will not be accepted from Noteholders) in any circumstances in which such offer or solicitation is unlawful. In those jurisdictions where the securities, blue sky or other laws require the Offers 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 Offers 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 Noteholder 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 Tender Offer Memorandum. Any tender of Notes for purchase pursuant to an Offer from a Noteholder that is unable to make these representations may be rejected. Each of the Company, the Dealer Managers and the Tender Agent reserves the right, in its absolute discretion (and without prejudice to the relevant Noteholder'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 Noteholder 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, 13 gennaio 2015