TI Group share

Telecom Italia Group shares

07/18/2019 - 04:00 PM

All the information on Telecom Italia shareholders' rights.


1. What types of Telecom Italia shares does exist and what are the rights related to the holding?
2. On what stock exchanges are Telecom Italia shares traded?
3. What is the stock/ticker symbol for Telecom Italia?
4. What are ADRs?
5. When does Telecom Italia report its financial results?
6. How can I get in touch with the Group Investor Relations team?

 

1. What types of Telecom Italia shares does exist and what are the rights related to the holding?

The Share Capital of Telecom Italia is currently divided into two different types of shares: ordinary and savings. Holders of ordinary shares have the right to attend, intervene and vote during ordinary and extraordinary Shareholders’ Meetings. They also have the right to obtain a part of the net income allocated by the company, subsequent to its distribution to Savings Shareholders.
Holders of savings shares do not have the right to vote either in ordinary and in extraordinary Shareholders’ Meetings, but they benefit from the distribution of the net income for the year in the proportion of 5% of a fixed value of the share (0.55 euro) and, in any case, they have the right to receive a greater dividend than holders of ordinary shares in the proportion of 2% of the fixed value of the share.


2. On what stock exchanges are Telecom Italia shares traded?

Telecom Italia ordinary and savings shares are  currently floated in Milan Stock Exchange and New York Stock Exchange (NYSE) through ADR.

On June 14 the company started the process of voluntary delisting from NYSE. (For more information consult the Press Release).

Consequently, on 25 June 2019, TIM submitted the required documentation (Form 25) to the U.S. Securities and Exchange Commission (SEC) with the delisting to take effect 10 days thereafter. Accordingly, TIM S.p.A. ordinary and savings shares were listed on the NYSE until 5 July 2019.

On 9 July 2019, TIM submitted Form 15F requesting the SEC to deregister all classes of its financial instruments listed to date, including the US-registered bonds issued by the wholly owned subsidiary Telecom Italia Capital S.A., which are guaranteed by TIM. Upon deregistration (which will enter into effect after a 90 day period), TIM will request that it no longer be subject to the disclosure requirements of the U.S. Securities Exchange Act of 1934.

This operation will have no impact on the listing and trading of TIM ordinary and savings shares on the Italian Stock Exchange (Borsa Italiana).

The decision to delist the shares from the NYSE is in line with TIM’s objectives of simplification and cost saving, without detriment to its high standards of corporate governance, robust internal control system and transparent financial reporting (including publication on this website of English translations of financial reports, press releases and other regulated disclosures).


Market Capitalization of Telecom Italia is 9,45 billion euro for  (on the daily prices at June  06, 2019).

 

 

3. What is the stock/ticker symbol for Telecom Italia?

Where can I find information about the Telecom Italia stock performance?

The stock symbols used by Bloomberg to identify Telecom Italia shares are:

  • TIT IM (ordinary shares)
  • TITR IM (savings shares).

The stock symbols used by Reuters are:

  • TLIT.MI  (ordinary shares)
  • TLITn. IM (savings shares).

Information about the stock performance are available by clicking on the page TI shares. Alternatively, you can consult the Italian Stock Exchange website (www.borsaitaliana.com) visiting the page dedicated to Telecom Italia Group.


4. What are ADRs?

The ADR are representative certificates of ordinary and saving shares and are currently traded on NYSE. Each ADR is equal to 10 shares. JPMorgan Chase Bank is the ADR Telecom Italia’s depositary (www.adr.com).


5. When does Telecom Italia report its financial results?

You can find the upcoming financial events’ dates on the page Financial Calendar. Any change will be immediately notified. The most recent financial events and the presentations illustrated by the management and used during sector meetings and conferences, are stored under the section Presentations and webcasts.


6. How can I get in touch with the Group Investor Relations team?

Investor Relations Dept. manages daily contacts with the financial community and it’s available to answer to information requests about the Group and about the Telecom Italia stock performance.
The Group Investor Relations team's e-mail addresses are listed under the section Investors of this website, page Contacts.


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