Rome, 26 January 2016 - Today's meeting of the Board of Directors of Poste Italiane SpA ("Poste
Italiane"),
chaired by Luisa Todini, has
approved
the partial demerger of the
fixed line
telecommunications
business ("Rete Fissa
TLC") of
PosteMobile SpA ("PosteMobile")to Poste
Italiane. The transaction has been approved by the
Board and not by
a general
meeting of
shareholders (as it is subject to the simplified requirements applicable to demergers involving a wholly owned company, as specified below), in accordance with article 20.2 of the Company's By‐ laws and articles 2505, paragraph 2 and 2506‐ter, paragraph 5 of the Italian Civil Code.
PosteMobile is a wholly owned subsidiary of Poste Italiane and the above demerger, previously announced to the market on 11 December 2015, has been approved in line with the Poste Italiane
Group's business plan, which positions the various
business units - such
as PosteMobile ‐ as
centres of excellence focused on the development of their respective service offerings, whilst at the same time aiming to integrate the Group's digital infrastructure and systems, with significant benefits in terms of the streamlining of processes and service quality.
The demerger was also approved today by an extraordinary g
neral meeting of PosteMobile's
shareholders. The related merger deed elapsed.
will be drawn up once the statutory dea
lines have
The minutes of today's meeting of Poste Italiane's Board will be made available to the public in accordance with statutory requirements. All other details of the transaction are contained in the
merger plan (approved by the Board on
11 December 2015) and in additional documentation
already made available on the Company's website.
For further information contact:
Poste Italiane SpA - Press Office Pierpaolo Cito
Head of Press Office Tel. +39 0659589008 Cell. +39 3351823403
Mail:citopier@posteitaliane.it
Poste Italiane SpA - Investor Relations Luca Torchia
Head of Investor Relations Tel. +39 0659589421 Cell. +39 3346402438
Mail:luca.torchia@posteitaliane.it
Poste Italiane S.p.A. issued this content on 27 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 January 2016 09:50:30 UTC
Original Document: http://www.posteitaliane.it/resources/editoriale/pdf/En/corporate_press_releases/comunicato-stampa-delibera-scissione-ramo-TLC-ENG-2612016.pdf