Microsoft Word - comunicato stampa delibera scissione ramo TLC - ENG - 26.1.2016



POSTE ITALIANE: BOARD APPROVES PARTIAL DEMERGER OF POSTEMOBILE SPA'S FIXED LINE TELECOMMUNICATIONS BUSINESS TO POSTE ITALIANE SPA


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