Tim: Poste buys shares on the market and increases its stake to 86.9 per cent

(Il Sole 24 Ore Radiocor) - Poste Italiane is buying TIM shares on the open market and increasing its existing holding following the public takeover bid. Taking into account the 429,363,990 TIM shares already held (representing approximately 20.104 per cent of TIM’s share capital), the shares tendered in response to the offer, and the purchases made today, on the payment date, Poste will hold a total of 1,857,060,167 TIM ordinary shares, representing approximately 86.952 per cent of the issuer’s share capital.

At the close of the takeover bid, Poste Italiane’s share price had risen to 85.82, representing a gain of around 1 per cent.

Sim