Closing of the review of the strategic options for the TIM Capital Group
17.03.2020
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Date |
2020-03-17 |
Current report no. |
10/2020 |
| TIM S.A. with its registered office in Wrocław _ hereinafter „TIM S.A.” or “Company” _ notifies that on 17.03.2020 the Company’s Management Board adopted a resolution on the completion of the review process of the strategic options for the TIM Capital Group whose commencement was announced by the Company in current report No. 29/2019 of 27.09.2019. As part of the conducted process the Management Board of TIM S.A. has carried out an analysis of various development scenarios of the TIM CG and assessed the market conditions for their implementation. As a result of the conducted review of the strategic options, the Management Board of TIM S.A. has made the decision that in the current market situation continuation of the implementation of the TIM Capital Group’s current development strategy is an optimal solution for the achievement of the Company’s long-term goal, which is the increase of the value for shareholders. |
SIGNATURES OF PERSONS REPRESENTING THE COMPANY
| 2020-03-17, Piotr Nosal – Member of the Board 2020-03-17, Piotr Tokarczuk – Member of the Board |