Notice on the reduction of share below 15% of the total number of votes in TIM SA
Date |
2017-12-08 |
Current report no. |
41/2017 |
| The Management Board of TIM SA, acting pursuant to Article 70 (1) of the Act on Public Offering and the Conditions of Introducing Financial Instruments to the Organized Trading System and on Public Companies, announces to the public that the Company, on December 7, 2017, was informed by ALTUS Towarzystwo Funduszy Inwestycyjnych S.A. _hereinafter referred to as “Towarzystwo” _, acting on behalf of the funds managed by Towarzystwo, that the investment funds managed by the Company reduced its share of votes in the total number of votes in TIM SA below 15%.
In accordance with the notice received from Towarzystwo, the reduction of the share below 15% of the total number of votes in the Company resulted from taking over of the management of Raiffeisen SFIO Parasolowy by Raiffeisen TFI SA on December 1, 2017. The transaction of purchase of 3000 Company shares cleared on December 1, 2017. In accordance with the notice received from Towarzystwo, before the change of the share, the funds managed by Towarzystwo held 3 814 002 shares of TIM S.A., which represented a share of 17.18% in the share capital of the Company. Before the change of the share, the shares owned by the funds managed by Towarzystwo entitled to 3 814 002 votes at the General Meeting of the Company, which constituted 17.18% of the total number of votes at the General Meeting of TIM SA. In accordance with the notice received from Towarzystwo, as of December 6, 2017, the funds managed by Towarzystwo owned 2 971 683 shares of TIM SA, which gave the right to 2 971 683 votes at the General Meeting of the Company, which represents a share of 13.39% in the share capital of TIM SA and in the total number of votes at the General Meeting of TIM SA. The total number of shares and votes at the General Meeting of TIM SA is 22 199 200. |
SIGNATURES OF PERSONS REPRESENTING THE COMPANY
| 2017-12-08, Krzysztof Folta – the President of the Management Board 2017-12-08, Anna Słobodzian-Puła – Member of the Management Board |