TIM completes savings share conversion; share capital rises to 21.4 billion shares

(Alliance News) - Telecom Italia Spa announced on Tuesday that the subscription period for the voluntary conversion of TIM savings shares into ordinary shares has concluded, alongside the mandatory conversion process.

During the voluntary conversion window, 5.6 billion TIM savings shares, representing approximately 94% of the total shares in that class, were submitted for conversion. The process was based on a conversion ratio of one ordinary share for each savings share, subject to a cash equalization payment of EUR0.12 gross per savings share, resulting in a total outlay for the company of EUR676.1 million.

Savings shares for which the voluntary conversion option was not exercised will undergo mandatory conversion effective May 21. These will be converted at a ratio of one ordinary share for each savings share, with an equalization payment of EUR0.04 gross per share.

Upon completion of the conversion, a total of 6.03 billion new ordinary shares will be issued. Consequently, TIM's share capital will be comprised of a total of 21.36 billion ordinary shares.

Telecom Italia shares closed Tuesday's session down 1.1% at EUR0.7164 per share.

By Michele Cirulli, Alliance News reporter

Comments and questions to [e-mail]

Copyright 2026 Alliance News IS Italian Service Ltd. All rights reserved.