Poste Italiane

M&A Activity • Nov 9, 2016

Informazione Regolamentata n. 1130-60-2016		Data/Ora Ricezione 09 Novembre 2016 18:54:58	MTA
Societa'	:	POSTE ITALIANE
Identificativo Informazione Regolamentata	:	81182
Nome utilizzatore	:	POSTEN03 - Fabio Ciammaglichella
Tipologia	:	IROS 02
Data/Ora Ricezione	:	09 Novembre 2016 18:54:58
Data/Ora Inizio Diffusione presunta	:	09 Novembre 2016 19:09:59
Oggetto	:	Poste Italiane: BoD resolves the reorganization plan of the subsidiary Postecom
Testo del comunicato

Vedi allegato.

POSTE ITALIANE: BOARD RESOLVES THE CORPORATE REORGANISATION PLAN OF POSTECOM S.P.A. WITHIN THE GROUP

Rome, November 9, 2016 – Today's meeting of the Board of Directors of Poste Italiane SpA ("Poste Italiane"), chaired by Luisa Todini, has resolved to approve the corporate reorganisation plan of Postecom S.p.A. ("Postecom"), a subsidiary of Poste Italiane. In particular the plan, which was previously announced to the market on September 12, 2016, includes the following steps:

• partial demerger of Postecom to Postel S.p.A. ("Postel"), also a subsidiary of Poste Italiane, and of the business division handling the stake held by Postecom in PatentiViaPoste S.c.p.A. and in Consorzio Poste Motori;
• merger by incorporation of Postecom into Poste Italiane.

The resolution was passed by the Board of Directors and not by the Shareholders Meeting (as it involves a simplified merger and demerger procedure, because both companies are wholly owned, as specified above), in accordance with article 20.2 of the Company's By-laws and with Articles 2505, Para. 2 and 2506-ter, Para. 5 of the Italian Civil Code.

The partial demerger and merger by incorporation operation was also approved in today's Extraordinary Meeting of Postel and of Postecom, for their respective area of competence. The demerger and merger agreements will be signed at the expiry of the legally established period.

The minutes of the resolution passed in today's meeting of Poste Italiane's Board of Directors will be made available to the public under the terms and conditions provided for by law. For further details on the operation, please see the merger and demerger project (approved by the Board on September 12, 2016) and the additional documentation already available on the Company's website.

For further information contact:

Poste Italiane SpA – Press Office Pierpaolo Cito Head of Media Relations 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