Poste Italiane

Business and Financial Review • Jan 26, 2016

Informazione Regolamentata n. 1130-4-2016		Data/Ora Ricezione 26 Gennaio 2016 18:10:35	MTA
Societa'	:	POSTE ITALIANE
Identificativo Informazione Regolamentata	:	68562
Nome utilizzatore	:	POSTEN03 - Fabio Ciammaglichella
Tipologia	:	IROS 02
Data/Ora Ricezione	:	26 Gennaio 2016 18:10:35
Data/Ora Inizio Diffusione presunta	:	26 Gennaio 2016 18:25:36
Oggetto	:	Poste Italiane: BoD approves the partial demerger of fixed line TLC business
Testo del comunicato

Vedi allegato.

POSTE ITALIANE: BOARD APPROVES PARTIAL DEMERGER OF POSTEMOBILE SPA'S FIXED LINE TELECOMMUNICATIONS BUSINESS TO POSTE ITALIANE SPA

Rome, 26 January 2016 - Today's meeting of the Board of Directors of Poste Italiane SpA ("Poste Italiane"), chaired by Luisa Todini, has approved the partial demerger of the fixed line telecommunications business ("Rete Fissa TLC") of PosteMobile SpA ("PosteMobile")to Poste Italiane. The transaction has been approved by the Board and not by a general meeting of shareholders (as it is subject to the simplified requirements applicable to demergers involving a wholly owned company, as specified below), in accordance with article 20.2 of the Company's Bylaws and articles 2505, paragraph 2 and 2506-ter, paragraph 5 of the Italian Civil Code.

PosteMobile is a wholly owned subsidiary of Poste Italiane and the above demerger, previously announced to the market on 11 December 2015, has been approved in line with the Poste Italiane Group's business plan, which positions the various business units - such as PosteMobile - as centres of excellence focused on the development of their respective service offerings, whilst at the same time aiming to integrate the Group's digital infrastructure and systems, with significant benefits in terms of the streamlining of processes and service quality.

The demerger was also approved today by an extraordinary general meeting of PosteMobile's shareholders. The related merger deed will be drawn up once the statutory deadlines have elapsed.

The minutes of today's meeting of Poste Italiane's Board will be made available to the public in accordance with statutory requirements. All other details of the transaction are contained in the merger plan (approved by the Board on 11 December 2015) and in additional documentation already made available on the Company's website.

For further information contact:

Poste Italiane SpA - Press Office Pierpaolo Cito Head of Press Office 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