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General

No need to choose new TIM board if AGM backs proposal - Elliott

Thursday 29 March 2018 | 11:40 CET | News

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Activist fund Elliott Advisors announced that shareholders of Telecom Italia (TIM) won't need to elect a new board in May if they support the six candidates it has proposed at the upcoming Annual Shareholders' Meeting to be held on 24 April. In a statement welcoming the decision by TIM's statutory auditors to supplement the agenda of the April meeting with its motion, Elliott added that: "should shareholders support Elliott's proposal to reinstate a fully empowered, independent board of directors at the upcoming AGM on April 24, Elliott does not believe another shareholder meeting on 04 May 4

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Categories: General
Companies: Telecom Italia / TIM / Vivendi
Countries: Italy
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