Disposal of a large block of shares
Date |
2015-07-03 |
Current report no. |
25/2015 |
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The Board of TIM S.A. with its registered seat in Wrocław, acting on the basis of Article 70, section 1 of the Act on Public Offering and the conditions for introducing financial instruments into an organized trading system and public companies makes public that on 03 July 2015 the Company was informed by Quercus Towarzystwo Funduszy Inwestycyjnych S.A. [investment fund company] acting on behalf of the managed investment funds – QUERCUS Parasolowy SFIO, QUERCUS Absolute Return FIZ, and QUERCUS Absolutnego Zwrotu FIZ (hereinafter referred to as “the Funds”) about the decrease by the Funds of the common share in the total number of votes in TIM S.A. below the threshold of 5% of the total number of shares in TIM S.A. The decrease of the number of held votes by the Funds below 5% of the total number of votes in the Company followed the transaction on the regulated market on 01 July 2015. In accordance with the statement referred to above, before the change in the share the Funds held 1,221,387 stocks of TIM S.A., which constituted a share of 5.50% of the share capital of the Company. Prior to the change in share stocks held by the Funds constituted 1,221,387 votes at the General Meeting of TIM S.A., which constituted 5.50% of the total number of votes at the General Meeting of the Company. As of 03 July 2015 the Funds held 1,075,887 stocks of TIM S.A. which granted right to 1,075,887 votes at the General Meeting of the Company which constitutes the share of 4.85% in the share capital of TIM S.A. and in the total number of votes at the General Meeting of the Company. |
SIGNATURES OF PERSONS REPRESENTING THE COMPANY
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2015-07-03, Krzysztof Folta – President of the Board |