May/October 2005
May/October 2005
Buy back of TI Media Shares
On May 24, 2005, the shareholders meeting of TI Media approved the launch of a tender offer to buy back up to 10% of TI Media's ordinary and savings shares at a price per share of €0.40 and €0.33 respectively, corresponding to a maximum total of approximately €148 million and a reduction in share capital through the cancellation of the shares bought back.
As a result of the share buy back program TI Media currently holds 364,251,922 ordinary shares and 6,107,723 savings shares, which equals 10% of TI Media's ordinary share capital and 10% of its savings share capital. The ordinary and saving shares acquired by TI Media through the buyback offer were cancelled on October 18, 2005. TI Media's nominal share capital was reduced accordingly.
Press releases
24 May 2005 - 3:15 PM - Tuesday
› Telecom Italia Media: resolution passed for a buyback of up to 10% of the company's ordinary and savings shares and a subsequent decrease of capital Last updated: 20 july 2006 | 13:00