Tim 2025 Assembly ended with the approval of the budget and incentive plans intended for managers. But in an extraordinary session, the members have put a brake to some statutory changes key, rejecting the increase in the minimum threshold of shares to present lists to the board of directors and the board of auditors, as well as other proposals on the election procedures and voting rules.
On the other hand, the extension of Tim's corporate purpose and the introduction of a new role dedicated to sustainability reporting were widely approved.
At Piazza Affari, the title Tim rises 2,03% to 0,4 euros per share.
Tim: green light for budget and remunerations
In the first year with Post as a reference shareholder at 24,8% (while Vivendi drops to 2,5%), participation in the meeting was 54,7% of the ordinary capital. The shareholders have Approved with 99,9%of the votes the balance as at 31 December 2024.
Also the remuneration policy received his seal, with 93,99% of the votes in favour for the first section and 87,33% for the second, confirming a climate of consensus on the compensation paid. The attention of the members was also focused on the incentive plans for managers, with approval percentages almost unanimous for the “2025-2027 Performance Share Lti Plan” (98,83%) and the “2025-2027 Phantom Shares Plan” (99,45%). The 2022-2024 Stock Option Plan, on the other hand, gathered a more “timid” majority, with 66,3% of votes in favor.
The “surprises” of the Tim assembly: the rejected proposals
In the most "lively" chapter of the assembly, Tim failed to reach the fateful 66% of votes in favour for some changes key to the Articles 9, 17 and 19 of the Articles of Association. Among these:
- Reduction of the maximum number of components of the Board of Directors (65,96%)
- Increased of share threshold for Presentation of the lists (65,96%)
- Modification to the distribution criteria among the lists for the election of administrators (65,96%)
All failed by a hair's breadth.
Same fate for the proposals related to supervisory board and right to vote in the assembly, with approval rates of 65,92% and 60,17% respectively.
The green turn: green light for the expansion of the corporate purpose
On the other hand, the bill was approved with broad consensus. modification of the corporate purpose, which now includes a expansion of services offered from Tim, (article 3), along with other minor changes, including the appointment of a leader dedicated to the reporting of the sustainability and the elimination of the obligation to reinstate the tax suspension constraint to cover the losses of the 2023 and 2024 financial statements.
