TIM's Shareholders' Meeting was held today, with the participation of 65,093% of the ordinary share capital of the Company. All items on the agenda were approved with percentages very close to unanimity. In particular, the Shareholders' Meeting approved: the financial statements at December 31, 2020 of TIM SpA which closed with a net profit of 382 million euros (99,95% votes in favour); and the payment of the dividend on the basis of the amount of 1 euro cent per ordinary share, 2.75 euro cent per savings share. The dividend will be paid from 24 June 2020 with ex-dividend date on 22 June 2020 and record date on 23 June 2020 (99,04% votes in favour).
It was also approved the appointment of directors Salvatore Rossi and Franck Cadoret (already co-opted following the resignations of Fulvio Conti and Amos Genish respectively) with the expiry of their mandate, like the rest of the Board of Directors, with the approval of the financial statements as at 31 December 2020 (The appointment of both Directors obtained 99,99 % of votes in favour). Salvatore Rossi thus remains in the presidency of Tim. He also gave the green light to the company's remuneration report, both in the part relating to the final 2019 (94,03% votes in favour) and in the part dedicated to the remuneration policy for the 2020 financial year (94,98% votes in favour).
The assembly also discussed and deliberated the incentive plan based on financial instruments called the “Long Term Incentive Plan 2020-2022” (86,58% votes in favour) and the share issues at its service (86,59% votes in favour); as well as the 2020 employee share plan (99,58% votes in favour); and finally the modification of the art. 9 of the Articles of Association for the implementation of the legal provisions on gender balance (Law no. 160 of 27 December 2019, entered into force on 1 January 2020), providing for a board composition such that at least two fifths of the total directors belong to to the less represented gender (99,99% votes in favour).
