Sentences with phrase «tim shareholders»
On Tuesday, TIM shareholders will vote on the 2017 financial statements, the company's remuneration policy and to confirm Amos Genish as chief executive.
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Since becoming a TIM shareholder in 2015, Vivendi has gradually tightened its grip and last year appointed two - thirds of TIM's board as well as making its own CEO, Arnaud de Puyfontaine, executive chairman of the former state phone monopoly.
In a document released online on Tuesday, media group Vivendi - which is the top TIM shareholder - said it provided «stability and expertise» to the Italian phone company, in contrast with the «quick fixes» that Elliott would bring.
Since first becoming a TIM shareholder in 2015, Vivendi has increasingly tightened its grip on the company.
Not exact matches
ROZZANO, Italy, April 24 (Reuters)- Telecom Italia (TIM) shareholders will vote on Tuesday to confirm Amos Genish as CEO, while a widely - anticipated showdown between the top two investors in Italy's biggest phone group over board seats is delayed by 10 days.
TIM will still hold its AGM on Tuesday to approve financial results and confirm Amos Genish as chief executive, but the standoff over the board seats will now be delayed to another shareholder meeting scheduled for May.
MILAN, April 23 (Reuters)- A judge ruled in favor of an appeal by Telecom Italia (TIM) and its leading investor Vivendi to block a vote on some board director replacements proposed by activist fund Elliott at an April 24 shareholders meeting, a court document showed.
TIM will still hold its AGM on Tuesday to approve financial results for 2017 and confirm Amos Genish as chief executive, but the standoff over the board seats will now be delayed to another shareholder meeting scheduled for May.
Since first becoming a shareholder in TIM in 2015, Vivendi has increasingly tightened its grip on the former state phone monopoly and appointed two - thirds of its board last year.
The decision comes as activist fund Elliott, which has built a potential holding of 5.7 percent in the former phone monopoly, has challenged the way TIM's biggest shareholder, France's Vivendi, manages the group.
ROZZANO, Italy (Reuters)- Telecom Italia's (TIM) top two investors will face off for the first time on Friday as they put their battle over board seats at the Italian phone group to a shareholder vote.