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Inwit CEO resigns as TIM closes sale of stake to Ardian consortium

Infrastrutture Wireless Italiane S.p.A. announces that on 3 August 2022 its CEO, Giovanni Ferigo, and non-executive Directors Giovanna Bellezza, Sabrina Di Bartolomeo, Rosario Mazza and Agostino Nuzzolo resigned from their offices as of the closing date of the agreement for the sale of shares in Daphne 3 S.p.A. (which owns a 30.2% stake in INWIT) signed on 14 April 2022 between TIM S.p.A. and a consortium of investors led by ARDIAN.

Following the closing of the Transaction, completed today, the entire Board is deemed to have resigned pursuant to art. 13.18 of the INWIT company bylaws, on the understanding that these directors will remain in office until the Board of Directors is re-established as appointed by the shareholders’ meeting.

Therefore, a meeting of the Board of Directors is scheduled on 9 August 2022 to convene the Shareholders’ Meeting.

CT Bureau

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