Telecom Italia’s board of directors is scheduled to meet this coming Sunday to review a long-delayed plan involving the conversion of its savings shares into ordinary stock, according to sources familiar with the matter. The move aims to streamline the company’s capital structure and potentially improve its market valuation by increasing the liquidity and tradability of its shares.
The plan has been under discussion for some time, but has faced delays due to financial and strategic considerations. Converting savings shares into ordinary shares could impact shareholder composition and influence voting rights within the company, factors that have likely contributed to the postponement.
The upcoming board meeting is expected to evaluate the feasibility and implications of the proposed conversion, possibly setting the stage for a broader communication or approval process. Telecom Italia has not publicly confirmed the agenda for the meeting, nor detailed the specifics of the conversion plan.
The development comes amid ongoing efforts by Telecom Italia to align its corporate structure with market expectations and optimize its financial standing. Investors and analysts will be watching closely for any formal decisions or announcements following the board’s discussions.