Business Wire

Elliott Advisors (UK) Limited Statement on Telecom Italia

Jaa

Elliott Advisors welcomes today’s positive step forward for corporate governance at Telecom Italia (“TIM” or the “Company”). Today’s win for the independent slate sends a powerful signal to Italy and beyond that engaged investors will not accept substandard corporate governance, paving the way for maximising value creation for all TIM’s stakeholders.

Elliott remains fully supportive of CEO Mr. Amos Genish and the entire management team and is fully aligned with Mr. Genish’s business plan. Elliott now looks forward to constructive dialogue and thoughtful consideration by TIM’s independent board and management team of Elliott’s various value creation proposals, including the reinstatement of the dividend at the appropriate time, exploring alternatives regarding Netco following legal separation, and the potential for a savings share conversion. TIM’s newly elected independent board can now properly consider these measures and more without the disproportionate influence from a single shareholder.

Today’s landmark vote represents a victory for all shareholders and opens a new chapter for TIM, in which the Company can build upon a foundation of improved governance to secure sustained value creation for all stakeholders.

About Elliott

Elliott Management Corporation manages two multi-strategy funds which combined have approximately $35 billion of assets under management. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds of its kind under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, and employees of the firm. Elliott Advisors (UK) Limited is an affiliate of Elliott Management Corporation.

Contact information

Media Contacts
London
Sarah Rajani CFA
Elliott Advisors (UK) Limited
+44 (0) 20 3009 1475
srajani@elliottadvisors.co.uk
or
Milan
Marcella Verini
Verini & Associates
+39 (02) 4539 5500
mverini@verinieassociati.com
or
Paris
Daphne Claude / Dominic Riding
Steele & Holt
+33 (0) 6 66 58 81 92 / +33 (0) 6 48 57 83 24
daphne@steeleandholt.com / dominic@steeleandholt.com

Tietoja julkaisijasta

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Tilaa tiedotteet sähköpostiisi

Haluatko tietää asioista ensimmäisten joukossa? Kun tilaat mediatiedotteemme, saat ne sähköpostiisi välittömästi julkaisuhetkellä. Tilauksen voit halutessasi perua milloin tahansa.

Lue lisää julkaisijalta Business Wire

TRAXENS Digital Freight Train Honored as « Coup De Cœur » By ERCI Innovation Awards IoT Based Solution Presented At InnoTrans 201819.9.2018 17:00Tiedote

TRAXENS today announced that ERCI Eurail Clusters has named TRAXENS DIGITAL FREIGHT TRAIN, Europe's first Freight Train to use an innovative IoT-based system allowing digitalization of operations, the winner of their « Coup de Cœur » Innovation Award. The prize has been given to the company at the InnoTrans 2018 tradeshow in Berlin. Initially launched with Fret SNCF, the TRAXENS DIGITAL FREIGHT TRAIN solution is based on smart devices capable of communicating with each other using wireless digital network. TRAXENS solution goes beyond smart wagons to connect the entire train offering new high-value-added services. Inherited from the Shipping Industry, TRAXENS DIGITAL FREIGHT TRAIN has been designed to work worldwide and manage any type of asset (e.g., Dry or Reefer container, wagon, trailer) which means that rail freight can be connected to the rest of the supplier chain anywhere, to explore and leverage door-to-door multimodal applications. « This industry recognition is a major miles

Sharjah Announces its First Fully Integrated Investors Services Centre19.9.2018 16:36Tiedote

In a bid to support prospective foreign investors expand their international growth ambition in the UAE, its third largest emirate, Sharjah, has announced the launch of a digitally robust business facilitation initiative, the Investors Services Centre. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180919005444/en/ General photo of Sharjah (Photo: Shurooq) The emirate’s investment and development authority, Shurooq, has partnered with Injazat Services, to develop this high-end facility to offer an exhaustive list of fully integrated business consultancy services, which will specially benefit new players on the UAE turf. The office will serve as a key access point for global business owners and investors in Sharjah, and serviced by a highly trained staff, will play an integral role in facilitating high-level and mid-level investments across a variety of sectors within the emirate. Through this service centre, investors will b

ISACA Research: Only 4 in 10 Tech Professionals Confident in Security of Their Organizations’ AI Deployments19.9.2018 16:00Tiedote

Despite heightened interest in enterprise deployment of artificial intelligence, only 40 percent of respondents to ISACA’s second annual Digital Transformation Barometer express confidence that their organizations can accurately assess the security of systems based on AI and machine learning. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180919005423/en/ ISACA's 2018 Digital Transformation Barometer looks at companies' digital transformation journeys, including the technologies with the biggest impacts and the positive effect of digitally literate leaders. (Graphic: Business Wire) This becomes especially striking given the potential for serious consequences from maliciously trained AI; survey respondents identify social engineering, manipulated media content and data poisoning as the types of malicious AI attacks that pose the greatest threat within the next five years. AI/machine learning also continued to rise toward the

Dutch Shareholder Foundation Achieves Significant Victory For Petrobras Investors With Billions In Losses In European Securities Fraud Litigation19.9.2018 15:17Tiedote

International Securities Associations & Foundations Management Company (ISAF) Today the District Court in Rotterdam has ruled in favor of Stichting Petrobras Compensation Foundation (SPCF or Foundation) regarding arguments to establish jurisdiction in the Netherlands for eligible Petrobras investors seeking compensation for losses related to the “Lavo Jato” or “Operation Car Wash” scandal. Also the Court ruled that the arbitration clause in Petrobras’ Articles cannot preclude the SPCF from bringing a claim against Petrobras on behalf of aggrieved Petrobras shareholders. ISAF congratulates SPCF on this important legal decision and reminds investors that losses from investments in primary shares of Petrobras traded in Brazil on the Brasil Bolsa Balcão S.A. or B3 - Brazil (formerly BM&FBOVESPA) and via linked markets in Europe and also Bonds bought outside the US, will not be compensated under the US $3 billion settlement in the US. Robert Frome, Chairman of ISAF, commented: “The ruling a

Cerebrum Therapeutics Wins Biotech Startup Pitch Competition Co-Sponsored by Scientist.com and iPEPS-ICM19.9.2018 15:06Tiedote

Scientist.com, the life science industry’s leading online marketplace for outsourced research, and the Brain and Spine Institute incubator, iPEPS-ICM, the first innovation accelerator dedicated to brain diseases in France, announced that Cerebrum Therapeutics won a biotech pitch competition with a prize package that includes 6 months free rent at iPEPS’ state-of-the-art facilities located in Paris’ 13th district and $10K USD in research services provided through the Scientist.com marketplace. Runner-up Cairn Biosciences will receive 3 months free rent at iPEPS and $6K USD in research services through Scientist.com. “It is an honor to be recognized by the Brain and Spine Institute and Scientist.com for our efforts to develop novel treatments for brain diseases and injuries,” said Vincent Serra, PhD, CEO and Co-Founder of Cerebrum Therapeutics. “The prizes will go a long way toward accelerating our breakthrough approach to testing promising chemical and biological properties in the CNS f

IBC Grows in Scope, Reach and Diversity19.9.2018 13:03Tiedote

IBC2018 has closed its doors for this year and has delivered another great event with visitor figures of 55,884. As well as providing a host of new initiatives this year, the exhibition grew by 667m2 and conference delegates were up by 14% year on year. One of the most important growth figures lies in the diversity of its content with a targeted effort increasing women speakers at the conference up from 14% to 37%. The IBC International Honour for Excellence saw its first-ever woman recipient this year, too. Joan Ganz Cooney was the co-creator of the global phenomenon that is Sesame Street, 50 years ago and her trophy was collected on her behalf by one of the street’s longest residents, Ernie. The IBC App has provided real networking opportunities, with more than 91,000 interactions on the matchmaking platform. In addition, IBC trended number one on Twitter in the Netherlands on several days of the convention, with 185 million potential impressions and over 250,000 video views. Engagem

Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.

Tutustu uutishuoneeseemme