Fega & Schmitt Elektrogroßhandel, a member of the Würth Group, has extended the subscription period for its second tender offer for all TIM shares until 25 January 2024 – reports Santander Brokerage, the intermediary of the offer.

The subscription period, previously set to end on 27 October, has been extended to 6 December and then to 29 December 2023.

Expected transaction date for the purchase of shares on the WSE: 30 January 2024.

Expected settlement date of the share purchase transaction: 31 January 2024.

The offer price is PLN 50.69 per share.

A compendium of the tender offer procedure has been published by the Inviting Entity at https://wezwanie-tim.pl/(Polish only).