Date	2020-12-22
Current report no.	40/2020

 

Management Board of TIM S.A. with its registered office in Wrocław (hereinafter: “Company” or “TIM S.A.”) notifies that in the execution of the Resolution No. 5/23.10.2020 of the Extraordinary Shareholders’ Meeting of TIM S.A. on the Incentive Scheme for Board Members, the Company Key Managers and board members of the subsidiaries (hereinafter: “Resolution”) published in current report No. 31/2020 of 23.10.2020, on 22 December 2020 were concluded agreements for the participation in the Incentive Scheme of TIM S.A. with its registered office in Wrocław for Board Members, other Company key managerial staff and board members of the subsidiaries (hereinafter: “Incentive Scheme”) by virtue of which options to acquire shares of TIM S.A. have been granted in the I Tranche for the year 2021 after having met the conditions and under the principles specified in the Resolution and the Regulations of the Incentive Scheme of TIM S.A. adopted by the Supervisory Board of TIM S.A. based on the Resolution, for Board Members, other Company key managerial staff and board members of the subsidiaries (hereinafter: “Regulations”) in the total number of 366 933 shares, of which:

1_ Management Board of TIM S.A. received a joint option to acquire 183 466 shares of TIM S.A., of which:

Krzysztof Folta – President of the Management Board – option to acquire 62 378 shares of TIM S.A.
Piotr Nosal – Member of the Management Board – option to acquire 60 544 shares of TIM S.A.
Piotr Tokarczuk – Member of the Management Board – option to acquire 60 544 shares of TIM S.A.

2_ Members of the Management Board of 3LP S.A. with its registered office in Siechnice – a subsidiary of TIM S.A., received a joint option to acquire 91 767 shares of TIM S.A.

3_ members of key managerial staff of TIM S.A. received a joint option to acquire 91 700 shares of TIM S.A.

After the lapse of 24 months from the end of the year 2021 and having met the conditions specified in the Resolution and the Regulations the above mentioned individuals will be offered to acquire shares of TIM S.A. in the number specified above and under the conditions described in the Resolution and the Regulations.

Management Board of TIM S.A. has made a decision on the publication of the above information due to the fact that it may have a significant impact on the Company’s financial and economic situation and potentially on the price of the shares of TIM S.A.

 

SIGNATURES OF PERSONS REPRESENTING THE COMPANY

2020-12-22, Krzysztof Folta – President of the Board 2020-12-22, Piotr Tokarczuk – Member of the Board