Date	2022-11-16
Current report no.	33/2022

 

The Management Board of TIM S.A. with its registered office in Wrocław _hereinafter referred to as: the “Company” or “TIM S.A.”_ announces that in the performance of Resolution No. 5/23.10.2020 of the Extraordinary General Meeting of TIM S.A. on the incentive scheme for members of the Management Board, key managers of the Company and members of the Management Boards of subsidiaries _hereinafter referred to as: the “Resolution”_ published in the current report no. 31/2020 of 23.10.2020, on 16 November 2022 options have been granted to acquire TIM S.A. shares within Tranche III for 2023, after meeting the conditions and on the terms specified in the Resolution and the Regulations of the TIM S.A. incentive scheme for members of the Management Board, other key managers of the Company and members of Management Boards of subsidiaries adopted by the Supervisory Board of TIM S.A. on the basis of the Resolution, hereinafter referred to as: “Regulations”_ in the total quantity of 366,934, of which:

1_The Management Board of TIM S.A. received options to acquire 183,467 shares of TIM S.A., including:
Krzysztof Folta – President of the Management Board – the option to acquire 62,379 shares of TIM S.A.
Piotr Nosal – Member of the Management Board – the option to acquire 60,544 shares of TIM S.A.
Piotr Tokarczuk – Member of the Management Board – the 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 the total of options to acquire 103,767 shares of TIM S.A.

3_The key managers of TIM S.A. received the total of options to acquire 79,700 shares of TIM S.A.

After 24 months from the end of 2023 and meeting the conditions specified in the Resolution and the Regulations, the above-mentioned persons will be offered TIM S.A. shares in the amount specified above, on the terms described in the Resolution and the Regulations.

The Company announced the acquisition of options for the shares of TIM S.A. under Tranche I for 2021, 366,933 in total, in the current report no. 40/2020 of 22 December 2020. The Company announced the acquisition of options for the shares of TIM S.A. under Tranche II for 2022, 366,933 in total, in the current report no. 31/2021 of 16 November 2021.

The Management Board of TIM S.A. has decided to publish the above information as it may have a significant impact on the financial and economic situation of the Company and potentially on the price of TIM S.A. shares.

SIGNATURES OF PERSONS REPRESENTING THE COMPANY

2022-11-16, Krzysztof Folta – President of the Board 2022-11-16, Piotr Tokarczuk – Member of the Board