-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, V87peTi2xbFBB3/DqSV6+uyTAygUqVUddKXu5mVVMAYCci3TJw8kav5zj8mqH+Ks 5xsIc0M84474HUMPzuHOtA== 0000909518-06-001237.txt : 20061228 0000909518-06-001237.hdr.sgml : 20061228 20061228104939 ACCESSION NUMBER: 0000909518-06-001237 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20061228 DATE AS OF CHANGE: 20061228 GROUP MEMBERS: OLIMPIA S.P.A. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PIRELLI S P A CENTRAL INDEX KEY: 0001156964 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: VIALE SARCA 222 20126 CITY: MILAR ITALY STATE: L6 ZIP: 00000 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TELECOM ITALIA S P A CENTRAL INDEX KEY: 0000948642 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 000000000 STATE OF INCORPORATION: L6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-61827 FILM NUMBER: 061301827 BUSINESS ADDRESS: STREET 1: PIAZZA DEGLI AFFARI 2 CITY: 20123 MILAN STATE: L6 ZIP: L6 BUSINESS PHONE: 011-39-02-8595-1 MAIL ADDRESS: STREET 1: PIAZZA DEGLI AFFARI 2 CITY: 20123 MILAN STATE: L6 ZIP: L6 FORMER COMPANY: FORMER CONFORMED NAME: STET SOCIETA FINANZIARIA TELEFONICA PA DATE OF NAME CHANGE: 19950727 SC 13D/A 1 mv12-28_13da47.txt ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (Rule 13d-101) (Amendment No. 47) ------------------------------ TELECOM ITALIA S.P.A. (Name of Issuer) ORDINARY SHARES OF EURO 0.55 PAR VALUE EACH 87927W10 (Title of class of securities) (CUSIP number) ALEXANDER ROSENZWEIG, ESQ. VICE PRESIDENT AND CHIEF LEGAL OFFICER PIRELLI NORTH AMERICA, INC. 75 FIFTH STREET, SUITE 320-321 ATLANTA, GEORGIA 30308 (404) 920-0744 WITH A COPY TO: ELLEN J. ODONER, ESQ. WEIL, GOTSHAL & MANGES LLP 767 FIFTH AVENUE NEW YORK, NEW YORK 10153 (212) 310-8000 (Name, address and telephone number of person authorized to receive notices and communications) DECEMBER 19, 2006 (Date of event which requires filing of this statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [ ]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 7 Pages)
- ------------------------------------------------------------- --------------------------------------------------------- CUSIP No. 87927W10 13D Page 2 of 7 - ------------------------------------------------------------- --------------------------------------------------------- - ------------------------ -------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON PIRELLI & C. S.p.A. I.R.S. IDENTIFICATION NO. Not Applicable OF ABOVE PERSON - ------------------------ -------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [ ] - ------------------------ -------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------ -------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: BK, WC - ------------------------ -------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ------------------------ -------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Italy - ------------------------ -------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 182,113,185 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ------------------- -------------------------------------------------------------------------------- 8 SHARED VOTING POWER: 2,407,345,359 (See Item 5) ------------------- -------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER: 182,113,185 ------------------- -------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 2,407,345,359 (See Item 5) - ------------------------ -------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,589,458,544 - ------------------------ -------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ------------------------ -------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 19.35% - ------------------------ -------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO Page 2 of 7 pages - ------------------------------------------------------------- --------------------------------------------------------- CUSIP No. 87927W10 13D Page 3 of 7 - ------------------------------------------------------------- --------------------------------------------------------- - ------------------------ -------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON OLIMPIA S.p.A. I.R.S. IDENTIFICATION NO. Not Applicable OF ABOVE PERSON - ------------------------ -------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X] (b) [ ] - ------------------------ -------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------ -------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS: WC - ------------------------ -------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ] - ------------------------ -------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: Italy - ------------------------ -------------------------------------------------------------------------------------------------------- 7 SOLE VOTING POWER: 0 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH ------------------- -------------------------------------------------------------------------------- 8 SHARED VOTING POWER: 2,407,345,359 (See Item 5) ------------------- -------------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER: 0 ------------------- -------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER: 2,407,345,359 (See Item 5) - ------------------------ -------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 2,407,345,359 (See Item 5) - ------------------------ -------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [ ] - ------------------------ -------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 17.99% (See Item 5) - ------------------------ -------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO
Page 3 of 7 pages This Amendment No. 47 amends the Statement on Schedule 13D, dated August 9, 2001, as amended (as previously amended, the "Statement on Schedule 13D"), filed by Pirelli S.p.A. (which, as reported in Amendment No. 21 to the Statement on Schedule 13D, subsequently merged with and into Pirelli & C. S.p.A., a company incorporated under the laws of the Republic of Italy), and, commencing with Amendment No. 1 thereto, Olimpia S.p.A., a company incorporated under the laws of the Republic of Italy, with respect to the ordinary shares, euro 0.55 par value per share, of Telecom Italia S.p.A., a company incorporated under the laws of the Republic of Italy. Capitalized terms used in this Amendment without definition have the meanings ascribed to them in the Statement on Schedule 13D. Pirelli & C., Olimpia, Edizione Holding and Edizione Finance are members of a group with respect to the Telecom Italia Shares. (By virtue of the 2006 Shareholders Agreement described in Amendment No. 45 to the Statement on Schedule 13D, Assicurazioni Generali S.p.A. and Mediobanca S.p.A. may also be deemed to be members of that group.) This Amendment constitutes a separate filing on Schedule 13D by Pirelli & C. and Olimpia in accordance with Rule 13d-1(k)(2) under the Securities Exchange Act of 1934. Pirelli & C. and Olimpia are responsible solely for the information contained in their separate filing, except that information contained in the Statement on Schedule 13D concerning any director or officer of Olimpia nominated by Edizione Holding or Edizione Finance has been provided by the nominating person or by such nominee director or officer. ITEM 2. IDENTITY AND BACKGROUND On December 19, 2006, a shareholders' meeting of Olimpia resolved to amend the by-laws of Olimpia by (a) reducing the size of the board of directors from ten to six (and limiting the number of directors that may be drawn from any individual shareholder's list of nominees to half of the total number of directors) and (b) reducing to 81 percent the proportion of the total number of Olimpia shares required to be (i) represented at an extraordinary shareholders meeting in order to constitute a quorum and (ii) affirmatively voted in order to approve any resolution at an extraordinary shareholders meeting. Also at the shareholders' meeting of Olimpia, each of the following individuals was elected to the board of directors for a term of three fiscal years: Mr. Marco Tronchetti Provera, Mr. Carlo A. Puri Negri, Mr. Luciano Gobbi, Mr. Gilberto Benetton, Mr. Gianni Mion and Mr. Giancarlo Olgiati. Each of Messrs. Tronchetti Provera, Puri Negri and Gobbi was nominated by Pirelli & C., and each of Messrs. Benetton, Mion and Olgiati was nominated by Edizione Holding and Edizione Finance. (Subsequently, at a meeting of the Olimpia's board of directors held on the same date, Mr. Tronchetti Provera was confirmed as Chairman of Olimpia and Mr. Benetton was confirmed as Vice-Chairman of Olimpia.) Information concerning each of Messrs. Tronchetti Provera, Puri Negri, Gobbi, Benetton and Mion has previously been filed on this Statement on Schedule 13D. Mr. Olgiati's present principal occupation is partner of the Swiss law firm of Ghiringhelli, Olgiati e Asssociati and his business address is Via Nassa 38, 6900 Lugano, Switzerland. Mr. Olgiati is a Swiss citizen. He does not beneficially own any securities of Telecom Italia. Page 4 of 7 pages During the past five years, to the knowledge of Pirelli & C. and Olimpia, Mr. Olgiati has not been (i) convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violation with respect to such laws. A copy of a press release issued by Olimpia in connection with the December 19, 2006 shareholders' meeting is filed as Exhibit 107. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Reference is made to the swap transaction between Pirelli & C. and Credit Agricole Lazard Financial Products Bank ("Calyon") described in Item 5 of Amendment No. 7 to the Statement on Schedule 13D (the "Calyon Swap Transaction"). On November 23, 2006, the parties settled the Calyon Swap Transaction in cash without the physical delivery of any securities. Reference is made to the equity swap transaction between PFL and JPMorgan Chase Bank ("JPMorgan") described in Item 5 of Amendment No. 10 to the Statement on Schedule 13D (the "JPMorgan Swap Transaction"). On December 19, 2006, the parties settled the JPMorgan Swap Transaction in cash without the physical delivery of any securities. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS 107. Press Release, dated as of December 19, 2006, issued by Olimpia. Page 5 of 7 pages EXHIBIT INDEX Exhibit No. - ----------- 107. Press Release, dated as of December 19, 2006, issued by Olimpia. Page 6 of 7 pages SIGNATURES After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: December 21, 2006 PIRELLI & C. S.p.A. By: /s/ Anna Chiara Svelto ---------------------------------------- Name: Anna Chiara Svelto Title: Attorney-in-fact OLIMPIA S.p.A. By: /s/ Luciano Gobbi ---------------------------------------- Name: Luciano Gobbi Title: Director and Attorney-in-fact Page 7 of 7 pages EX-99 2 mm12-2206_13da47e107.txt EXHIBIT 107 OLIMPIA SPA PRESS RELEASE ------------------------- OLIMPIA: NEW BOARD OF DIRECTORS APPOINTED MARCO TRONCHETTI PROVERA AND GILBERTO BENETTON CONFIRMED AS CHAIRMAN AND VICE CHAIRMAN. NUMBER OF BOARD MEMBERS REDUCED FROM TEN TO SIX. Milan, 19 December 2006 - The Shareholders' meeting of Olimpia SpA, which met today, approved the following changes to the by-laws, already announced to the market, as proposed by the Board of Directors on 6 November 2006: o reduction of the number of members of the Board of Directors from ten to six and introduction of a clause that limits the maximum number of members of the Board that may be drawn from a single list to half of the total number of directors (three); o reduction of the quorum required for constitution of an extraordinary Shareholders' meeting, and for all relating resolutions, to 81%. The Shareholders' meeting also established that the Board of Directors would remain in office for three years (and thus until approval of the 31 December 2008 balance sheet) and appointed as directors Marco Tronchetti Provera, Carlo A. Puri Negri and Luciano Gobbi (drawn from the list presented by Pirelli & C. SpA), Gilberto Benetton, Gianni Mion and Giancarlo Olgiati (drawn from the list presented jointly by Edizione Finance International SA and Edizione Holding SpA). The Board of Directors, which met following the Shareholders' meeting, confirmed Marco Tronchetti Provera and Gilberto Benetton in the roles, respectively, of Chairman and Vice Chairman of the Company. -----END PRIVACY-ENHANCED MESSAGE-----