-----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, HRBe8YGe0L55LcMNsIlHOrDnjHLWZrX/n1b2d1x49yl4+1J2sCuJjglkQwRvyneD 4HKcGDL4NxXuU7zHiWZjRA== 0000950117-04-000498.txt : 20040202 0000950117-04-000498.hdr.sgml : 20040202 20040202172522 ACCESSION NUMBER: 0000950117-04-000498 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20040202 GROUP MEMBERS: EDIZIONE FINANCE INTERNATIONAL S.A. GROUP MEMBERS: RAGIONE S.A.P.A. DI GILBERTO BENETTON E C. FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EDIZIONE HOLDING SPA CENTRAL INDEX KEY: 0001164752 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: CALMAGGIORE 23 STREET 2: TERVISO CITY: 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 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-61827 FILM NUMBER: 04560146 BUSINESS ADDRESS: STREET 1: CORSO D ITALIA 41 CITY: ROME 00198 STATE: L6 BUSINESS PHONE: 2123088799 MAIL ADDRESS: STREET 1: 400 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: STET SOCIETA FINANZIARIA TELEFONICA PA DATE OF NAME CHANGE: 19950727 SC 13D/A 1 a36984.txt TELECOM ITALIA S.P.A. ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A -------------- (Rule 13d-101) (Amendment No. 21) ------------------------------ 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) Dott. Gianni Mion Edizione Holding S.p.A. Calmaggiore 23 31100 Treviso Italy (+39) 0422-5995 With a copy to: Michael S. Immordino, Esq. Latham & Watkins 99 Bishopsgate London EC2M 3XF England (+44) 207-710-1076 (Name, address and telephone number of person authorized to receive notices and communications) January 23, 2004 (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 9)
- ----------------------------------------------------------- --------------------------------------------------- CUSIP No. 87927W10 13D - ----------------------------------------------------------- --------------------------------------------------- - ----------------------- -------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON EDIZIONE HOLDING 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 - ----------------------- -------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES -------------------- -------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 1,751,765,823 OWNED BY (See Item 5) -------------------- -------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER: 0 EACH -------------------- -------------------------------------------------------------------------- REPORTING 10 SHARED DISPOSITIVE POWER: 1,751,765,823 (See Item 5) PERSON WITH - ----------------------- -------------------- ------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,751,765,823 (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): 17.01% (See Item 5) - ----------------------- -------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO
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- ----------------------------------------------------------- --------------------------------------------------- CUSIP No. 87927W10 13D - ----------------------------------------------------------- --------------------------------------------------- - ----------------------- -------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON EDIZIONE FINANCE INTERNATIONAL S.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 - ------------------------ ------------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ------------------- ------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 1,751,765,823 OWNED BY (See Item 5) ------------------- ------------------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER: 0 EACH ------------------- ------------------------------------------------------------------------- REPORTING 10 SHARED DISPOSITIVE POWER: 1,751,765,823 PERSON WITH (See Item 5) - ------------------------ ------------------- ------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,751,765,823 (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): 17.01% (See Item 5) - ------------------------ ------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO
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- ----------------------------------------------------------- --------------------------------------------------- CUSIP No. 87927W10 13D - ----------------------------------------------------------- --------------------------------------------------- - ------------------------ ------------------------------- --------------------------------------------------- 1 NAME OF REPORTING PERSON RAGIONE S.a.p.a. DI GILBERTO BENETTON E C. 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 - ------------------------ ------------------------------------------------------------------ -------------------------------- NUMBER OF 7 SOLE VOTING POWER: 0 SHARES ------------------------------------------------------------------ -------------------------------- 8 SHARED VOTING POWER: 1,751,765,823 (See Item 5) BENEFICIALLY OWNED BY ------------------------------------------------------------------ -------------------------------- 9 SOLE DISPOSITIVE POWER: 0 EACH REPORTING ------------------------------------------------------------------ -------------------------------- 10 SHARED DISPOSITIVE POWER: 1,751,765,823 (See Item 5) PERSON WITH - ------------------------ ------------------------------------------------------------------ -------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,751,765,823 (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): 17.01% (See Item 5) - ------------------------ --------------------------------------------------------------------------------- ----------------- 14 TYPE OF REPORTING PERSON: PN
(Page 4) This Amendment No. 21 amends the Statement on Schedule 13D dated August 9, 2001, as amended (as previously amended, the "Statement on Schedule 13D") filed by Edizione Holding S.p.A., a company incorporated under the laws of the Republic of Italy ("Edizione Holding"), Edizione Finance International S.A., a company incorporated in the Duchy of Luxembourg ("Edizione Finance"), and Ragione S.a.p.a. di Gilberto Benetton e C., a partnership organized under the laws of the Republic of Italy ("Ragione") (Edizione Holding, Edizione Finance and Ragione, are collectively referred to herein as the "Edizione Reporting Persons") 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. This Amendment is being filed by each of the Edizione Reporting Persons. Pirelli, the Purchaser, Edizione Holding, UCI, BCI, and, as discussed in Items 4 and 6 of Amendment No. 10 to the Statement on Schedule 13D, Hopa are members of a group with respect to the Telecom Italia Shares. The Edizione Reporting Persons are making a separate filing on Schedule 13D in accordance with Rule 13d-1(k)(2) under the Securities Exchange Act of 1934 and are solely responsible for the information contained in this filing, except that information contained in the Statement on Schedule 13D concerning any director or officer of the Purchaser nominated by Pirelli, UCI, BCI or Hopa has been provided by the nominating person or by such nominee director or officer. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect --------------------------------------------------------------------- to Securities of the Issuer --------------------------- Reference is made to the Hopa Agreement (as that term is defined in Item 6 of Amendment No. 13 to the Statement on Schedule 13D). On January 23, 2004, the parties to the Hopa Agreement entered into an agreement to amend the Hopa Agreement (the "Hopa Agreement Amendment"). The Hopa Agreement Amendment relieves Hopa of certain restrictions contained in the Hopa Agreement relating to Hopa's ownership of Telecom Italia Shares in order to permit Hopa to enter into a transaction with Nexgen Capital Limited pursuant to which Hopa will receive 229,411,021 Telecom Italia Shares in exchange for certain derivative instruments whose value is linked to the performance of Telecom Italia Shares. A copy of an English translation of the Hopa Agreement Amendment is filed as Exhibit 46. Item 7. Material to be Filed as Exhibits -------------------------------- 46. Hopa Agreement Amendment, dated as of January 23, 2004 [English translation]. (Page 5) EXHIBIT INDEX Exhibit No. - ----------- 46. Hopa Agreement Amendment, dated as of January 23, 2004 [English translation]. (Page 6) SIGNATURE After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: February 2, 2004 EDIZIONE HOLDING S.p.A. By: /s/ Gianni Mion ------------------------------ Name: Gianni Mion Title: Chief Executive Officer (Page 7) SIGNATURE After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: February 2, 2004 EDIZIONE FINANCE INTERNATIONAL S.A. By: /s/ Gustave Stoffel ------------------------------- Name: Gustave Stoffel Title: Director (Page 8) SIGNATURE After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: February 2, 2004 RAGIONE S.a.p.a DI GILBERTO BENETTON E C. By: /s/ Gilberto Benetton ------------------------------- Name: Gilberto Benetton Title: Chairman (Page 9) EX-99 3 ex99-46.txt EXHIBIT 46 Exhibit 46 Milan, January 23, 2004 Messrs. HOPA S.p.A. Holding of Corporate Participations Corso Zanardelli, 32 25121 Brescia We transcribe in full the text of your letter received today in token of acceptance: * * * "Messrs. Olimpia S.p.A. Pirelli & C. S.p.A. Banca Intesa S.p.A. Unicredito Italiano S.p.A. Edizione Finance International S.A. Edizione Holding S.p.A. (as guarantor of the obligations of Edizione Finance International S.A.) c/o Olimpia S.p.A. Viale Sarca, 222 20100 Milan Attn: President Brescia, January 8, 2004 BY MAIL FIRST SENT BY FAX TO No. 02 8535 4469 Re: Modification agreement of the Contract executed on February 21, 2003 Dear Sirs, We are referring to the Contract executed on February 21, 2003 by the undersigned company, as party of the first part, and Olimpia S.p.A., Pirelli S.p.A. (now Pirelli & C. S.p.A.), Banca Intesa S.p.A., Unicredito Italiano S.p.A., Edizione Finance International S.A., as party of the second part (hereinafter the "Contract"). Following our discussions, we are transmitting below the draft text of the modification agreement of the provisions of the Contract, according to the terms and conditions below. * * * * * MODIFICATION AGREEMENT Between Pirelli & C. S.p.A., headquartered in Milan, Via G. Negri, 10, capital Euro 1,799,399,399.20, recorded with the Register of Companies of Milan under No., taxpayer code and VAT code 00860340157, in the person of the Chairman of the Board of Directors, Dr. Marco Tronchetti Provera, who has the necessary powers; Edizione Finance International S.A., headquartered at Place d'Armes, 1, L-1136, Luxembourg, capital Euro 1,000,000.00, recorded with the Chamber of Commerce of Luxembourg under number B77504, in the person of Dr. Sergio De Simoi and Dr. Gustave Stoffel, who have the necessary powers pursuant to the bylaws; Banca Intesa S.p.A. (formerly Intesa BCI S.p.A.), headquartered in Milan, Piazza Paolo Ferrari 10, General Management Via Monte di Pieta 8, capital Euro 3,561,062,849.24, registration number with the Register of Companies of Milan, taxpayer code 00799960158, VAT code 108107000152, in the person of Dr. Gaetano Micciche, who has the necessary powers; Unicredito Italiano S.p.A., headquartered in Genoa, via Dante 1, Central Management in Milan, Piazza Cordusio, capital Euro 3,148,070,110.00, registration number with the Register of Companies of Genoa, taxpayer code and VAT code 00348170101, in the person of Dr. Alessandro Profumo, who has the necessary powers; and Olimpia S.p.A., headquartered in Milan, viale Sarca 222, capital Euro 2,630,233,510.00, registration number with the Register of Companies of Milan, taxpayer code and VAT code 03232190961, in the person of Dr. Marco Tronchetti Provera, who has the necessary powers; - party of the first part - and Hopa S.p.A., headquartered in Brescia, Corso Zanardelli 32, capital Euro 709,800,000.00, registration number with the Register of Companies of Brescia, taxpayer code and VAT code 03051180176, in the person of Dr. Emilio Gnutti, who has the necessary powers under the decision of the Board of Directors of December 17, 2002; - party of the second part - and Edizione Holding S.p.A., headquartered in Treviso, Calmaggiore 23, capital Euro 47,160,256.00, recorded with the Register of Companies of Treviso under number 13945, taxpayer code and VAT code 00778430264, in the person of the Chairman of the Board of Directors, Dr. Gilberto Benetton, who has the necessary powers pursuant to the bylaws; - as guarantor of the obligations of Edizione Finance - Recitals (a) On February 21, 2003, the Parties, taking into account the participation situations of each of them as of that date in the then called Olivetti group, executed a Contract in order to form a partnership with strategic purposes so as to maximize the creation of value for their respective shareholders, agreeing: (i) that Hopa would enter the capital of Olimpia by merger of Holy into Olimpia and that the latter would be attributed, for this purpose, a certain number of Olivetti Shares; and (ii) to formalize the para-corporate understandings designed to govern the relationships between the Parties in their respective capacities of partners of Olimpia and Holinvest, following their respective contributions, as of the date of the Contract, as agreed between the Parties; (b) Pursuant to the terms and conditions in paragraphs 3.01 (f) and 4.01 (iii) of the Contract, the Parties undertook to cause the number of the Olivetti Shares and/or Olivetti Instruments and/or Financial Instruments held, as of the date of the Contract, overall, by Olimpia, the Current Olimpia Partners, Hopa, Holinvest, Holy, the other Hopa Affiliates and the Hopa Parent Companies to never be such as to exceed the threshold referred to in paragraph 4.01 (iii) of the Contract; (c) For the correct performance of the commitments cited in the above recital, the Parties had agreed inter alia: (i) on the right to hold certain quantities of Olivetti Shares and/or Olivetti Instruments and/or Financial Instruments as indicated in articles III and IV of the Contract; (ii) referring to the Current Olimpia Partners and to Hopa, certain stand still obligations, pursuant to paragraph 6.05 of the Contract (hereinafter the "Stand Still Obligations"); and (iii) referring exclusively to Hopa, certain lock-up obligations pursuant to paragraph 7.02 of the Contract (hereinafter "Lock-up Obligations"); (d) Following the perfecting of the merger by incorporation of Telecom into Olivetti, in force from August 4, 2003 (hereinafter the "Olivetti Merger"), and the consequent modification of the corporate holdings owned respectively by Olimpia, the Current Olimpia Partners, Hopa, Holinvest, Holy, the other Hopa Affiliates and the Hopa Parent Companies in Olivetti's capital arising from the Olivetti Merger, Hopa requested and the other Parties indicated that they are willing to derogate - partially and limited to Hopa - to the application of the Lock-up and Stand Still Obligations, under the terms and conditions set forth in this modification agreement (hereinafter the "Modification Agreement"); (e) All the terms indicated in this Modification Agreement with initial capital letter are intended to have the same meaning attributed to them in the Contract, unless otherwise indicated. With these recitals, which are an integral and substantial part of this Modification Agreement, it is stipulated and agreed as follows: Article I Modification of the Stand Still and Lock-up Obligations The Parties agree that, in express derogation to paragraphs 6.05 (a), 7.02 (a) and 7.02 (c) of the Contract, Hopa has the right to exchange or to cause exchange, directly or through one of its Affiliates, with Nexgen Capital Limited, an Irish company with headquarters at 25/28 North Wall Quay, Dublin, Ireland, under the terms and conditions agreed upon with it: (i) No. 973 financial instruments (Equity Linked Notes) indexed to the price trend of 486,500,000 Olivetti Shares issued by CDC IXIS Capital Market with the characteristics indicated in Addendum 1.44 of the Contract; with (ii) No. 229,411,021 Telecom Shares, as they result from the exchange with the Olivetti Shares carried out following the Olivetti Merger. Article II Validity of the subsequent agreements 2.01 Taking into account that all the provisions of the Contract had been executed between the Parties with reference to participation situations, in the then so-called Olivetti group, directly and/or indirectly managed by it as of the date of the Contract, the Parties agree and give mutual note that the derogation to the provisions of the Contract referred to in Article I above has been agreed upon by Hopa exclusively with reference to the perfecting of the exchange operation above and limited to its effects. 2.01 [sic] Furthermore, the Parties agree that in the aspects not expressly derogated or established in this Modification Agreement, any other provision of the Contract remains fully valid and produces all its effects between the Parties, in the terms and conditions agreed upon on February 21, 2003, including the provisions of Articles XI, XII and XIII of the Contract. ------------------- ----------------------------------- Pirelli & C. S.p.A. Edizione Finance International S.A. ------------------- ----------------------------------- Banca Intesa S.p.A. Unicredito Italiano S.p.A. ------------------- ----------------------------------- Olimpia S.p.A. Hopa S.p.A. In the capacity of guarantor of the obligations of Edizione Finance International S.A.: ----------------------- Edizione Holding S.p.A. * * * * * Whenever the text of the above Modification Agreement reflects the understandings reached by the Parties to the Contract (as defined therein), please transcribe such text and transmit it to us initialed on every page and signed by the Parties in token of full and irrevocable acceptance. Best regards. Signed Hopa S.p.A." * * * We confirm that we accept all of the above. Best regards. ------------------- ------------- -------------------- Pirelli & C. S.p.A. Edizione Finance International S.A. ------------------- ---------------------------------- Banca Intesa S.p.A. Unicredito Italiano S.p.A. ------------------- Olimpia S.p.A. In the capacity of guarantor of the obligations of Edizione Finance International S.A.: ----------------------- Edizione Holding S.p.A. -----END PRIVACY-ENHANCED MESSAGE-----