March 22, 2018 / 5:28 PM / 8 months ago

BRIEF-Vivendi says Vivendi representatives resign from Telecom Italia’s board

March 22 (Reuters) - Vivendi SA says in a statement:

* VIVENDI SAYS VIVENDI REPRESENTATIVES RESIGN FROM TELECOM ITALIA’S BOARD OF DIRECTORS

* Says moves folllows attempt led by hedge-fund activist Elliott Management, well-known for its track record of short-termist initiatives, to dismantle Telecom Italia (TIM)

* Says the three members of the TIM board of directors representing Vivendi, which supports the unanimously approved industrial plan led by Amos Genish and his team, have decided to resign from the board.

* Says as five other board members have also decided to tender their resignations, resulting in a majority of the board members having resigned, a shareholders’ meeting will be held in May to allow the TIM shareholders to appoint the board members they want and which policy to follow.

Source text for Eikon: Further company coverage: (Reporting By Dominique Vidalon)

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