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TI.A - Telecom Italia SpA News Story

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Last Trade - 05/07/19

Sector
Telecoms
Size
Large Cap
Market Cap £8.54bn
Enterprise Value £33.41bn
Revenue £13.69bn
Position in Universe th / 6643

Financial Conduct - Temporary Prohibition of Short Selling

Tue 17th March, 2020 7:00am
RNS Number : 3725G
Financial Conduct Authority
17 March 2020
 

NOTICE OF TEMPORARY PROHIBITION OF SHORT SELLING

17 March 2020

The Financial Conduct Authority ("FCA") notifies that it temporarily prohibits short selling in the following instruments and transactions under Articles 23 (1) and 26 (4) of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012.

Nature of measure:

a)  short sale prohibition for shares

Scope:

a)  Please see Annex 1 below for the instruments concerned 

b)  all UK trading venues on which the instruments are traded

c)  any person irrespective of their country of residence (subject to the exemption below)

Entry into force of the measure and duration:

a)  Date: 17 March 2020 

b)  Time: immediately

c)  Duration: Until the end of the trading day on 17 March 2020

Reasons for imposing measure and evidence:

Following the action taken by CONSOB in the instruments below, the FCA is satisfied that it is necessary to take the action set out in this notice to assist CONSOB, taking into account:

a)  a similar price fall in the instruments on UK trading venues

b)  the volume of trading in the UK

 

Exemptions to the measure:

This measure does not extend to transactions undertaken by market makers who have notified the FCA of their intention to employ the market maker exemption in this financial instrument and who are included on the list maintained by ESMA of market makers permitted to use the exemption. This exception only extends to those transactions that market makers undertake as part of their market making activities.

Annex 1

·      Azimut Holding (ISIN: IT0003261697)

·      Telecom Italia (ISIN: IT0003497168)

·      Unicredit (ISIN: IT0005239360)

·      Exor (ISIN: NL0012059018)

·      Fiat Chrysler Automobiles (ISIN: NL0010877643)

·      Banca Generali (ISIN: IT0001031084)

·      Leonardo (ISIN: IT0003856405)

·      Ubi Banca (ISIN: IT0003487029)

·      Mediobanca (ISIN: IT0000062957)

·      Fiera Milano (ISIN: IT0003365613)

·      Sanlorenzo (ISIN: IT0003549422)

·      Banca Mediolanum (ISIN: IT0004776628)

·      Dovalue (ISIN: IT0001044996)

·      Cerved Group (ISIN: IT0005010423)

·      OVS (ISIN: IT0005043507)

·      Maire Tecnimont (ISIN: IT0004931058)

·      Marr (ISIN: IT0003428445)

·      Autogrill (ISIN: IT0001137345)

·      Banca Monte Paschi Siena (ISIN: IT0005218752)

·      ASTM (ISIN: IT0000084027)

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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