BRIEF-JP Morgan trims long position in Telecom Italia

viernes 15 de enero de 2016 10:49 GYT

Jan 15 (Reuters) - A filing with Italian market regulator Consob shows:

* JP Morgan said on Jan. 7 it had cut long position in Telecom Italian held through JP Morgan Securities to 9.982 percent

* JP Morgan's position consists of a 4.828 percent actual stake, a potential stake of 2.438 percent and other long positions worth 2.716 percent

* A Consob filing on Dec. 7 showed JP Morgan had a long position in Telecom Italia equivalent to 10.134 percent stake. The actual stake at the time was of 4.515 percent while the rest was held through call options.

* JP Morgan said the last date in which call option contracts related to its potential stake in Telecom Italia can be exercised is July 17 2017 and not July 7 2017 as said in December

* JP Morgan declined to comment Further company coverage: (Reporting by Milan Newsroom)