Procedure for Related Party Transactions

Procedure for Related Party Transactions

The Related Party Procedure, adopted pursuant to Article 4 of CONSOB Regulation no. 17221 of 12 March 2010, as amended, with effect from 1 January 2011, regulates the transactions carried out by Acea SpA or by companies  directly and / or indirectly controlled by it, with Acea Related Parties.

The Board of Directors of the Company, at its meeting on 18 December 2013, as part of the planned revision of the existing Procedure for Transactions with Related Parties, following the favourable opinion of the Committee for Related Party Transactions, the Board of Statutory Auditors and the Executive responsible for financial reporting, approved:

  • some amendments to the text of the Procedure for Related Party Transactions, effective from 1 January 2014;
  • specifically, the application of the Procedure, in accordance with article 4, paragraph 2, of the CONSOB Regulation, was extended to the natural or legal persons who, on their own behalf or through subsidiaries, directly or indirectly, including through trustees or intermediaries, hold at least a 5 (five) percent of the Acea share capital (the “Additional Related Parties” as per the new paragraph 1.3), replacing the previous provision which made reference to the persons required to make the statements envisaged by article 120 of the TUF (in other words the mandatory disclosure  to CONSOB and to the Company of any “significant” shareholdings).