Extraordinary Shareholders’ Meeting of Snam Rete Gas approves the changes in the Company By-Laws regarding functional separation of the activity of transportation of gas from other gas activities
San Donato Milanese, 31 July 2008 – The Extraordinary Shareholders’ Meeting of Snam Rete Gas S.p.A. met today and approved changes in the by-laws, following the resolution adopted by the Board of Directors in order to comply with the provisions of Resolutions n. 11/07 and n. 253/07 of the Authority for Electricity and Gas regarding functional separation of the activity of transportation of gas from other gas activities, and to establish an Independent Transmission Operator, identified as the Chief Executive Officer. The changes approved are as follows:
- (art.2) inclusion in the Company purpose of the aim to promote competition, efficiency and appropriate levels of quality of services as set out in art. 2 paragraph 2.1 of Resolution 11/07 of the Authority for Electricity and Gas;
- (art. 19) provision that the Board of Directors, in accordance with art. 2381 of the Italian Civil Code, can establish committees and decide the powers and membership numbers of committees. This would also enable it to have in place by-laws provisions for possible future evaluations with regards to the operation and composition of the Independent Transmission Operator.
The Extraordinary Shareholders’ Meeting also approved the amendment of article 10 of the Company By-Laws, indicating, in compliance with article 154-ter of Legislative Decree 58/98, the term of one hundred and twenty days after the financial year end for the approval of the financial statements by the General Shareholders’ Meeting.
Snam Rete Gas Investor Relations
Tel +39.02.520.38272 - Fax: +39.02.520.38650
Snam Rete Gas External Relations
Tel +39.02.520.58691 - Fax: +39.02.520.38227
Eni Press Office
Tel +39 02.52031875 – +39 06.5982398
05 August 2016 - 16:18 CEST