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23 FebPrice sensitive
Snam: fulfilment of the “golden power” condition precedent on the resolution relating to Bylaws amendments
With reference to the resolution through which the corporate purpose was amended (article 2 of the Bylaws) at the Shareholders’ Meeting dated past 2 February, Snam announces that the Prime Minister's Office yesterday informed the company that it will not exercise the special powers referred to in the golden power legislation.
Snam and Hera announce that they have signed a Letter of Intent for a technological collaboration aimed at developing hydrogen, for their own areas of activity respectively.
Snam reports that late yesterday afternoon, 8 February 2021 the minutes have been registered with Milan Business Register of the extraordinary Shareholders’ Meeting held on 2 February 2021, which, amongst others, approved the amendments to Snam’s corporate purpose as set out in article 2 of the Bylaws.
Snam S.p.A. (rated Baa2 by Moody’s, BBB+ by S&P and BBB+ by Fitch) successfully launched today its third Transition bond in less than one year for 500 million euros and a reopening (bond tap) for 250 milion euros of the existing fixed rate 500 million euros Transition bond with maturity June 2030.
Specifically, the changes relate to the Company's growing commitment towards the energy transition and gender balance.
07 January 2021 - 12:13 CET