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Internal dealing

Internal dealing refers to transparency requirements for operations relating to Shares or Debt Instruments issued by listed companies, as well as derivatives or other relating financial instruments carried out by representatives of the Companies themselves, Relevant Shareholders and by persons closely connected to them. At Snam, internal dealing is governed by the Market Abuse Guide Line.

Any transactions that are considered “relevant” by the rules laid down by Consob, Italy’s markets authority, must be disclosed. At Snam, internal dealing imposes these requirements on:

  • Chairman (Nicola Bedin)
  • Chief executive officer (Marco Alverà)
  • Directors (Laura Cavatorta, Francesco Gori, Yunpeng He, Antonio Marano, Francesca Pace, Rita Rolli,  Alessandro Tonetti)
  • Chairman of the board of statutory auditors (Stefano Gnocchi)
  • Standing statutory auditors (Gianfranco Chinellato, Donata Paola Patrini)
  • Managers with strategic responsibilities: Chief Energy Transition Officer (Federico Ermoli ), Chief Financial Officer e Chief International & Business Development Officer (Alessandra Pasini ), Chief Industrial Assets Officer (Massimo Derchi ), General Counsel (Marco Reggiani ) and EVP Human Resources, Organization & PFM (Paola Boromei )
  • Shareholders holding at least 10% of the Company's share capital (CDP RETI S.p.a.)
 

Shareholdings held by directors and Statutory Auditors

  

Name Post Entity Number of shares held at 31 December 2018 Number of shares acquired in 2019 Number of shares sold in 2019 Number of shares held at 31 December 2019
Carlo MALACARNE Chairman* Snam 160,000 0* 0* -
Marco Alverà CEO Snam 85,000 0 0 85,000
Sabrina Bruno Director* Snam 4,000 0* 0* -
            85,000

 * In office until April 2, 2019. Therefore the check was carried out until April 2, 2019

  

Shareholdings held by Snam managers with strategic responsibilities

  

Snam managers with strategic responsibilities Entity Number of shares held at 31 December 2018 Number of shares acquired in 2019 Number of shares sold in 2019 Number of shares held at 31 December 2019
Managers with strategic responsibilities* Snam 184,175 3,000 0 42,000
          42,000
*The composition of Managers with Strategic Responsibilities changed during 2019. Managers with Strategic Responsibilities went from 7 to 5. At 31 December 2018, 142,175 shares were owned by a Manager with Strategic Responsibilities who left the Company in 2019. Of the aforementioned N. 142.175 shares, N. 5,000 shares were owned by the spouse. The check was carried out until the date of exit from the Company of the Executive with Strategic Responsibilities.
Snam’s remuneration policies

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Snam’s Market abuse policy

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updated
18 June 2020 - 14:26 CEST