Minutes and Documents

Minutes and Documents

  - Snam Rete Gas S.p.A. -
Head office: Piazza Santa Barbara 7, San Donato Milanese (MI)
Company share capital Euro 1.955.608.200,00, fully paid-up
Milan Companies Register – Tax Identification Number –
VAT Number 13271390158 - R.E.A. Milan 1633443
A subsidiary of Eni S.p.A.

Shareholders' meeting resolutions

The Snam Rete Gas S.p.A. Ordinary Shareholders’ Meeting held on the 10th November 2005:

  • approved the distribution of an Extraordinary dividend of 1.00 Euro per share. In terms of taxation, of the 1.00 Euro per share of dividend paid, 0.639 Euros will be subject to the tax regime applied to dividends taken from the profits with the application of taxation for each category of recipient, and the remaining 0.361 Euros will not constitute taxable income but the amounts received will reduce the fiscally recognised cost of the shares owned.

  • authorised the Board of Directors to buy back up to 194,737,950 Snam Rete Gas ordinary shares with a nominal value of 1.00 Euro each on the Mercato Telematico Azionario (Italian Electronic Stock Market) managed by Borsa Italiana S.p.A. (Borsa Italiana Group) in accordance with Article 2357 of the Civil Code. The buy back will be performed within 18 months of the Assembly decision, at a price not less than their nominal value and not greater than 5% more than the reference price recorded on the day preceding every single purchase, and in any case up to a maximum consideration of 800 million Euros;

  • authorised the creation of “Reserves for purchase of own shares�? in accordance with the last paragraph of Article 2357-ter of the Civil Code by the charging of an identical amount to the “Share Premium reserves�?.

This notice is also available on the www.snamretegas.it web-site.

Payment of extraordinary dividend

The Extraordinary Dividend of 1.00 Euro per share will be payable against the detachment of coupon n° 5 as from 24th November 2005; the coupon surrender date will be the 21st November 2005.

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05 August 2016 - 15:42 CEST