As envisaged in the Market Abuse Procedure, Italgas has regulated transactions in the company’s securities and financial instruments by key corporate officers.

 

The internal dealing procedures aim to ensure the regularity and transparency of transactions involving the shares of listed companies and associated financial instruments, carried out by corporate officers and persons closely associated with them.

The regulations therefore obligate these “significant parties” to promptly inform the market and Consob of any transaction in the company’s financial instruments that is considered significant according to Consob regulations.

At Italgas, internal dealing is governed by the Market Abuse Procedure.

 

Significant parties

The following are considered “significant parties”:

  • members of the Board of Directors and Standing Auditors;
  • the senior managers with regular access to inside information and who have the power to adopt management decisions that could affect the company’s development and future growth prospects, as identified by the Board of Directors.

 

The following are considered “persons closely associated” with the significant parties:

  • the spouse or domestic partner, dependent children and, if living in the household for at least one year as at the date of the significant transaction, the relatives of the significant parties (collectively, the “significant family members”);
  • legal entities, partnerships and trusts in which a significant party or one of their significant family members is the sole or joint owner of the management function;
  • legal entities, partnerships and trusts under the direct or indirect control of a significant party or one of their significant family members;
  • legal entities, partnerships and trusts whose economic interests are essentially equivalent to those of a significant party or one of their significant family members;
  • legal entities, partnerships and trusts established to the benefit of a significant party or one of their significant family members.

 

Further information on the types of significant transactions can be found in the Market Abuse Procedure, section II.

The list of internal dealing disclosures made since 2016 is provided below.

 

 

Significant transactions

 Significant party

 Position

Tr. Date

Tr. Type

No. of shares

Nunziangelo Ferrulli

 Head of Public and Regulatory Affairs 18/10/2018 P 3000

Nunziangelo Ferrulli

 Head of Public and Regulatory Affairs  30/05/2018 P 1120

 Antonio Paccioretti

 General Director of Finance and Services

11/11/2016

P

10000

 Paolo Gallo

 CEO

10/11/2016

P

10000

 Antonio Paccioretti

 General Director of Finance and Services

10/11/2016

P

10000

P = purchase

 

 

Investments by directors, statutory auditors and key managers

 Person

Shares as at 31 December 2016

Shares purchased in 2017

Shares sold in 2017

Shares as at 31 December 2017

 Paolo Gallo1

 CEO

14,000

0

0

14,000

 Paolo Mosa2

 Director

27,835

0

0

27,835

 Laura Zanetti

 Standing Auditor

6,000

0

0

6,000

 Key Managers

27,510

778

0

28,288

1 of which 12,000 in person and 2,000 by the spouse

2 of which 27,435 in person and 400 by the spouse

ultimo aggiornamento Mon Oct 22 16:27:08 UTC 2018