With the Procedure for the fulfilment of internal dealing obligations, Italgas has governed transactions on the company's securities and financial instruments, carried out by important representatives of the company.

 

The internal dealing procedures aim to ensure the regularity and transparency of transactions involving the shares of listed companies and the financial instruments linked to them, carried out by company representatives and persons closely associated with them.
The regulations therefore require the “relevant parties” to promptly inform the market and Consob of any transactions on the financial instruments of the company considered relevant under the Consob regulation.

Relevant Parties

The following are considered “relevant parties”:

  • the members of the Board of Directors and Standing Auditors;
  • the senior executives who have regular access to inside information and have the power to make management decisions that can affect the evolution and future prospects of the company, as identified by the Board of Directors.
    “Relevant shareholder” are considered to be those who hold an equity investment, calculated in accordance with article 118 of the Issuers' Regulations, of at least 10% of the voting share capital of the company, as well as any other subject that controls the company.

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

  • the spouse or partner considered to be equivalent to a spouse, dependent children and, if they have shared the same household for at least one year from the date of the Relevant Transaction, the relatives of the relevant parties (collectively, the “relevant family members”);
  • legal persons, trusts or partnerships, the managerial responsibilities of which are discharged by a relevant party or one of the relevant family members, alone or jointly;
  • legal persons, trusts or partnerships which are directly or indirectly controlled by a Relevant Party or by one of the Relevant Family Members;
  • legal persons, trusts or partnerships the economic interests of which are substantially equivalent to those of a Relevant Party or one of the Relevant Family Members;
  • legal persons, trusts or partnerships set up for the benefit of a relevant party or of one of the relevant family members.

The following are considered “persons closely associated” with relevant shareholders:

  1. the spouse, if not legally separated, dependent children, even of the spouse, and, if they have shared the same household for at least one year, parents, relatives and family members of the relevant shareholders;
  2. legal persons, partnerships and trusts, the managerial responsibilities of which are discharged by a relevant shareholder or one of the persons indicated under letter (a), alone or jointly;
  3. legal persons, controlled directly or indirectly by a relevant shareholder or by one of the persons indicated under letter (a);
  4. partnerships whose economic interests are essentially equivalent to those of a relevant shareholder or one of the persons indicated under letter (a);
  5. trusts established to benefit a relevant shareholder or one of the persons indicated under letter (a).
 
For more information on the types of relevant transactions, see the specific paragraphs of the Procedure.
The list of internal dealing disclosures made since 2016 is set out 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

 

 

Shares of Directors, Statutory auditors and Managers with strategic responsibilities

 Person

Shares at 31 December 2016

Shares purchased in 2017

Shares sold in 2017

Shares as at 31 December 2017

Shares purchased in 2018

Shares sold in 2018

Shares as at 31 December 2018

 Paolo Gallo1

 CEO

14.000 0 0 14.000 0  0 14.000

 Paolo Mosa2

 Director3

27.835 0 0 27.835  0 0 27.835

 Laura Zanetti

 Standing Auditor3

6.000 0 0 6.000  0  0 6.000

 Key Managers

27.510 778 0 28.288 16.499  0  44.787

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

3 in office until 04/04/2019

Internal dealing procedure

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ultimo aggiornamento 08 August 2019 03:27 UTC