DOCSLIB.ORG

I- FERROVIE DELLO STATO ITALIANE S.P.A

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
I- FERROVIE DELLO STATO ITALIANE S.P.A BASE PROSPECTUS FERROVIE DELLO STATO ITALIANE S.p.A. (incorporated with limited liability in the Republic of Italy) €4,500,000,000 Euro Medium Term Note Programme This Base Prospectus has been approved by the Central Bank of Ireland as competent authority for the purposes of Directive 2003/71/EC (and amendments thereto, including 2010/73/EU) (the "Prospectus Directive"). The Central Bank of Ireland only approves this Base Prospectus as meeting the requirements imposed under Irish and EU law pursuant to the Prospectus Directive. This Base Prospectus comprises a Base Prospectus for the purposes of Article 5.4 of the Prospectus Directive. Application has also been made to the Irish Stock Exchange for notes ("Notes") issued under the Euro Medium Term Note Programme described herein (the "Programme") within twelve months after the date hereof to be admitted to the Official List of the Irish Stock Exchange (the "Official List") and trading on its regulated market (the "Main Securities Market"). The Main Securities Market is a regulated market for the purposes of Directive 2004/39/EC (the "Markets in Financial Instruments Directive"). Such approval relates only to the Notes which are to be admitted to trading on a regulated market for the purposes of the Markets in Financial Instruments Directive and/or which are to be offered to the public in any Member State of the European Economic Area. The Programme also permits Notes to be issued on the basis that they will not be admitted to listing, trading and/or quotation by any competent authority, stock exchange and/or quotation system or to be admitted to listing, trading and/or quotation by such other or further competent authorities, stock exchanges and/or quotation systems as may be agreed with the Issuer. Ferrovie dello Stato Italiane S.p.A. (the "Issuer" or "FS") may issue Notes under the Programme to one or more of the Dealers named on pages 131-132 and any additional Dealer appointed under the Programme from time to time (each a "Dealer" and together the "Dealers"). References in this Base Prospectus to the "relevant Dealer" shall be, in the case of an issue of Notes to more than one Dealer, to the lead manager of such issue and, in the case of an issue of Notes to one Dealer, to such Dealer. Pursuant to the Programme, the Issuer may issue Notes denominated in any currency agreed with the relevant Dealer, subject to any applicable legal or regulatory restrictions. The Notes will be issued in such denominations as may be agreed between the Issuer and the relevant Dealer save that the minimum denomination of each Note will be €100,000 (or, if the Notes are denominated in a currency other than euro, the equivalent amount in such currency). The aggregate nominal amount of all Notes from time to time outstanding under the Programme will not exceed €4,500,000,000 (or its equivalent in other currencies calculated as described herein). As at the date of this Base Prospectus, the Issuer has the following ratings assigned to it: BBB+ by Fitch Italia S.p.A. ("Fitch") and BBB by Standard & Poor’s Credit Market Services Europe Limited ("Standard & Poor’s"). The Programme has been rated BBB+ by Fitch Italia S.p.A. and BBB by Standard & Poor’s Credit Market Services Europe Limited. Each of Fitch Italia S.p.A and Standard & Poor’s Credit Market Services Europe Limited is established in the European Union and is registered under Regulation (EC) No. 1060/2009 (as amended) (the "CRA Regulation"). As such each of Fitch Italia S.p.A and Standard & Poor’s Credit Market Services Europe Limited is included in the list of credit ratings agencies published by the European Securities and Markets Authority on its website (at http://www.esma.europa.eu/page/List-registered-and-certified-CRAs) in accordance with the CRA Regulation. Notes issued under the Programme may be rated or unrated by any one or more of the rating agencies referred to above. Where a Tranche of Notes is rated, such rating will be disclosed in the Final Terms and will not necessarily be the same as the rating assigned to the Programme by the relevant rating agency. A security rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, reduction or withdrawal at any time by the assigning rating agency. Investing in Notes issued under the Programme involves certain risks. The principal risk factors that may affect the abilities of the Issuer to fulfil their respective obligations under the Notes are discussed under "Risk Factors" below. Joint Arrangers Crédit Agricole CIB Deutsche Bank J.P. Morgan UniCredit Bank Dealers Banca Akros S.p.A. - Gruppo Bipiemme Banca Popolare di Milano Banca IMI Banco Bilbao Vizcaya Argentaria, S.A. Barclays Bayern LB BofA Merrill Lynch BNP PARIBAS Citigroup Commerzbank Crédit Agricole CIB Deutsche Bank Goldman Sachs International HSBC ING J.P. Morgan Mediobanca MUFG Morgan Stanley Natixis Santander Global Banking & Markets Société Générale Corporate & Investment Banking The Royal Bank of Scotland UniCredit Bank 2 December 2014 168401-5-4070-v7.0 - i- 47-40577942 IMPORTANT NOTICES Responsibility for this Base Prospectus The Issuer accepts responsibility for the information contained in this Base Prospectus and declares that, having taken all reasonable care to ensure that such is the case, the information contained in this Base Prospectus is, to the best of its knowledge, in accordance with the facts and contains no omission likely to affect its import. Subject as provided in the applicable Final Terms, the only persons authorised to use this Base Prospectus in connection with the issue of any Tranche of Notes are the persons named in the applicable Final Terms as the relevant Dealer(s). Final Terms/Drawdown Prospectus Each Tranche (as defined herein) of Notes will be issued on the terms set out herein under "Terms and Conditions of the Notes" (the "Conditions") as completed by a document specific to such Tranche called final terms (the "Final Terms") or in a separate prospectus specific to such Tranche (the "Drawdown Prospectus") as described under "Final Terms and Drawdown Prospectuses" below. Other relevant information This Base Prospectus should be read and construed together with any supplements hereto and with any information or document incorporated by reference herein and, in relation to any Tranche of Notes which is the subject of Final Terms, should be read and construed together with the relevant Final Terms. In the case of a Tranche of Notes which is the subject of a Drawdown Prospectus, each reference in this Base Prospectus to information being specified or identified in the relevant Final Terms shall be read and construed as a reference to such information being specified or identified in the relevant Drawdown Prospectus unless the context requires otherwise. The Issuer has confirmed to the Dealers named under "Subscription and Sale" below that this Base Prospectus (including for this purpose, each relevant Final Terms) contains all information which is (in the context of the Programme, the issue, offering and sale of the Notes) material; that such information is true and accurate in all material respects and is not misleading in any material respect; that any opinions, predictions or intentions expressed herein are honestly held or made and are not misleading in any material respect; that this Base Prospectus does not omit to state any material fact necessary to make such information, opinions, predictions or intentions (in the context of the Programme, the issue, offering and sale of the Notes) not misleading in any material respect; and that all proper enquiries have been made to verify the foregoing. The Dealers expressly do not undertake to review the financial condition or affairs of the Issuer during the life of the Programme or to advise any investor in the Notes of any information coming to their attention. Unauthorised information No person has been authorised by the Issuer to give any information or to make any representation not contained in or not consistent with this Base Prospectus or any other document entered into in relation to the Programme or any information supplied by the Issuer or such other information as is in the public domain and, if given or made, such information or representation should not be relied upon as having been authorised by the Issuer or any Dealer. Neither the Dealers nor the Paying Agents nor any of their respective affiliates have authorised the whole or any part of this Base Prospectus and none of them makes any representation or warranty or accepts any responsibility as to the accuracy or completeness of the information contained in this Base Prospectus. Neither the delivery of this Base Prospectus or any Final Terms nor the offering, sale or delivery of any Note shall, in any circumstances, create any implication that the information contained in this Base Prospectus is true subsequent to the date hereof or the date upon which this Base Prospectus has been most recently amended or supplemented or that there has been no adverse change, or any event reasonably likely to involve any adverse change, in the financial condition or trading position of the Issuer since the date thereof or, if later, the date upon which this Base Prospectus has been most recently amended or supplemented or that any other information supplied in connection with the Programme is 168401-5-4070-v7.0 - 1- 47-40577942 correct at any time subsequent to the date on which it is supplied or, if different, the date indicated in the document containing the same. Restrictions on distribution The distribution of this Base Prospectus and any Final Terms and the offering, sale and delivery of the Notes in certain jurisdictions may be restricted by law.
Load more

Recommended publications
  • 2015 Annual Report
    (Translation from the Italian original which remains the definitive version) 2015 ANNUAL REPORT CONTENTS 2015 ANNUAL REPORT 1 Chairman’s letter 3 GROUP HIGHLIGHTS 6 Disclaimer 7 Key and glossary 8 The future is founded on history 11 Consolidated highlights 12 DIRECTORS’ REPORT 13 Corporate governance and ownership structure report 14 The group’s performance 29 Transport 37 Infrastructure 42 Real Estate Services 45 Other Services 48 Ferrovie dello Stato Italiane S.p.A.’s performance 52 Macroeconomic context 55 Customers 59 Performance of markets and domestic railway traffic 63 Traffic figures of major European railway companies 67 Safety in railway operations 68 Sustainability 69 Human resources 70 The environment 75 Risk factors 77 Investments 81 Research and development 90 Main events of the year 92 Other information 101 Parent’s treasury shares 113 Related party transactions 114 Events after the reporting date 115 Outlook for the group 116 Proposed allocation of the profit for the year of Ferrovie dello Stato Italiane S.p.A. 118 CONSOLIDATED FINANCIAL STATEMENTS OF FERROVIE DELLO STATO ITALIANE GROUP AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2015 119 Consolidated financial statements 120 Notes to the consolidated financial statements 126 Annexes 210 SEPARATE FINANCIAL STATEMENTS OF FERROVIE DELLO STATO ITALIANE S.P.A. AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2015 221 Financial statements 222 Notes to the separate financial statements 228 Ferrovie dello Stato Italiane group 2 Chairman’s letter Dear Shareholder, 2015 brought a host of new developments for Ferrovie dello Stato Italiane group and its stakeholders. In many ways, it was a year of transition as the Italian macroeconomic context stabilised, public investments in the country’s strategic infrastructure resumed (with a total of €17 billion allocated to FS group for investments in railway transport over the next few years) and the tax burden was cut substantially.
    [Show full text]
  • Sap Societa' Archeologica S.R.L
    Foto dall'alto sede di Quingentole SAP SOCIETA' ARCHEOLOGICA S.R.L. SEDE LEGALE E OPERATIVA SAN LORENZO DI QUINGENTOLE (MN) Strada Fienili, 39A - Tel 0386 42591 Fax 0386 42591 - [email protected] [email protected] SEDE OPERATIVA ALBAVILLA (CO) Piazza Garibaldi, 2 - Tel e Fax 031 627953 - [email protected] www.archeologica.it SAP Società Archeologica si è costituita a Mantova nel 1994. La società è nata con l’intento di raggruppare professionisti operanti da anni nel settore dei beni culturali, in particolare in campo archeologico; ciascuno dei soci ha al suo attivo almeno trenta anni di esperienze direttive avendo avuto la possibilità di collaborare in modo proficuo con diverse Soprintendenze Archeologiche d’Italia, e con numerosi altri Enti preposti alla ricerca. Inoltre Sap collabora con Musei ed Istituti Universitari (es. Laboratorio archeobiologico dei Civici Musei di Como, Civici Musei di Brescia, Università di Roma La Sapienza, Università di Venezia “Cà Foscari”, Università di Padova, dell’Insubria e di Verona). Tale esperienza ha permesso di consolidare rapporti qualificati con il personale direttivo di Soprintendenze, Musei ed Università ed ha offerto la possibilità di avvalersi di professionisti esterni su progetti specifici. SAP opera su tutto il territorio nazionale con due sedi operative a Quingentole (Mantova) e a Albavilla (Como). Nel corso di venticinque anni la Società ha avuto l’opportunità di eseguire indagini archeologiche di ogni tipo e periodo storico. La SAP, partendo dallo scavo archeologico, è in grado di organizzare e realizzare tutte le fasi successive di elaborazione dei dati, di studio dei reperti, di informatizzazione con le tecnologie più avanzate, fino alla pubblicazione o alla esposizione museale.
    [Show full text]
  • Centostazioni Retail S.P.A. an Investment Opportunity in the Italian Travel Retail Sector
    www.pwc.com Centostazioni Retail S.p.A. An investment opportunity in the Italian travel retail sector November 2015 March 2018 Contents 01 Transaction background 02 Centostazioni Retail at a glance 03 Investment opportunity This document has been prepared by the Corporate Finance department of PricewaterhouseCoopers Advisory S.p.A. (“PwCCF”) to provide the intended recipient with some preliminary information about a potential investment opportunity. The document is strictly confidential and must not be provided to or made available, by any mean, to any person other than the intended recipient. The document can not be copied, reproduced, distributed or disclosed to any third party, in whole or in part, without the prior written consent of PwCCF. In no event, regardless of whether consent has been provided, shall PwCCF assume any responsibility to any third party to which the Document is disclosed or otherwise made available. The document does not constitute the giving of investment advice, nor a part of any advice on investment decisions. The information used in preparing the Document has been obtained from a variety of third party sources. PwCCF has not sought to establish the reliability of those sources nor has PwCCF verified such information. Accordingly, no representation or warranty of any kind (whether express or implied) is given by PwCCF as to the accuracy of the information herein reported, and to the completeness or fitness for any purpose of this document. In no event PwCCF shall assume any responsibility to any third party on this regard. Centostazioni Retail S.p.A. PwC 2 32 Transaction background PRE-DEMERGER STRUCTURE Pre-Demerger structure 100% 100% • Ferrovie dello Stato Italiane S.p.A.
    [Show full text]
  • Financial Statements and Consolidated Accounts
    FINANCIAL STATEMENTS AND CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2017 Cremonini S.p.A. Via Modena, 53 41014 Castelvetro di Modena (Mo) Italia Share Cap. euro 67,073,931.60, fully paid Modena Comp. Reg. no. 00162810360 Modena Economic Admin. Reg. no. 126967 Tax ref. & VAT no. 00162810360 TABLE OF CONTENTS TABLE OF CONTENTS Cremonini Group Organization………………………………………...……….………………… 2 Corporate Bodies of Cremonini S.p.A.………………………………………………….……….. 3 Financial statements as at 31 December 2017 ………………………………………………... 4 - Directors’ report - Cremonini S.p.A. financial statements - Notes to the Cremonini S.p.A. financial statements - Consolidated financial statements - Notes to the consolidated financial statements 1 GROUP ORGANIZATION CORPORATE BODIES DIRECTORS’ REPORT CREMONINI S.P.A FIN. STATEM. CONSOLIDATED FIN. STATEM. CREMONINI GROUP ORGANIZATION AS AT 31 DECEMBER 2017 2 GROUP ORGANIZATION CORPORATE BODIES DIRECTORS’ REPORT CREMONINI S.P.A FIN. STATEM. CONSOLIDATED FIN. STATEM. CORPORATE BODIES OF CREMONINI S.p.A. Board of Directors Chairman Luigi Cremonini Vice Chairman Illias Aratri Chief Executive Officer Vincenzo Cremonini Directors Paolo Boni Serafino Cremonini Board of Statutory Auditors Chairman Eugenio Orienti Statutory Auditors Giulio Palazzo Paola Simonelli Alternates Patrizia Iotti Daniele Serra Independent Auditors PricewaterhouseCoopers S.p.A. 3 GROUP ORGANIZATION CORPORATE BODIES DIRECTORS’ REPORT CREMONINI S.P.A. FIN. STATEM. CONSOLIDATED FIN. STATEM. DIRECTORS’ REPORT Introduction The financial statements as at 31 December 2017, pursuant to Legislative Decree No. 38 of 28 February 2005, have been prepared in accordance with the criteria for evaluation and measurement established by the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) and adopted by the European Commission according to the procedures in Article 6 of Regulation (EC) No.
    [Show full text]
  • Milano Cortina 2026
    MILANO M.T. MILANO CORTINA 2026 CORTINA Candidate City Olympic Winter Games INDEX 1 2 3 4 5 VISION AND GAMES PARALYMPIC SUSTAINABILITY GAMES GAMES CONCEPT EXPERIENCE WINTER GAMES AND LEGACY DELIVERY MILANO VISION AND CORTINA GAMES CONCEPT _2026 VISION AND 1 GAMES CONCEPT The Milano Cortina 2026 ting of the Italian Alps. Having hosted the 1956 Olympic Winter ity. We know that delivering intense sporting moments in inspi- 1 | Olympic Vision Games, Cortina, the Queen of the Dolomites, is an international rational metropolitan and mountainous settings has the power winter sports destination of the highest acclaim, with an excel- to change lives. We want the world to love winter sports like we A partnership inspired by Agenda 2020 lent track record and relationships with national and interna- do, inspired by amazing athletic performances; tional sports federations. A proud host city for the 2021 World The Milano Cortina 2026 Candidature was inspired by the Alpine Ski Championships, it was praised for its sustainable ap- Embrace Sustainability - We want to build on our strong IOC’s Agenda 2020 and presentation of ‘New Norm’ which proach to ensure protection of the sensitive alpine ecosystem. It environmental credentials. We will use the Games to help clearly repositions hosting the Olympic and Paralympic is an interesting example of a multi-cultural, multi-lingual socie- accelerate our work at the forefront of sustainability to help Games as an event that is more sustainable, more flexible ty with clear ambitions for a sustainable future. develop innovative and sustainable solutions to shape lives of and more efficient, both operationally and financially, whilst the future.
    [Show full text]
  • Bilancio 2002 Del Gruppo Fs
    Financial Financial statements statements 2013 2013 Piazza della Croce Rossa,1 00161 Roma www.trenitalia.com TRENITALIA S.p.A. FINANCIAL STATEMENTS AT 31 DECEMBER 2013 Disclaimer This Annual Report 2013 has been translated into English solely for the convenience of the international reader. In the event of conflict or inconsistency between the terms used in the Italian version of the report and the English version, the Italian version shall prevail, as the Italian version constitutes the sole official document. TRENITALIA S.p.A. Trenitalia SpA Company with a sole shareholder subject to the direction and coordination activities of Ferrovie dello Stato Italiane S.p.A. Share capital: Euro 1,654,464,000.00 fully paid-up Registered office: Piazza della Croce Rossa no. 1, 00161 Rome Fiscal code and Register of companies: 05403151003 R.E.A. (Repertorio Economico Amministrativo, Administrative Economic Register): no.: 0883047 VAT: 05403151003 2013 Financial Statements 2 TRENITALIA S.p.A. OUR MISSION Trenitalia operates in the sector of services for the mobility of passengers and goods within a national and international context. For Trenitalia, the basic conditions underlying its mission are the safety of the service, quality, workers’ health, protection of the environment and it considers the importance of the relationship with the customer as the means to achieve a steady competitive advantage and create value for shareholders. The whole organisation of Trenitalia, which is committed to meeting the needs of customers and the requirements of the market, always guarantees the highest standards of safety and it implements development and modernisation plans in compliance with social and environmental sustainability.
    [Show full text]
  • Milano Cortina 2026
    MILANO M.T. MILANO CORTINA 2026 CORTINA Candidate City Olympic Winter Games INDICE 1 2 3 4 5 VISIONE E CONCEZIONE VIVERE GIOCHI INVERNALI SOSTENIBILITÀ REALIZZAZIONE DEI GIOCHI I GIOCHI PARALIMPICI E LEGACY DEI GIOCHI MILANO VISIONE E CONCEZIONE CORTINA DEI GIOCHI _2026 VISIONE E CONCEZIONE 1 DEI GIOCHI La Visione Olimpica • Cortina d’Ampezzo (Cortina), Valtellina, Val di Fiemme e An- Condividere la nostra passione italiana - Vogliamo fare leva 1 | di Milano Cortina 2026 terselva/Antholz, nello splendido contesto montano tradizio- sulla nostra passione sportiva e sulle nostre esperienze olimpi- nale delle Alpi italiane. Già sede dei Giochi Olimpici Invernali che per rendere Milano Cortina 2026 un evento davvero speciale. Una partnership che muove i suoi passi dall’Agenda 2020 del 1956, Cortina, la Perla delle Dolomiti, è una meta interna- Con il sostegno dell’83% della nostra comunità (e dell’81% a li- zionale per gli sport invernali di altissimo livello e vanta uno vello nazionale), i nostri appassionati fan incoraggeranno tutti gli La Candidatura di Milano Cortina 2026 muove i suoi passi straordinario curriculum e stretti rapporti con le federazioni atleti ad eccellere nelle loro discipline, indipendentemente dalla dall’Agenda 2020 del CIO e dalla New Norm, la riforma del sportive nazionali e internazionali. Orgogliosa città ospitante loro nazionalità o livello di abilità. Sappiamo che offrire momenti 2018 che rende i Giochi Olimpici e Paralimpici un evento più dei Campionati del Mondo di Sci Alpino 2021, Cortina è stata sportivi intensi in un contesto metropolitano e montano di gran- sostenibile, flessibile ed efficiente, sia sotto il profilo operativo elogiata per il suo approccio sostenibile volto ad assicurare de ispirazione può cambiare la vita delle persone.
    [Show full text]
  • Rete Ferroviaria Italiana S.P.A. 2017 ANNUAL REPORT
    (Translation from the Italian original which remains the definitive version) Rete Ferroviaria Italiana S.p.A. 2017 ANNUAL REPORT DISCLAIMER The English version is a translation of the original in Italian for information purposes only. In case of a discrepancy, the Italian original will prevail. RFI S.p.A. RETE FERROVIARIA ITALIANA – S.p.A. – Ferrovie dello Stato Italiane group Company with sole shareholder, managed and coordinated by Ferrovie dello Stato Italiane S.p.A. pursuant to article 2497 sexies of the Italian Civil Code and Legislative decree no. 112/2015 Registered office: Piazza della Croce Rossa 1, 00161 Rome Fully paid-up share capital: €31,525,279,633.00 Registered with the Rome company registrar Tax code: 01585570581 and VAT number: 01008081000 - R.E.A. number: 758300 2017 Annual Report 2 RFI S.p.A. COMPANY MISSION Rete Ferroviaria Italiana S.p.A. (“RFI S.p.A.”) is the Ferrovie dello Stato Italiane group (“FS Italiane group”) company responsible for managing the national railway infrastructure. With decree no. 138 – T of 31 October 2000, the Ministry of Transport and Navigation assigned the company a 60-year concession to operate the Italian railway infrastructure. RFI S.p.A. owns the infrastructure consisting of the portion that belonged to the former public body, Ferrovie dello Stato (and which now makes up RFI S.p.A.’s assets) and the portion acquired subsequently using own funds. The infrastructure was previously funded through third party financing, then through capital injections from the government and Ferrovie dello Stato Italiane and currently through government grants related to assets.
    [Show full text]
  • The Role of Railway Stations in the Formation of a New Quality of Indoor and Outdoor Public Space in the Defined Urban Structure of Downtown Milan
    JULIAN FRANTA* THE ROLE OF RAILWAY STATIONS IN THE FORMATION OF A NEW QUALITY OF INDOOR AND OUTDOOR PUBLIC SPACE IN THE DEFINED URBAN STRUCTURE OF DOWNTOWN MILAN Abstract This article is devoted to the process of transforming the train station areas in Milan. Stazione di Milano Centrale has been extended with new accompanying functions, which diametrically changed the proportions between the previously dominating railway function and the complementary service function. On the other hand, areas around Porta Garibaldi train station (which hasn’t been developed for years and where spatial chaos continued) have been totally reconstructed, with changed functions and with a higher quality of public spaces. Central railway stations, which have been hybridized lately, cease to fulfill one specific function in the city and become multipurpose complexes. Observing this tendency, we have every reason to believe that railway and train station areas will play an increasingly important role in cities, turning into crucial elements of the central structure. Keywords: railway station, city centre, hybrid, multimedia junction. 1. Introduction – exposing the problem This applies both to the same building – specifically, indoor public space and, interacting with it in the urban Regarding the issues of tradition and heritage in today’s context – the outdoor public space. city image – from the perspective represented by the Inter- More and more frequently, railway stations are becoming national Network for Traditional Buildings, Architecture, multipurpose hybrid layouts. Their traditionally overriding and Urbanism – it seems appropriate to analise the role of railway function is now included in a set of other functions contemporary objects and systems, historically important which – extending and differentiating – assume the propor- for downtown structures, such as train stations.
    [Show full text]
  • BASE PROSPECTUS FERROVIE DELLO STATO ITALIANE S.P.A
    BASE PROSPECTUS FERROVIE DELLO STATO ITALIANE S.p.A. (incorporated with limited liability in the Republic of Italy) €4,500,000,000 Euro Medium Term Note Programme This Base Prospectus has been approved by the Central Bank of Ireland, as competent authority under Directive 2003/71/EC, as amended (the "Prospectus Directive"). The Central Bank of Ireland only approves this Base Prospectus as meeting the requirements imposed under Irish and EU law pursuant to the Prospectus Directive. This Base Prospectus comprises a Base Prospectus for the purposes of Article 5.4 of the Prospectus Directive. Application has been made to the Irish Stock Exchange for notes ("Notes") issued under the Euro Medium Term Note Programme described herein (the "Programme") within twelve months after the date hereof to be admitted to the Official List of the Irish Stock Exchange (the "Official List") and trading on its regulated market (the "Main Securities Market"). The Main Securities Market is a regulated market for the purposes of Directive 2004/39/EC (the "Markets in Financial Instruments Directive"). Such approval relates only to the Notes which are to be admitted to trading on a regulated market for the purposes of the Markets in Financial Instruments Directive and/or which are to be offered to the public in any Member State of the European Economic Area. The Programme also permits Notes to be issued on the basis that they will not be admitted to listing, trading and/or quotation by any competent authority, stock exchange and/or quotation system or to be admitted to listing, trading and/or quotation by such other or further competent authorities, stock exchanges and/or quotation systems as may be agreed with the Issuer.
    [Show full text]
  • 2017 Annual Report(.Pdf — 6403
    (Translation from the Italian original which remains the definitive version) 2017 ANNUAL REPORT CONTENTS 2017 ANNUAL REPORT 1 Chairwoman’s letter 1 Group highlights 8 DIRECTORS’ REPORT 15 Non-financial information – Methodology for reporting non-financial information 16 The group’s financial position and performance 18 Business model 27 Segment reporting 29 FS Italiane S.p.A.’s financial position and performance 40 Investments 44 Research, development and innovation 53 Context and focus on FS Italiane group 55 Report on corporate governance and the ownership structure 82 Sustainability in the group 102 Stakeholders 117 Main events of the year 136 Risk factors 145 Travel safety 151 Other information 152 The parent’s treasury shares 159 Related party transactions 160 Outlook 161 Consolidated financial statements of Ferrovie dello Stato Italiane group as at and for the year ended 31 December 2017 162 Consolidated financial statements 163 Notes to the consolidated financial statements 169 Annexes 263 Separate financial statements of Ferrovie dello Stato Italiane S.p.A. as at and for the year ended 31 December 2017 276 Financial statements 277 Notes to the separate financial statements 283 Proposed allocation of the profit for the year of Ferrovie dello Stato Italiane S.p.A. 345 Ferrovie dello Stato Italiane group 2 Chairwoman’s letter Dear Shareholder, Ferrovie dello Stato Italiane group posted excellent results for 2017, in line with the challenging 2017-2026 business plan approved by the board of directors in September 2016. In their collective pursuit of the objectives set forth in this business plan, the group companies are highly focused on protecting their businesses and satisfying their stakeholders, with a strong sense of belonging and shared accountability for the achievement of their common strategic goals.
    [Show full text]
  • Trenitalia S.P.A
    (Translation from the Italian original which remains the definitive version) Trenitalia S.p.A. Financial statements as at and for the year ended 31 December 2017 (with report of the auditors thereon) KPMG S.p.A. 19 March 2018 ANNUAL REPORT (Translation from the Italian original which remains the definitive version) TRENITALIA S.p.A. Trenitalia S.p.A. Company with sole shareholder, managed and coordinated by Ferrovie dello Stato Italiane S.p.A. Registered office: Piazza della Croce Rossa 1, 00161 Rome Fully paid-up share capital: €1,417,782,000.00 Rome R.E.A. no. 0883047 Tax code and VAT no. 05403151003 Telephone: 06 44101 Website: www.trenitalia.com 2017 annual report 1 TRENITALIA S.p.A. COMPANY MISSION Trenitalia provides passenger transport services domestically and internationally. Trenitalia’s mission revolves around certain essential conditions, which consist in the safety of its services, the quality and the health of its workers and protecting the environment. Trenitalia believes that putting its relationship with customers first is the way to gain a long-term competitive advantage and create value for shareholders. Trenitalia’s entire organisation is committed to meeting customers’ needs and market demands. It always guarantees high safety standards and implements development and modernisation plans in accordance with economic, social and environmental sustainability standards. To achieve its mission, the company has created an organisational structure divided into divisions, and it has assigned each of these the monitoring of the relevant business according to the particular characteristics of the market in which the division operates. 2017 annual report 2 TRENITALIA S.p.A.
    [Show full text]