DOCSLIB.ORG

ENEL – Società Per Azioni (Incorporated with Limited Liability in Italy) As an Issuer and Guarantor and ENEL FINANCE INTERNATIONAL N.V

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
ENEL – Società Per Azioni (Incorporated with Limited Liability in Italy) As an Issuer and Guarantor and ENEL FINANCE INTERNATIONAL N.V Offering Circular dated 29 May 2013 ENEL – Società per Azioni (incorporated with limited liability in Italy) as an Issuer and Guarantor and ENEL FINANCE INTERNATIONAL N.V. (a limited liability company incorporated in The Netherlands, having its registered office at Herengracht 471,1017 BS Amsterdam, The Netherlands) as an Issuer €35,000,000,000 Global Medium Term Note Programme On 7 December 2000 ENEL — Società per Azioni (“ENEL” or the “Company”) entered into a Global Medium Term Note Programme (the “Programme”) and issued an offering circular on that date describing the Programme. The Programme was subsequently updated, most recently on 30 May 2012. This Offering Circular supersedes all previous Offering Circulars. Any Notes (as defined below) issued under the Programme on or after the date of this Offering Circular are issued subject to the provisions herein. This does not affect any Notes already issued. Under the Programme, each of ENEL and ENEL Finance International N.V. (“ENEL N.V.”) may from time to time issue notes (the “Notes”) denominated in any currency agreed between the relevant Issuer and the relevant Dealer (as defined below). References in this Offering Circular to the “relevant Issuer” shall, in relation to any Tranche of Notes, be construed as references to the Issuer which is, or is intended to be, the Issuer of such Notes as indicated in the applicable Final Terms. The payment of all amounts owing in respect of Notes issued by ENEL N.V. will be unconditionally and irrevocably guaranteed by ENEL in its capacity as guarantor (the “Guarantor”). ENEL N.V. has a right of substitution as set out in Condition 16(a) and Condition 16(c). ENEL N.V. may at any time, without the consent of the Noteholders or the Couponholders, substitute for itself as principal debtor under the Notes and the Coupons either ENEL as Issuer or any of ENEL’s Subsidiaries (as defined below). ENEL or the relevant Subsidiary (failing which, ENEL) shall indemnify each Noteholder and Couponholder against any adverse tax consequences of such a substitution, except that neither ENEL nor the relevant Subsidiary shall be liable under such indemnity to pay any additional amounts either on account of “imposta sostitutiva” or on account of any other withholding or deduction in the event of payment of interest or other amounts paid to a non-Italian resident legal entity or a non-Italian resident individual which is resident in a country which does not allow for a satisfactory exchange of information. When ENEL N.V. is to be substituted by another of ENEL’s Subsidiaries, such substitution may only take place if ENEL continues to guarantee the obligations of such Subsidiary. For further details regarding ENEL N.V.’s right of substitution see Condition 16(a)and Condition 16(c). ENEL has a right of substitution as set out in Condition 16(b). ENEL may, at any time, without the consent of the Noteholders or the Couponholders, substitute for itself as principal debtor under the Notes and Coupons any of its Subsidiaries provided that ENEL shall guarantee the obligations of such Subsidiary. The relevant Subsidiary (failing which, ENEL) shall indemnify each Noteholder and Couponholder against any adverse tax consequences of such a substitution, except that neither the relevant Subsidiary nor ENEL shall be liable under such indemnity to pay any additional amounts either on account of “imposta sostitutiva” or on account of any other withholding or deduction in the event of payment of interest or other amounts paid to a non- Italian resident legal entity or a non-Italian resident individual which is resident in a country which does not allow for a satisfactory exchange of information. For further details regarding ENEL’s right of substitution, see Condition 16(b). Notes may be issued in bearer or registered form (respectively “Bearer Notes” and “Registered Notes”). The maximum aggregate nominal amount of all Notes from time to time outstanding under the Programme will not exceed €35,000,000,000 (or its equivalent in other currencies calculated as described herein), subject to increase as described herein. The Notes may be issued on a continuing basis to one or more of the Dealers specified under “Summary of the Programme” and any additional Dealer appointed under the Programme from time to time by the relevant Issuer (each a “Dealer” and together the “Dealers”), which appointment may be for a specific issue or on an ongoing basis. References in this Offering Circular to the “relevant Dealer” shall, in the case of an issue of Notes being (or intended to be) subscribed by more than one Dealer, be to all Dealers agreeing to purchase such Notes. An investment in Notes issued under the Programme involves certain risks. For a discussion of these see “Risk Factors”. This Offering Circular has been approved by the Central Bank of Ireland (the “Central Bank”), as competent authority under the Prospectus Directive 2003/71/EC (the “Prospectus Directive”). The Central Bank only approves this Offering Circular as meeting the requirements imposed under Irish and EU law pursuant to the Prospectus Directive. Such approval relates only to Notes which are to be admitted to trading on the regulated market of the Irish Stock Exchange or other regulated markets for the purposes of Directive 2004/39/EC or which are to be offered to the public in any Member State of the European Economic Area. Application has been made to the Irish Stock Exchange for Notes issued under the Programme to be admitted to the Official List and trading on its regulated market. Notice of the aggregate nominal amount of Notes, interest (if any) payable in respect of Notes, the issue price of Notes and any other terms and conditions not contained herein which are applicable to each Tranche (as defined under “Terms and Conditions of the Notes”) of Notes will be set out in the final terms (the “Final Terms”) which, with respect to Notes to be listed on the Irish Stock Exchange, will be filed with the Central Bank. The Programme provides that Notes may be listed or admitted to trading, as the case may be, on such other or further stock exchanges or markets as may be agreed between the relevant Issuer and the Guarantor (where ENEL is not the relevant Issuer) and the relevant Dealer. The relevant Issuer may also issue unlisted Notes and/or Notes not admitted to trading on any market. The Notes issued by ENEL will constitute “obbligazioni” pursuant to Article 2410, and the Articles that follow such Article 2410, of the Italian Civil Code, which relate to the issuance of “obbligazioni” by corporations in Italy. The Notes have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction of the United States, and the Notes may include bearer notes that are subject to U.S. tax law requirements. Subject to certain exceptions, the Notes may not be offered or sold or, in the case of bearer notes, delivered within the United States or for the account or benefit of U.S. Persons (as defined in Regulation S under the Securities Act (“Regulation S”)). The Notes will be offered and sold in offshore transactions to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act and, if so specified in the applicable Final Terms, within the United States to “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) (“Rule 144A”), in transactions exempt from the registration requirements of the Securities Act. For a description of these and certain further restrictions on offers, sales and transfers of Notes and distribution of this Offering Circular see “Subscription and Sale and Selling and Transfer Restrictions”. The Notes have not been approved or disapproved by the U.S. Securities and Exchange Commission, any state securities commission in the United States or any other U.S. regulatory authority, nor has any of the foregoing authorities passed upon or endorsed the merits of the offering of Notes or the accuracy or the adequacy of this Offering Circular. Any representation to the contrary is a criminal offence. The relevant Issuer and the Guarantor (where ENEL is not the relevant Issuer) may agree with any Dealer that Notes may be issued in a form not contemplated by the Terms and Conditions of the Notes herein, which Notes will not be admitted to trading on a regulated market in the European Economic Area nor offered to the public in the European Economic Area. ENEL’s long-term debt is currently rated “BBB+” (negative outlook) by Standard & Poor’s Credit Market Services Italy s.r.l. (“S&P”), “BBB+” (rating watch negative) by Fitch Ratings Ltd (“Fitch”) and “Baa2” (negative outlook) by Moody’s Investors Service Ltd (“Moody’s”). Each of Moody’s, S&P and Fitch is established in the European Union and registered under Regulation (EC) No.1060/2009 (as amended) (the “CRA Regulation”) and as such is included in the list of credit rating 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.Tranches of Notes to be issued under the Programme will be rated or unrated. Where a Tranche of Notes is to be rated, such rating will not necessarily be the same as the rating assigned to Notes already issued. Where a Tranche of Notes is rated, the applicable rating(s) will be specified in the relevant Final Terms.
Load more

Recommended publications
  • ENEL — Società Per Azioni (Incorporated with Limited Liability in Italy) U.S
    OFFERING CIRCULAR NOT FOR GENERAL CIRCULATION IN THE UNITED STATES ENEL — Società per Azioni (incorporated with limited liability in Italy) U.S. $1,250,000,000 Capital Securities due 2073 Enel — Società per Azioni (the “Issuer” or “Enel”) will issue U.S. $1,250,000,000 Capital Securities due 2073 (the “Securities”) on September 24, 2013 (the “Issue Date”). The Securities will bear interest on their principal amount (a) from (and including) the Issue Date to (but excluding) the First Reset Date, at the rate of 8.750 percent per annum and (b) from (and including) the First Reset Date to (but excluding) the Maturity Date, for each Reset Period, the relevant 5-year Swap Rate plus (A) in respect of the Reset Periods commencing on the First Reset Date, September 24, 2028, September 24, 2033 and September 24, 2038, 6.130 percent per annum, and (B) in respect of any other Reset Period, 6.880 percent per annum (each, as defined in “Description of the Securities”). Interest on the Securities will be payable semi- annually in arrears on March 24 and September 24 each year, commencing on March 24, 2014 (each an “Interest Payment Date”). Payment of interest on the Securities may be deferred at the option of the Issuer in certain circumstances, as set out under “Description of the Securities — Interest Deferral”. The Securities will be issued in fully registered form and only in denominations of U.S. $200,000 and in integral multiples of U.S. $1,000 in excess thereof. Unless previously redeemed by the Issuer as provided below, the Issuer will redeem the Securities on September 24, 2073 at their principal amount, together with interest accrued to, but excluding, such date and any Arrears of Interest (as defined in “Description of the Securities”).
    [Show full text]
  • F-MARC Football Medicine Manual 2Nd Edition F-MARC Football Medicine Manual 2Nd Edition 2 Editors - Authors - Contributors | Football Medicine Manual
    F-MARC Football Medicine Manual 2nd Edition F-MARC Football Medicine Manual 2nd Edition 2 Editors - Authors - Contributors | Football Medicine Manual Football Medicine Manual Editors DVORAK Jiri Prof. Dr F-MARC, Schulthess Clinic Zurich, Switzerland JUNGE Astrid Dr F-MARC, Schulthess Clinic Zurich, Switzerland GRIMM Katharina Dr FIFA Medical Offi ce Zurich, Switzerland Authors 2nd Edition 2009 ACKERMAN Kathryn E. Harvard Medical School Harvard, USA BABWAH Terence Dr Sports Medicine and Injury Rehabilitation Clinic Macoya, Trinidad BAHR Roald Prof. Dr Oslo Sports Trauma Research Center Oslo, Norway BANGSBO Jens Prof. Dr University of Copenhagen Copenhagen, Denmark BÄRTSCH Peter Prof. Dr University of Heidelberg Heidelberg, Germany BIZZINI Mario PT Schulthess Clinic Zurich, Switzerland CHOMIAK Jiri Dr Orthopaedic University Hospital Bulovka Prague, Czech Republic DVORAK Jiri Prof. Dr F-MARC, Schulthess Klinik Zurich, Switzerland EDWARDS Tony Dr Adidas Sports Medicine Auckland, New Zealand ENGEBRETSEN Lars Prof. Dr Oslo Sports Trauma Research Center Oslo, Norway FULLER Colin Prof. Dr University of Nottingham Nottingham, England GRIMM Katharina Dr FIFA Medical Offi ce Zurich, Switzerland JUNGE Astrid Dr F-MARC, Schulthess Clinic Zurich, Switzerland KHAN Karim Prof. Dr Editor in Chief British Journal of Sports Medicine Sydney, Australia Editors - Authors - Contributors | Football Medicine Manual 3 KOLBE John Prof. Dr University of Auckland Auckland, New Zealand LÜSCHER Thomas Prof. Dr University of Zurich Zurich, Switzerland MANDELBAUM Bert Dr Santa Monica Orthopaedic and Sports Medicine Group Santa Monica, USA MAUGHAN Ron Prof. Dr University of Loughborough Loughborough, Great Britain PETERSON Lars Prof. Dr Gothenburg Medical Center Gothenburg, Sweden REILLY Thomas Prof. Dr Liverpool John Moores University Liverpool, Great Britain SALTIN Bengt Prof.
    [Show full text]
  • I) Attention Is Drawn to the Fact That the Copyright of a Thesis Rests with Its Author. Requests for Such Permission Should Be A
    For the attention of candidates who have completed Part A i) Attention is drawn to the fact that the copyright of a thesis rests with its author. ii) A copy of a candidate's thesis is supplied to the Library on condition that anyone who consults it is understood to recognise that its copyright rests with its author and that no quotation from the thesis and no information derived from it may be published without the prior written consent of the author or University, as' appropriate. Requests for such permission should be addressed in the first instance to the Head of Library Services. 4 The epidemiological approach to sports injury: the case for rugby league A Thesis Submitted for the Degree of Doctor of Philosophy By Conor Gissane Department of Health and Social Care, Brunel University May 2003 11 Abstract In any sporting activity it is important to know how many injuries players might receive and also what type of injuries will be received, so that efforts can be made to reduce the risk of injury. This thesis examines the injury incidence associated with playing professional rugby league, and examines some of the risks associated with injury whilst playing the game. The first paper describes the pattern of injury incidence in professional rugby league and noted that it is higher than in other popular team sports. The second paper examines the different exposures of forward and back players and observes that forwards experience higher rates of injury. The third and fourth papers examine the effect of moving the playing calendar to summer rugby.
    [Show full text]
  • Movement Demands of Elite Rugby League Players During Australian National Rugby League and European Super League Matches
    International Journal of Sports Physiology and Performance, 2014, 9, 925-930 http://dx.doi.org/10.1123/ijspp.2013-0270 © 2014 Human Kinetics, Inc. www.IJSPP-Journal.com ORIGINAL INVESTIGATION Movement Demands of Elite Rugby League Players During Australian National Rugby League and European Super League Matches Craig Twist, Jamie Highton, Mark Waldron, Emma Edwards, Damien Austin, and Tim J. Gabbett Purpose: This study compared the movement demands of players competing in matches from the elite Australian and European rugby league competitions. Methods: Global positioning system devices were used to measure 192 performances of forwards, adjustables, and outside backs during National Rugby League (NRL; n = 88) and European Super League (SL; n = 104) matches. Total and relative distances covered overall and at low (0–3.5 m/s), moderate (3.6–5 m/s), and high (>5 m/s) speeds were measured alongside changes in movement variables across the early, middle, and late phases of the season. Results: The relative distance covered in SL matches (95.8 ± 18.6 m/min) was significantly greater (P < .05) than in NRL matches (90.2 ± 8.3 m/min). Relative low-speed activity (70.3 ± 4.9 m/min vs 75.5 ± 18.9 m/min) and moderate-speed running (12.5 ± 3.3 m m/min vs 14.2 ± 3.8 m/min) were highest (P < .05) in the SL matches, and relative high-speed distance was greater (P < .05) during NRL matches (7.8 ± 2.1 m/min vs 6.1 ± 1.7 m/min). Conclusions: NRL players have better maintenance of high-speed running between the first and second halves of matches and perform less low- and moderate-speed activity, indicating that the NRL provides a higher standard of rugby league competition than the SL.
    [Show full text]
  • Annual Report 2008 Worldreginfo - B7b5300d-1A31-4065-Bf70-959263139Ba8 Ordinary Shareholders’ Meeting of April 29 and 30, 2009
    Annual Report 2008 WorldReginfo - b7b5300d-1a31-4065-bf70-959263139ba8 Ordinary Shareholders’ Meeting of April 29 and 30, 2009 The notice convening the meeting was published on the Gazzetta Ufficiale of the Republic of Italy No. 36, section II of March 28, 2009 page 2 This annual report includes the report of Eni’s Board of Directors and Eni’s consolidated financial statements for the year ended December 31, 2008, which have been prepared under the International Financial Reporting Standards (IFRS), as adopted by the European Union. Disclaimer This annual report contains certain forward-looking statements in particular under the section “Outlook” regarding capital expenditure, development and management of oil and gas resources, dividends, share repurchases, allocation of future cash flow from operations, future operating performance, gearing, targets of production and sale growth, new markets, and the progress and timing of projects. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that will or may occur in the future. Actual results may differ from those expressed in such statements, depending on a variety of factors, including the timing of bringing new fields on stream; management’s ability in carrying out industrial plans and in succeeding in commercial transactions; future levels of industry product supply; demand and pricing; operational problems; general economic conditions; political stability and economic growth in relevant areas of the world; changes in laws and governmental regulations; development and use of new technology; changes in public expectations and other changes in business conditions; the actions of competitors and other factors discussed elsewhere in this document.
    [Show full text]
  • Annual Report 2008
    Annual Report 2008 Annual Report December 2008 Banca IMI S.p.A. Piazzetta Giordano Dell’Amore 3 – 20121 Milan (Italy) – Share capital 662,464,000 Euro – ABI Code 3249.0 – Member of the Interbank Deposit Protection Fund – Registered with the Milan Business Registry – Registration number and tax ID 04377700150 – e-mail: info@ bancaimi.com – www.bancaimi.com – Telephone +39 02.72611 – Company subject to management and control of the sale shareholder Intesa Sanpaolo S.p.A. – Banca IMI is a bank of Intesa Sanpaolo Group Contents Officers 5 Summary information 7 Executive summary 8 Report by the Board of Directors on the Company’s situation and management trends 11 Business plan and management guidelines 13 Macroeconomic outlook and financial markets 15 Results by business area 17 Results in 2008 22 Equity aggregates 32 Equity investments and holdings 39 Capital adequacy 42 Operations support and organizational change 45 Human resources 47 Management and coordination by Intesa Sanpaolo 49 Dealings with other Group companies 50 Business outlook 51 Proposals to the Shareholders’ Meeting 52 Certification by the executive in charge of accounting documents 53 Report of the Independent Auditors 55 Report of the Board of Statutory Auditors 59 Financial statements of Banca IMI 63 Balance sheet 64 Income Statement 66 Statement of changes in shareholders’ equity 67 Statement of cash flows 69 Notes 71 Part A – Accounting policies 73 Part B – Information on the balance sheet 83 Part C – Information on the Income Statement 117 Part E – Information on risks
    [Show full text]
  • Corporate Governance Report 2010 Corporate Governance Piazzale Enrico Mattei, 1 - 00144 Rome E-Mail: [email protected]
    eni.com Corporate Governance Report 2010 Corporate Governance Piazzale Enrico Mattei, 1 - 00144 Rome e-mail: [email protected] MISSION Investor Relations Piazza Ezio Vanoni, 1 - 20097 San Donato Milanese (Milan) We are a major integrated energy company, Tel. +39-0252051651 - Fax +39-0252031929 e-mail: [email protected] committed to growth in the activities of finding, producing, transporting, transforming and marketing oil and gas. Eni men and women have a passion for challenges, continuous improvement, excellence and particularly value people, the environment and integrity. eni spa Headquarters: Rome, Piazzale Enrico Mattei, 1 Capital stock as of December 31, 2010: € 4,005,358,876 fully paid Tax identification number: 00484960588 Countries of activity Branches: San Donato Milanese (Milan) – Via Emilia, 1 EUROPE San Donato Milanese (Milan) – Piazza Ezio Vanoni, 1 Austria, Belgium, Croatia, Cyprus, Czech Republic, Denmark, France, Germany, Greece, Hungary, Ireland, Italy, Publications Luxembourg, Malta, the Netherlands, Norway, Financial Statement pursuant to rule 154-ter paragraph 1 Poland, Portugal, Romania, Slovakia, of Legislative Decree No. 58/1998 Slovenia, Spain, Sweden, Switzerland, Annual Report Turkey, the United Kingdom Annual Report on Form 20-F for the Securities and Exchange Commission AFRICA Fact Book (in Italian and English) Algeria, Angola, Congo, Côte D’Ivoire, Eni in 2010 (in English) Repubblica Democratica del Congo, Egypt, Interim Consolidated Report as of June 30 pursuant Equatorial Guinea, Gabon, Ghana, Libya, Mali, to rule 154-ter paragraph 2 of Legislative Decree No. 58/1998 Morocco, Mozambique, Nigeria, Togo, Tunisia Internet Home page: eni.com Rome office telephone: +39-0659821 ASIA AND OCEANIA Toll-free number: 800940924 Australia, Azerbaijan, China, e-mail: [email protected] East Timor, India, Indonesia, Iran, Iraq, Kazakhstan, Kuwait, Malaysia, Oman, ADRs/Depositary Pakistan, Papua-New Guinea, Philippines, J.P.
    [Show full text]
  • 2011 List of Approved Leonardo Partnerships Page 1 Grant Awarded Reference No
    LIST OF APPROVED LEONARDO PARTNERSHIP APPLICATIONS (2011) 217 applications were submitted to the Leonardo UK National Agency, for the following deadline: 21st February 2011. The following 81 were approved: Grant Awarded Reference No. Organisation Organisation Address UK Country Project Title EURO The Big Yellow Building, 25 Alfreds Way, LdVP/11/182P 3D Ministries and CO Ltd T/A Streetwyze England Professional Orientation of People with Disability 20,000 Barking, IG11 0AG Gallowgate Centre, Gallowgate, Aberdeen, AB25 LdVP/11/173P Aberdeen College Scotland ENABLE 25,000 1BN The Old Granary, Penstock Hall Farm, LdVP/11/158P Action with Communities in Rural Kent England Academy for Social Entrepreneurs 20,000 Canterbury Road, East Bradbourne, TN2 55LL Increasing the Quality of the STAFF Responsible for the LdVP/11/112P Almond Vocational Link Ltd 36 New Street, Barbican, Plymouth, PL1 2NA England 20,000 Period of SEN Student's Vocational Education LdVP/11/006P Anniesland College 19 Hatfield Drive, Glasgow, G12 0YE Scotland Qualipaths 20,000 Basingstoke and Deane Borough Civic Offices, London Road, Basingstoke, RG21 LdVP/11/084C England Engineering + 15,000 Council 4AH Languages, School of Education, Belfast, BT1 Northern LdVP/11/042P Belfast Metropolitan College (BMC) Building Europe through Language Learning 25,000 1HS Ireland City North Campus, Franchise Street, Innovative Media and Music Heritage Impacting LdVP/11/031C Birmingham City University England 25,000 Birmingham, B42 2SU Vocational Education City North Campus, Franchise Street, LdVP/11/077C Birmingham City University England Partnership Around Continuous Training of Teachers 25,000 Birmingham, B42 2SU 2011 List of approved Leonardo Partnerships Page 1 Grant Awarded Reference No.
    [Show full text]
  • Independent Auditors' Report on The
    Annual report 2003 This is an English translation of an excerpt of the Italian original “Bilanci 2003” and has been prepared solely for the convenience of the reader. The translation contains the consolidated financial statements (made up of the balance sheet, the statement of income, the notes to the consolidated financial statements and the report on operations) and has been integrated by the translation of parts of the Parent Company’s financial statements deemed to be of particular interest (the balance sheet, the statement of income, certain parts of the notes to the Parent Company’s financial statements and the complete version of the Parent Company’s report on operations). The version in Italian takes precedence and will be made available to interested readers upon written request to Banca Intesa S.p.A. Corporate image and marketing communications Via Monte di Pietà, 8 20121 Milano, Italy Fax +39 02 879.62898/63638. Registered office Piazza Paolo Ferrari 10 20121 Milano Italy Telephone +39 02 879.11 [email protected] www.bancaintesa.it Investor Relations Piazza della Scala 6 20121 Milano Italy Fax +39 02 879.42587 [email protected] Report and consolidated financial statements for 2003 Banca Intesa S.p.A. Share capital 3,561,062,849.24 euro fully paid-in – Milano Company Register and Fiscal Code No. 00799960158 Member of the National Interbank Deposit Guarantee Fund – Included in the National Register of Banks No. 5361 Gruppo Intesa included in the National Register of Banking Groups Contents Board of Directors, Board
    [Show full text]
  • 2020 Consolidated Non-Financial Statement Pages [I] Link to Websites
    2020 Consolidated Non-financial Statement in accordance with Legislative Decree No. 254 of 2016 Boards, Management, Auditors BOARD OF DIRECTORS Chairman Gian Maria GROS-PIETRO Deputy Chairperson Paolo Andrea COLOMBO Managing Director and Chief Executive Officer Carlo MESSINA (a) Board Members Franco CERUTI Rossella LOCATELLI Luciano NEBBIA Bruno PICCA Livia POMODORO Maria Alessandra STEFANELLI Guglielmo WEBER Daniele ZAMBONI Maria MAZZARELLA Anna GATTI Andrea SIRONI (1) Fabrizio MOSCA (*) Milena Teresa MOTTA (*) Maria Cristina ZOPPO (*) Alberto Maria PISANI (*) (**) Roberto FRANCHINI (*) (2) MANAGER RESPONSIBLE FOR PREPARING THE COMPANY'S FINANCIAL REPORT Fabrizio DABBENE INDIPENDENT AUDITORS KPMG S.p.A. (a) General Manager (*) Member of the Management Control Committee (**) Chairman of the Management Control Committee (1) Appointed by the Shareholders’ Meeting on 27 April 2020 after co-option by the Board of Directors on 2 December 2019 (2) Appointed by the Shareholders’ Meeting on 27 April 2020 in substitution of resigning Director Corrado Gatti 3 Contents LETTER TO STAKEHOLDERS 6 Combating money laundering 79 Compliance with tax regulations 80 METHODOLOGY 9 Protection of free competition 83 Privacy protection 84 EXECUTIVE SUMMARY 11 Compliance with labour laws 85 Main performance indicators 12 Audits 85 Main actions taken to face the Disputes and fines 86 COVID-19 emergency 23 Sustainability indices, rankings SOCIETY 87 and awards 24 Quality of service and customer satisfaction 92 IDENTITY AND PROFILE 26 Service quality 92 Group Presentation
    [Show full text]
  • Una Voce JOURNAL of the PAPUA NEW GUINEA ASSOCIATION of AUSTRALIA INC (Formerly the Retired Officers Association of Papua New Guinea Inc)
    ISSN 1442-6161, PPA 224987/00025 2005, No 2 - June Una Voce JOURNAL OF THE PAPUA NEW GUINEA ASSOCIATION OF AUSTRALIA INC (formerly the Retired Officers Association of Papua New Guinea Inc) Patrons: His Excellency Major General Michael Jeffery AC CVO MC (Retd) Governor-General of the Commonwealth of Australia Mrs Roma Bates; Mr Fred Kaad OBE In This Issue CHRISTMAS LUNCHEON – IN 100 WORDS OR LESS 3 This year’s Christmas Luncheon will WALK INTO PARADISE 4 be on Sunday 4 December at the NEWS FROM THE NORTHERN TERRITORY 5 Mandarin Club Sydney. We will have NEWS FROM SOUTH AUSTRALIA 6 a special theme to celebrate 30 years since PNG Independence. Look in the PNG......IN THE NEWS 7 September issue of Una Voce for Rick Nehmy reports 9 details...you will need to book early! More About Tsunami And Earthquakes 11 DONATION OF TIMBER TO MANAM ISLANDERS 14 * * * MADANG HONOURS WAR DEAD 14 VISIT TO THE MOUNTAINS EDUCATIONAL LEADERSHIP 15 The annual spring visit to the Blue MARITIME COLLEGE ACQUIRES STOREHOUSES Mountains will be on Thursday 13 15 October, 2005. Last year we were again KIAPHAT OF PORONPOSOM 16 welcomed at the spacious home of COX AND THE WENZELS 19 George and Edna Oakes at Woodford for THE SOUTH PACIFIC GAMES 20 another warm and friendly gathering. WANPELA MO BLADI ROT NA PINIS OLGERA 22 Fortunately Edna and George will be our Agricultural Development in PNG 24 hosts again this year. Full details in KOKODA TRACK AUTHORITY 26 September issue. REUNIONS 27 * * * Help Wanted 28 CPI: The CPI for our superannuation PNGAA COLLECTION - FRYER LIBRARY 29 rose 1.4% for the six months to March BOOK NEWS AND REVIEWS 30 2005 and will be paid at the end of The Lost Garrison of Rabaul 32 June.
    [Show full text]
  • Report on Corporate Governance and Ownership Structure for Year 2012
    Enel – report on corporate governance and ownership structure for year 2012 REPORT ON CORPORATE GOVERNANCE AND OWNERSHIP STRUCTURE (approved by the Board of Directors of Enel S.p.A. on April 4, 2013) - YEAR 2012 - (Drawn up pursuant to Articles 123-bis of the Consolidated Financial Act and 144-decies of CONSOB’s Regulation on Issuers) 1 Enel – report on corporate governance and ownership structure for year 2012 Section I: Governance and ownership structure ......................................................................................... 3 Introduction .................................................................................................................................................... 3 Ownership structure ....................................................................................................................................... 3 Share capital structure ....................................................................................................................................... 3 Major shareholdings and shareholders’ agreements ........................................................................................ 3 Limit on the ownership of shares and voting rights ........................................................................................... 4 Special powers of the Italian government.......................................................................................................... 4 Employee shareholdings: mechanism for exercising voting rights ...................................................................
    [Show full text]