Source: http://www.acea.it/Syndication.aspx?lang=en&catid=ca0f2b6ca32645eab98317285f9ca1e1&fmt=Rss20
Timestamp: 2013-12-13 04:54:11
Document Index: 498760305

Matched Legal Cases: ['art. 82', 'art. 2386', 'art. 13', 'art_13', 'art. 2364', 'art. 2449']

http://www.acea.it/section.aspx/en/2009?lang=en
c347dffdbbb04fcb97c8b20a73d26675
Acea S.p.A. (“ACEA”) announces the dates on which the Board of Directors is expected to examine the company’s financial results during 2009:
2009-07-29T11:31:53.4530000+02:00
Acea S.p.A. (“ACEA”) announces the dates on which the Board of Directors is expected to examine the company’s financial results during 2009: Friday March 27, 2009 Consolidated financial statements of the ACEA Group and separate financial statements of ACEA SpA for the year ended 31 December 2008 Thursday May 14, 2009 Quarterly report for the three months ended 31 March 2009
Wednesday July 29, 2009 Interim report for the six months ended 30 June 2009
Friday November 13, 2009 Quarterly report for the nine months ended 30 September 2009 The consolidated and separate financial statements for 2008 will be published within the deadline established by art. 82, section 2 of the Regulation approved by CONSOB Resolution 11971/1999 (and subsequent amendments). ACEA will, therefore, be exempted from publication of quarterly reports for the three months ended 31 December 2008. Meetings with the financial community and the media may be organised in order to present the financial results and strategies. Such meetings are expected to be timed to coincide with publication of the results for 2008. A General Meeting of the Company’s Shareholders will be called on 29 April 2009.
The proposed ex dividend date is 18 May 2009 with the dividend to be paid on 21 May 2009. Any changes to the above calendar will be immediately announced to the market and the Supervisory Authorities. Further information or clarification can be obtained by contacting ACEA’s Investor Relations, tel. ++39.06.5799.1, e-mail investor.relations@aceaspa.it. Rome, January 30, 2009
http://www.acea.it/document.aspx/en/acea_s_p_a_2009_financial_calendar/2009?lang=en
Wed, 29 Jul 2009 09:31:53 GMT
89a9789a9b104871908fa9a917f22c17
Rome, 13 November 2009 – A meeting of the Board of Directors of Acea SpA, chaired by Giancarlo Cremonesi, has approved the nine-month report at 30 September 2009 (9M 2009).
2009-11-13T17:52:51.1600000+01:00
Press Release ACEA: BOARD APPROVES NINE-MONTH REPORT AT 30 SEPTEMBER 2009
Consolidated revenue: 2,177.4 million euros (2,291.2 million euros for 9M 2008)
EBITDA: 404.6 million euros (442.5 million euros for 9M 2008)
EBIT: 202.8 million euros (266.1 million euros for 9M 2008)
Group net loss: 5.1 million euros (profit of 113.2 million euros for 9M 2008) after the extraordinary economic impact of the so-called “tax moratorium” (78.9 million euros)
The results for the first nine months of the current year reflect the positive contribution of the Group’s regulated businesses (Networks, Water and Environment and Energy). In contrast, the performance of the Acea Group’s unregulated business (Energy Generation and Sales) was affected by the progressive decline in demand for electricity as a result of the worsening international economic situation.
The results for 9M 2009 also reflect the impact of tax expense relating to further recovery of aid received in the form of the so-called “tax moratorium”, and previously announced non-recurring events (indemnities paid to the previous management team on leaving the Group and the recognition in 9M 2008 of extraordinary income essentially regarding return of the find imposed by the Antitrust).
After adjusting for the above non-recurring events, EBITDA for 9M 2009 is down 5.7%.
http://www.acea.it/document.aspx/en/acea_board_approves_nine-month_report_at_30_september_2009/2009?lang=en
Fri, 13 Nov 2009 16:52:51 GMT
a09a779180a34ace97b6aeaa7dff4d63
Rome, 21 October 2009 – The Board of Acea SpA, chaired by Giancarlo Cremonesi, approved - unanimously - the update of 2007 Business Plan for the period 2010-2012.
2009-10-22T10:39:23.7830000+02:00
Growth of regulated businesses confirmed
• Strong commitment on operating efficiency
• EBITDA to rise at CAGR of 13.5% over period 2010-2012
• Total investment of 1,294 million euros over period 2010-2012
• Safeguard balanced financial structure: Net Debt/EBITDA of 2.39x in 2012
The Plan confirms the growth strategy for all the Acea Group’s areas of business and takes account of the worsened macroeconomic situation.
Following the main items of the updated Business Plan:
• consolidation of Acea’s leadership in the Italian water industry, with a 2012 target of customer base of approximately 8.7 million;
• consolidation of earnings from electricity distribution;
• taking into account the tariffs change occurred;
• achievement of a balance between electricity production and sales to reduce the volatility of both margins and customer numbers, in part through the development of renewable generating capacity (wind);
• growth of the waste to energy (“WTE”) and co-generation businesses;
• strong commitment on operating efficiency;
• the creation of value for shareholders via increased earnings and implementing a
sustainable dividend policy, whilst maintaining a solid financial structure.
http://www.acea.it/document.aspx/en/acea_s_board_of_directors_approves_unanimously_the_update_of_business_plan_for_2010_-_2012/2009?lang=en
Thu, 22 Oct 2009 08:39:23 GMT
edf1ce0840b7450094162f10b4c3547b
Rome, 20 October 2009 – Acea announces that it is aware of the news item published by the press agency, Reuters, the content of which is without any basis in fact.
2009-10-20T17:47:49.3670000+02:00
Rome, 20 October 2009 – Acea announces that it is aware of the news item published by the press agency, Reuters, the content of which is without any basis in fact. The Company will make an announcement at the end of tomorrow’s Board of Directors’ meeting, during which the revised business plan will be presented. The Company also wishes to recall that the Company has been assigned the highest ratings in the sector.
http://www.acea.it/ViewDocument.aspx?lang=en&catid=ca0f2b6ca32645eab98317285f9ca1e1&docid=edf1ce0840b7450094162f10b4c3547b
Tue, 20 Oct 2009 15:47:49 GMT
b8f5006cdeba4bdda28d525f4fa106a9
Rome, 15 October 2009 – After lengthy discussion and in view of the complexity of the items on the agenda, today’s meeting of Acea SpA’s Board of Directors, chaired by Giancarlo Cremonesi, voted to adjourn the meeting until 10.00am on Wednesday, 21 October.
2009-10-15T17:45:34.8370000+02:00
http://www.acea.it/ViewDocument.aspx?lang=en&catid=ca0f2b6ca32645eab98317285f9ca1e1&docid=b8f5006cdeba4bdda28d525f4fa106a9
Thu, 15 Oct 2009 15:45:34 GMT
456a4cc8b7b8419893a02994fac35fd9
Rome, 28 September 2009 – Acea S.p.A. acknowledges the ”Community Obligations” Decree – published on 26 September – which among other issues introduces new measures concerning the so-called “tax moratorium”.
2009-09-29T11:28:52.9400000+02:00
Rome, 28 September 2009 – Acea S.p.A. acknowledges the ”Community Obligations” Decree – published on 26 September – which among other issues introduces new measures concerning the so-called “tax moratorium”. Despite the numerous measures already adopted by the Government concerning this issue – which, after agreements between the Government and the European Commission, have each time appeared to resolve the issue definitively – the procedure has not yet been closed at the Community level.
Acea has always maintained that it did not benefit from any tax incentives that might have distorted or hindered competition between 1996 and 1999, the period on which the dispute focusses.
Moreover, in response to the Government's request, Acea has already repaid alleged State aid requested with the decisions of 2007 and 2009 in the total amount of €32.1 million. Acea made the repayments in the belief that the recovery measure issued last spring had been adopted following a new agreement between the Italian Government and the Commission and, therefore, the payment represented the definitive closure of the dispute.
Acea also emphasises that most net income was distributed in the form of dividends to the majority public shareholder (City of Rome), to which most of the alleged tax benefits have consequently been transferred. The additional recovery demanded under the “Community Obligations” Decree therefore duplicates what has already in effect been returned to the public administration. The Decree establishes that gains on extraordinary transactions shall not be considered in determining taxable income for the purposes of recovering State aid. ACEA has calculated that the impact of this rule amounts to about €90 million. In the interest of its shareholders and customers, the Company will appeal the new measure approved by the Government in all appropriate national and Community fora.
http://www.acea.it/document.aspx/en/recovery_of_tax_moratorium_benefits/2009?lang=en
Tue, 29 Sep 2009 09:28:52 GMT
4f8a47bc87054ddfb7ce8b4c19f529f2
Rome, 15 September 2009 – Acea SpA announces that the General Meeting of Shareholders held in Rome today has elected three Directors, Luigi Pelaggi, AndreaPeruzy and Pierre Clavel, previously co-opted on to the Board by the Companypursuant to art. 2386 of the Italian Civil Code.
2009-10-22T10:08:00.0630000+02:00
http://www.acea.it/document.aspx/en/general_meeting_of_acea_s_shareholders_select_three_directors_luigi_pelaggi_andrea_peruzy_and_pierre_clavel/2009?lang=en
Thu, 22 Oct 2009 08:08:00 GMT
0ce4156d949b4a618e11d6e3d93d946d
Following receipt of notices of assessment from the tax authorities (Agenzia delle Entrate) in relation to the recovery of alleged state aid connected to the
2009-07-29T10:38:00.6570000+02:00
Rome, 5 May 2009 – Following receipt of notices of assessment from the tax authorities (Agenzia delle Entrate) in relation to the recovery of alleged state aid connected to the so-called “tax moratorium”, which the European Commission has judged to be incompatible with the Treaty, Acea SpA today effected payment of the additional amount due with respect to the sum already requested and paid back in 2007.
The Company has paid the additional amount requested by the tax authorities in full, inclusive of interest, the resulting amount of 23.1 million euros is covered by provisions made in the financial statements for the year ended 31 December 2008. In 2007 Acea SpA paid back 9 million euros. The recovery regards alleged state aid during the period 1997-1999.
http://www.acea.it/ViewDocument.aspx?lang=en&catid=ca0f2b6ca32645eab98317285f9ca1e1&docid=0ce4156d949b4a618e11d6e3d93d946d
Wed, 29 Jul 2009 08:38:00 GMT
8579b4ceff054771aa1bcea9114a0e80
With reference to the report published by Reuters today at 12:45, Acea categorically denies that there is any disagreement of any sort between the Chairman and CEO of Acea SpA.
2009-07-29T11:26:00.2670000+02:00
Rome, 18 February 2009 – With reference to the report published by Reuters today at 12:45, Acea categorically denies that there is any disagreement of any sort between the Chairman and CEO of Acea SpA. Referring to the negotiations between GdF Suez and Acea, please see the information provided in previous press releases.
http://www.acea.it/ViewDocument.aspx?lang=en&catid=ca0f2b6ca32645eab98317285f9ca1e1&docid=8579b4ceff054771aa1bcea9114a0e80
Wed, 29 Jul 2009 09:26:00 GMT
c81e024b0e0d4e609d5692c3d5465ba0
Rome, 29 July 2009 – A meeting of the Board of Directors of Acea SpA, chaired by Giancarlo Cremonesi, has approved the interim report for the six months ended 30June 2009 (H1 2009).
2009-07-30T09:40:12.3130000+02:00
Acea Group results: Consolidated revenue: 1,474.2 million euros (1,473.2 million euros in H1 2008)
EBITDA: 270.8 million euros (291.5 million euros in H1 2008)
EBIT: 136.0 million euros (171.8 million euros in H1 2008)
Group net profit: 55.1 million euros (72.7 million euros in H1 2008)
The first-half performance essentially reflects:
- the reduction in electricity consumption and in energy prices as a result of thecurrent economic crisis;
- non-recurring events (such as the indemnities paid to senior managers on leavingthe Group); - a decrease in amounts collected from electricity customers (above all in early 2009).
After adjusting for the impact of the above non-recurring events, EBITDA is down 2.5%.
http://www.acea.it/document.aspx/en/interim_report_for_2009_approved/2009?lang=en
Thu, 30 Jul 2009 07:40:12 GMT
c2725c93669d485d9d85615d99b70ee1
Rome, 22 July 2009 – With regard to yesterday's press release by Snam Rete Gas concerning “Gas distribution activity in Rome municipality", Acea announces that negotiations with its partner Gaz de France-Suez concerning the reorganisation of the latter's Italian operations are continuing.
2009-07-29T12:45:52.1270000+02:00
http://www.acea.it/ViewDocument.aspx?lang=en&catid=ca0f2b6ca32645eab98317285f9ca1e1&docid=c2725c93669d485d9d85615d99b70ee1
Wed, 29 Jul 2009 10:45:52 GMT
d156c285e6d743a2a08fb932e7a4b9d4
In response to today’s stock market rumours regarding potential problems with the Peschiera water sources
2009-07-29T11:05:29.1730000+02:00
Rome, 6 April 2009 – In response to today’s stock market rumours regarding potential problems with the Peschiera water sources – following the earthquake that struck the l’Aquila area at 3.32am this morning - Acea states that a visual and instrumental survey has not given rise to concerns regarding the structural and functional integrity of the infrastructure.
http://www.acea.it/ViewDocument.aspx?lang=en&catid=ca0f2b6ca32645eab98317285f9ca1e1&docid=d156c285e6d743a2a08fb932e7a4b9d4
Wed, 29 Jul 2009 09:05:29 GMT
5efd1fcd9dfc4a27ab68c19fa58f271e
Today’s meeting of the Board of Directors of Acea SpA, chaired by Giancarlo Cremonesi, has appointed Giovanni Barberis as Chief Financial Officer.
2009-07-29T10:33:03.3270000+02:00
Rome, 28 May 2009 – Today’s meeting of the Board of Directors of Acea SpA, chaired by Giancarlo Cremonesi, has appointed Giovanni Barberis as Chief Financial Officer.
Giovanni Barberis, 49, holds a degree in Economics and Commerce from “La Sapienza” University in Rome. He was previously CFO at the Hera Group, Cremonini and Eridania and General Manager for the Armani Group, in addition to being CEO and Deputy Chairman of the Arena-Roncadin Group between 2003 and 2005.
During the same meeting, the Board also discussed Mediobanca’s report, authorising the advisor itself to carry out a further examination of the related issues. Acea will immediately make a further announcement once this process has been completed.
http://www.acea.it/document.aspx/en/acea_spa_s_board_of_directors_appoints_giovanni_barberis_as_chief_financial_officer/2009?lang=en
Wed, 29 Jul 2009 08:33:03 GMT
24ba006c2a1d4d749be1659dee2e214e
Rome, 15 December 2009 – Today’s meeting of Acea SpA’s Board of Directors, chaired by Giancarlo Cremonesi, has, among other matters, examined the state of progress in the ongoing negotiations between Acea and its partner, GdF Suez,
2009-12-21T11:01:03.5430000+01:00
Rome, 15 December 2009 – Today’s meeting of Acea SpA’s Board of Directors, chaired by Giancarlo Cremonesi, has, among other matters, examined the state of progress in the ongoing negotiations between Acea and its partner, GdF Suez, regarding the reorganisation of their Italian operations. Acea will immediately issue a detailed market announcement once any agreement has been reached.
http://www.acea.it/document.aspx/en/press_release/2009?lang=en
Mon, 21 Dec 2009 10:01:03 GMT
9444611490e846698c9008f81c23b9ca
2009-07-29T10:34:41.3270000+02:00
Acea Group results: Consolidated revenue: 783.1 million euros (758.1 million euros in Q1 2008) EBITDA: 126.4 million euros (139.1 million euros in Q1 2008) EBIT: 63.6 million euros (80.7 million euros in Q1 2008) Group net profit: 32.7 million euros (34.8 million euros in Q1 2008) Rome, 14 May 2009 – Today’s meeting of the Board of Directors of ACEA SpA, chaired by Giancarlo Cremonesi, has approved the quarterly report for the three months ended 31 March 2009 (Q1 2009). During the same meeting, Pierre Clavel was also co-opted on to the Board to replace the resigning Jacques Hugè.
Despite the global economic crisis, Acea has achieved a positive performance. After adjusting for non-recurring items, the Group’s EBITDA is, in fact, substantially in line with the figure for Q1 2008. The results for Q1 2009 reflect the positive contribution from the Group’s regulated businesses (electricity distribution and water services), offset by the negative performance recorded by its unregulated businesses, essentially due to the current economic crisis.
The figures also reflect the following non-recurring items: - the charge incurred in Q1 2009 as a result of former CEO, Andrea Mangoni and the two managers, Roberta Neri and Massimiliano Salvi, leaving the Group (6.7 million euros);
- the recognition of extraordinary income in the quarterly report for Q1 2008 (4.1 million euros generated by return of the fine imposed by the Antitrust Authority and 1.1 million euros by termination of the management contract with Aguazul Bogotà). http://www.acea.it/document.aspx/en/acea_spa_s_board_of_directors_-_approves_quarterly_report_for_3_months_ended_31_marc_2009_-_co-opts_pierre_clavel_as_director/2009?lang=en
Wed, 29 Jul 2009 08:34:41 GMT
d1e1d26ddb904b9b848688ccc3087596
A meeting of Acea SpA’s Board of Directors, chaired by Giancarlo Cremonesi, has today co-opted Luigi Pelaggi and Andrea Péruzy on to the Board, as replacements for the resigning Dino Piero Giarda and Geminello Alvi.
2009-07-29T10:36:26.0630000+02:00
http://www.acea.it/document.aspx/en/acea_spa_luigi_pelaggi_and_andrea_peruzy_co-opted_on_to_board_of_directors/2009?lang=en
Wed, 29 Jul 2009 08:36:26 GMT
458f3eb326494d3ba56adb8ed3a98062
The Extraordinary General Meeting (EGM) of Acea’s shareholders approved amendments to articles 15 (Section IV Management) and 22 (Section V Board of Statutory Auditors) of the Articles of Association. The Ordinary General Meeting (OGM):
2009-07-29T11:01:27.8900000+02:00
- approved the Acea Group’s separate and consolidated financial statements for the year ended 31 December 2008, the appropriation of net profit for the year and payment of a dividend of 0.657 euros per share;
- elected Marco Staderini as Director of Acea SpA;
- voted against withdrawal, pursuant to articles 2393, 2393 bis and 2395 of the Italian Civil Code, of the action for liability against the Director, Andrea Mangoni, who has resigned.
http://www.acea.it/document.aspx/en/agm_approves_2008_financial_statements/2009?lang=en
Wed, 29 Jul 2009 09:01:27 GMT
40fa940d958a47a0845fb39d6050cd6f
Today’s meeting of the Board of Directors of Acea SpA, chaired by Giancarlo Cremonesi, has approved amendments to the Articles of Association to bring them into line
2009-07-29T10:39:20.7200000+02:00
Rome, 31 March 2009 – Today’s meeting of the Board of Directors of Acea SpA, chaired by Giancarlo Cremonesi, has approved amendments to the Articles of Association to bring them into line with the provisions of art. 13 of Law 34 of 25 February 2008, which will have to be approved by the EGM called for 29 April 2009. The amendment involves changes to articles 15 and 22 of the Articles of Association, which regard the method of electing the members of the Board of Directors and Board of Statutory Auditors to be nominated by the Comune di Roma. All other articles remain unchanged.
http://www.acea.it/document.aspx/en/acea_amendment_to_articles_of_association_in_line_with_art_13_of_law_34_of_25_february_2008/2009?lang=en
Wed, 29 Jul 2009 08:39:20 GMT
4b28a44156174f25b3e1f36561b9b82e
2009-07-29T11:10:56.2670000+02:00
Acea Group results for 2008: Consolidated revenue: 3,144.0 million euros (up 21.7%) EBITDA: 623.5 million euros (up 19.2%) EBIT: 385.0 million euros (up 31.2%) Group net profit: 186.3 million euros (up 13.6%) Dividend of 0.657 euros per share to be proposed to Annual General Meeting called for 29 April 2009
Rome, 27 March 2009 – Today’s meeting of the Board of Directors of ACEA SpA, chaired by Giancarlo Cremonesi, has approved the separate and consolidated financial statements for the year ended 31 December 2008. During the same meeting, the Board of Directors elected Marco Staderini to serve as Chief Executive Officer of Acea SpA. The Board has called the Annual General Meeting (AGM) for 29 April 2009. The AGM will meet in ordinary session to approve the financial statements, pursuant to art. 2364 of the Italian Civil Code (paragraphs 1.1 and 1.2), and in extraordinary session to amend the Articles of Association (articles 15 and 22) in line with changes to art. 2449 of the Italian Civil Code.
The results for 2008, which are in line with previous guidance, reflect growth across all areas of business, achieved through ongoing improvements in operating efficiency.
The above results offer proof of Acea’s ability to strengthen its position in the energy and water markets.
The Company is drawing up new strategies and plans for the future at a time of great uncertainty, leveraging the Group’s ability to operate in a changed business environment. 2 The results were influenced by changes in the method of consolidating Tirreno Power and Umbra Acque. On a like-for-like basis, EBITDA for the year ended 31 December 2008 is up by approximately 9% on the previous year.
http://www.acea.it/document.aspx/en/acea_spa_s_board_of_directors_approves_separate_and_consolidated_financial_statements_for_2008_elects_marco_staderini_chief_executive_officer/2009?lang=en
Wed, 29 Jul 2009 09:10:56 GMT
e54d9ae9c5fa40bea95e0b60e61daea0
Acea’s CEO, Andrea Mangoni, and the Company’s CFO, Roberta Neri, have given notice of their intention to sell shares in Acea resulting from the grant of stock options over the years.
2009-07-29T11:19:28.4070000+02:00
Rome, 3 March 2009 – Acea’s CEO, Andrea Mangoni, and the Company’s CFO, Roberta Neri, have given notice of their intention to sell shares in Acea resulting from the grant of stock options over the years. The number of shares involved amounts to 4,500 and 1,800, respectively.
http://www.acea.it/document.aspx/en/ceo_andrea_mangoni_and_cfo_roberta_neri_sell_shares_in_acea/2009?lang=en
Wed, 29 Jul 2009 09:19:28 GMT
0b63f0fd616b4b7bbb0e5c51a7e3baf7
During today’s meeting of the Board of Directors of Acea SpA, chaired by Giancarlo Cremonesi, the Company’s CEO, Andrea Mangoni, believing
2009-07-29T11:21:15.7330000+02:00
Rome, 3 March 2009 – During today’s meeting of the Board of Directors of Acea SpA, chaired by Giancarlo Cremonesi, the Company’s CEO, Andrea Mangoni, believing that he has lost the confidence of the majority shareholder, offered his resignation with effect from 31 March of this year. The Board accepted his resignation. The financial statements for the year ended 31 December 2008 will be approved by the Board at its meeting scheduled for 27 March.
During the meeting the Board also acknowledged the resignations of Roberta Neri, the Company’s CFO and the Executive Responsible for Financial Reporting, and Massimiliano Salvi, Head of the Energy Networks division, both with effect from 31 March 2009.
http://www.acea.it/document.aspx/en/ceo_andrea_mangoni_resigns_with_effect_from_31_march_2009/2009?lang=en
Wed, 29 Jul 2009 09:21:15 GMT
c6fd5d47f39346e28518531beacb3346
In response to reports appearing in certain press publications in recent days, regarding the resignation of the CEO,
2009-07-29T11:23:07.0000000+02:00
Rome, 2 March 2009 – In response to reports appearing in certain press publications in recent days, regarding the resignation of the CEO, Andrea Mangoni, and with the aim of limiting the circulation of unverified information that may, however, influence investor opinion relating to the Company’s potential strategies, Acea SpA announces that no such resignation has been received at this time and that there is, therefore, no truth in the above reports.
In accordance with the applicable regulations and its own investor relations policy, the Company will immediately inform investors and the Authorities of any significant developments that might take place.
http://www.acea.it/document.aspx/en/press_reports_untrue_no_letter_of_resignation_from_ceo/2009?lang=en
Wed, 29 Jul 2009 09:23:07 GMT