Other information

Treasury shares

The Company does not hold any treasury shares or shares of Cassa Depositi e Prestiti S.p.A., nor has it acquired or sold any during the year, either directly or indirectly.

 

Personal data protection code (Legislative Decree no. 196 of 30 June 2003)

Within the legally prescribed deadline, Terna S.p.A. updated its 2011 Security Policy Document pursuant to the personal data protection code (Legislative Decree no. 196 of 30 June 2003) and to implement the initiatives required to improve management introduced by the new version.

In addition to the current assets outlined as commitments in the stated Security Policy Document, Terna specifically promoted various initiatives aimed at applying the provision of the privacy guarantor of 8 April 2010 to its scope (in Italian Official Gazette no. 99 of 29 April 2010) on the “Measures concerning the processing of personal data and video surveillance”, which definitively came into force in April 2011.

 

Information on shareholding structure

Information required under Art. 123-bis, “Report on Corporate Governance and ownership structures” of the “Consolidated Law on Financial Intermediation” (Italian Legislative Decree no. 58 of 24 February 1998), is presented in a separate report (Annex - Report on corporate governance and ownership structures), approved by the administrative body and published with this Directors’ Report, which is available on the website of Terna S.p.A. (www.terna.it in the section “Investor Relations/Report on corporate governance and ownership structures”).

 

Certifications in accordance with Article 2.6.2 of the Borsa Italiana Regulation with regard to the conditions pursuant to Articles 36 and 37 of the CONSOB Market Regulation (no. 16191/2007)

With regard to the provisions of Article 36 of the CONSOB Markets Regulation (no. 16191/2007 as subsequently amended), Terna S.p.A. does not hold any majority shares relevant in accordance with the mentioned legislation in companies incorporated and regulated by the laws of non-member countries of the European Union.
With regard to the provisions of Article 37 of said CONSOB Regulation, Terna S.p.A. is subject to the de facto control of Cassa Depositi e Prestiti S.p.A., which - as of 31 December 2011 - holds an equity interest amounting to 29.851% in the share capital, according to that verified by Cassa Depositi e Prestiti and disclosed on 19 April 2007. At present, no management or coordination has been formalised or exercised; Terna S.p.A. goes about its business directly or through its subsidiaries with independent management and trading.