The Board of Directors appoints
San Donato Milanese,
The AGM approved the 2020 Financial Statements of
The Shareholders' meeting set the number of Board Directors at nine and appointed the new Board of Directors for the years 2021, 2022 and 2023, which shall expire on the date of the Shareholders' Meeting convened to approve the Financial Statements at
The new Board comprises:
Roberto Diacetti
Roberto Diacetti,
When they were presented as candidates,
The Shareholders' meeting appointed
The curriculum vitae of newly-appointed Directors are posted at www.saipem.com (under the section 'Governance - Shareholders' Meeting').
At the joint proposal of the Shareholders Eni S.p.A. and CDP Industria S.p.A., the Shareholders' Meeting set the gross annual remuneration of each Board Director at
The Annual General Meeting also approved the Report on
Authorization to buy back and award treasury shares to cover the Incentive Plans
The Annual General Meeting authorized the following treasury buy-backs: up to a maximum of 3,500,000 ordinary shares and, at any rate, not exceeding the maximum sum of
Authorizations for the buy-back of treasury shares are requested for a period of 18 months from the date of the resolution of the Shareholders' Meeting.
Buy-backs may be achieved gradually as deemed appropriate through purchase on the market at a unit price not lower than the minimum and not higher than the maximum official price registered on the day of stock market trading preceding each individual buy-back transaction, decreased or increased respectively by 5% and, at any rate, at a price that is no higher than the highest price between that of the latest independent transaction and that of the highest current independent offer of purchase during the same trading session, pursuant to Article 3 of Regulation (EU) 2016/1052.
The buy-back transactions shall be executed so as to ensure the equal treatment of shareholders, in compliance with Article 144-bis of Consob Issuers' Regulations.
The buy-back transactions shall be executed in accordance with the terms established under current legislation and accepted market practices, as well as the conditions indicated in Regulation (EU) 596/2014 (Market Abuse Regulation - MAR).
The treasury share buy-back programme shall be carried out in compliance with safe harbour requirements, pursuant to EU Regulation no. 596/2014 (Market Abuse Regulation MAR), i.e. the buy-back of shares will take place through the granting of a specific mandate to an authorized intermediary, who will carry out the purchases in complete independence and without any influence whatsoever from
The Company currently holds 17,420,217 treasury shares, equal to 1.72% of ordinary shares destined to cover the incentive plans approved in previous years.
The documentation relating to the General Annual Meeting will be made available to the public under the terms of the law.
The Board of Directors of
The Board of Directors also confirmed the powers that had been granted to the CEO and the Chairman during the previous Board mandate, which ended at today's Board Meeting, adding to the Chairman's responsibilities those provided under the new Corporate Governance Code.
Based on the declarations made by the Directors and information at the Company's disposal, the Board of Directors ascertained that all Directors meet the requirement of good repute and that no causes of ineligibility or incompatibility exist, in compliance with current regulations.
Furthermore, the Board of Directors carried out an evaluation to ascertain that the Directors meet the independent requirements as provided by law and the Corporate Governance Code. This evaluation ascertained that Roberto Diacetti,
The Board of Directors is therefore comprised of a majority of independent Directors and of all non-executive Directors, except for the Chief Executive Officer and General Manager.
Based on the statements made by the Directors, none of them hold
Contact:
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Email: media.relations@saipem.com
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