Company Articles

Articles of associations

Ethic code

Internal dealing
The Board adopted, in May 2006, an “Internal Dealing Code” implementing the provisions set forth in art. 114.7 of the TUF and in art. 152-sexies et seq of the Issuers’ Regulations, aimed at ensuring the correct and adequate disclosure to the market of transactions effected by the Company’s personnel on the Company’s securities. The Internal Dealing Code sets forth specific rules of conduct and communication with reference to transactions on financial instruments issued by Saras carried out by relevant persons (including the Company’s directors and statutory auditors, individuals with management functions and any manager with regular access to confidential information and having decision-making powers on management issues which could affect the development and future prospects of the Company, and each shareholder holding directly or indirectly at least 10% of Saras’ share capital) or by individuals closely connected to these significant persons. In line with best practice, the Internal Dealing Code contains provisions aimed at prohibiting the relevant persons, and individuals closely connected to them, from effecting transactions on the Company’s securities in specific periods. Filing model for discolsure of transactions

Internal Dealing (95 Kb PDF)

Code of conduct for Group directors
It is primarily intended to provide directors with consistent criteria of conduct to enable them to perform their duties within a predefined framework, in compliance with the laws governing directors’ interests and with corporate governance principles and, where possible, in line with the interests of the Saras Group

Code of Conduct for Group Directors (60 Kb PDF)

Procedures on related parties' transactions

Procedures on related parties transaction (60 Kb PDF)

Last Update: 28/04/2011