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Saras — Investor Relations & Filings

Ticker · SRS ISIN · IT0000433307 LEI · 5299005KJSU2AQUJUH84 XMIL Manufacturing
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Filings indexed 537 across all filing types
Latest filing 2024-09-11 Delisting Announcement
Country IT Italy
Listing XMIL SRS

About Saras

https://www.saras.it/en

Saras is an energy company primarily focused on oil refining, power generation, and the marketing of petroleum products. As one of Europe's leading independent operators in the refining sector, its main asset is the Sarroch refinery in Sardinia, one of the largest in the Mediterranean. The company's Power Generation segment includes an Integrated Gasification Combined Cycle (IGCC) plant and wind farms, reflecting its activities in both conventional and renewable energy. The Marketing division handles the sale and distribution of its refined products.

Recent filings

Filing Released Lang Actions
PRESS RELEASE ISSUED BY SARAS S.P.A. ON BEHALF OF VARAS S.P.A - Settlement Joint Procedure and delisting
Delisting Announcement Classification · 1% confidence The document is a press release announcing the completion of a mandatory tender offer (MTO) for the ordinary shares of Saras S.p.A. by Varas S.p.A. Crucially, it explicitly states the 'DELISTING OF THE SHARES OF SARAS S.P.A. AS OF TODAY'S DATE' and references the regulatory order for delisting from Borsa Italiana. This directly corresponds to the definition of a Delisting Announcement (DLST). Although it discusses a tender offer (which might suggest TAR - M&A Activity), the primary, final action being announced and confirmed is the removal of the shares from the exchange.
2024-09-11 English
COMUNICATO STAMPA DIFFUSO DA SARAS S.P.A. PER CONTO DI VARAS S.P.A - Regolamento procedura congiunta e delisting
Delisting Announcement Classification · 1% confidence The document is a press release (COMUNICATO STAMPA) from VARAS S.P.A. regarding an Obligatory Public Purchase Offer (OFFERTA PUBBLICA DI ACQUISTO OBBLIGATORIA) for the shares of SARAS S.P.A. The key action announced is the commencement of the joint procedure for exercising the right of purchase and fulfilling the obligation to purchase under Italian TUF articles (Art. 111 and Art. 108, comma 1), which directly leads to the DELISTING of Saras shares. This announcement concerns a major corporate action involving the acquisition of shares and subsequent delisting. While it relates to capital structure changes (CAP) or potential takeovers (TAR), the most specific and immediate consequence described is the delisting of the shares from the exchange (Borsa Italiana). Therefore, the Delisting Announcement (DLST) code is the most appropriate classification.
2024-09-11 Italian
PRESS RELEASE ISSUED BY SARAS S.P.A. ON BEHALF OF VARAS S.P.A. - Press release final results of the Reopening of the Terms
Delisting Announcement Classification · 1% confidence The document is a press release announcing the 'FINAL RESULTS OF THE REOPENING OF THE TERMS' of a 'MANDATORY TENDER OFFER' for the ordinary shares of Saras S.p.A., launched by Varas S.p.A. It details the percentage of shares tendered, the resulting ownership percentage (reaching 95.285%), the payment date, and crucially, the intention to exercise the 'Purchase Right' leading to the 'delisting of Saras's shares'. This content directly relates to a takeover bid, merger proposal, or significant change in share control/ownership structure, which aligns best with the 'M&A Activity' category (TAR). While it involves share transactions and delisting, the core context is the finalization of a tender offer, which is a key component of M&A activity. It is not a general regulatory filing (RNS) because it is highly specific to a takeover process.
2024-09-03 English
COMUNICATO STAMPA DIFFUSO DA SARAS S.P.A. PER CONTO DI VARAS S.P.A.- Comunicato stampa risultati definitivi della Riapertura dei Termini
Regulatory Filings Classification · 1% confidence The document is a press release ("COMUNICATO STAMPA") from VARAS S.P.A. regarding the definitive results of a mandatory tender offer ("OFFERTA PUBBLICA DI ACQUISTO OBBLIGATORIA TOTALITARIA") for the ordinary shares of SARAS S.P.A. It details the results of the reopening period, the resulting shareholding percentage (95.285%), the payment date, and the subsequent exercise of the right to purchase residual shares (Diritto di Acquisto ex art. 111 TUF) leading to the delisting of the shares. This content relates directly to a takeover bid or merger/acquisition activity, specifically the final stages of a mandatory tender offer process. Based on the definitions, the most appropriate category is 'M&A Activity' (Code: TAR), which covers 'Announcements and documents related to merger proposals or takeover bids.' Although it is a final result announcement, the core subject is the takeover bid process.
2024-09-03 Italian
PRESS RELEASE ISSUED BY SARAS S.P.A. ON BEHALF OF VARAS S.P.A. - END OF THE REOPENING OF THE TERMS PROVISIONAL RESULTS
Major Shareholding Notification Classification · 1% confidence The document is a press release announcing the provisional results of a mandatory tender offer (MTO) for the ordinary shares of Saras S.p.A. The text explicitly discusses the reopening of the terms of the offer, the number of shares tendered, the resulting shareholding percentage (crossing 95%), and the subsequent intention to exercise the Purchase Right (squeeze-out) and initiate Delisting. This content directly relates to corporate actions involving share capital changes, takeover bids, and significant ownership shifts. The most fitting category among the provided definitions is 'M&A Activity' (TAR), as a tender offer is a core component of M&A transactions, even if it is a mandatory follow-up to a previous acquisition. While 'SHA' (Share Issue/Capital Change) is related, 'TAR' (Takeover/Merger Activity) is more precise for a tender offer process.
2024-08-30 English
COMUNICATO STAMPA DIFFUSO DA SARAS S.P.A. PER CONTO DI VARAS S.P.A. - CONCLUSIONE DEL PERIODO DI RIAPERTURA DEI TERMINI RISULTATI PROVVISORI
M&A Activity Classification · 1% confidence The document is a press release ("COMUNICATO STAMPA") detailing the provisional results of a Mandatory Tender Offer ("OFFERTA PUBBLICA DI ACQUISTO OBBLIGATORIA TOTALITARIA") for the shares of Saras S.p.A., promoted by Varas S.p.A. It specifically announces the conclusion of the reopening period and confirms that the offeror has surpassed the 95% ownership threshold, triggering the right to acquire remaining shares and subsequent delisting procedures. This content relates directly to a takeover bid or merger activity, which aligns with the definition of M&A Activity (TAR). It is not a general regulatory filing (RNS) because it concerns a specific, defined corporate transaction (Takeover/Acquisition).
2024-08-30 Italian

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