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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 2022-04-02 Governance Information
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
Patto parasociale Angel Capital Management S.p.A. e Stella Holding S.p.A.
Governance Information Classification · 1% confidence The document is a formal notification published in Italian, referencing Italian financial regulations (TUF and Regolamento Emittenti) regarding a shareholders' agreement ('patto parasociale') concerning shares in Saras S.p.A. The content details the parties involved (ACM and Stella Holding), the subject matter (governance rights, board nominations), and the effective dates. This type of disclosure, which concerns agreements among major shareholders that affect control or voting rights, is typically classified as a Major Shareholding Notification or a specific type of regulatory disclosure related to ownership structure changes or agreements. Since the document explicitly details the terms of a shareholders' agreement that governs the exercise of voting rights and board nominations, it falls under the scope of significant ownership/control information. While it is a specific regulatory disclosure, it is not a standard 10-K, ER, or IR. It is most closely related to changes in significant share ownership or control arrangements. Given the options, 'Major Shareholding Notification' (MRQ) is the most appropriate fit for disclosures concerning agreements that aggregate or define the exercise of significant voting blocks, even if the primary focus is the agreement itself rather than just crossing a threshold. However, since the core subject is the agreement itself (Patto Parasociale) governing voting rights and board appointments among significant shareholders, and it is a mandatory disclosure under Italian law (Art. 122 TUF), it represents a significant event related to ownership structure. If a more specific code for 'Shareholders' Agreement Disclosure' existed, it would be preferred. In the absence of that, MRQ (Major Shareholding Notification) covers significant changes in ownership influence, or RNS (Regulatory Filings) as a general catch-all. Given the detailed nature about ownership percentages (20.01%) and control arrangements, MRQ is a strong candidate, but since it is a disclosure of an agreement rather than just a notification of crossing a threshold, RNS might be safer if MRQ is strictly for threshold breaches. Reviewing the definitions, MRQ is for 'Notification of changes in significant share ownership levels (crossing thresholds)'. This document discloses an agreement that *governs* those holdings. Since it is a mandatory regulatory filing detailing control/voting arrangements, and it doesn't fit perfectly into other categories like DIV, CAP, or DIRS, RNS (Regulatory Filings - general fallback) is the most robust classification for a specific, non-standard regulatory filing like this, especially since it is a disclosure mandated by specific articles of the TUF/Regolamento Emittenti.
2022-04-02 Italian
New block shareholders’ agreement Massimo Moratti S.a.p.A., Angel Capital Management S.p.A. and Stella Holding S.p.A..
Director's Dealing Classification · 1% confidence The document explicitly references Italian financial regulations ("ARTICLE 122 OF LEGISLATIVE DECREE NO. 58 OF 24 FEBRUARY 1998", "ISSUERS REGULATION", "CONSOB") and details the execution and terms of a new 'block shareholders' agreement' and the termination of a previous one. This type of filing, concerning agreements among major shareholders that restrict the transfer of shares and affect control/governance, is typically classified as a notification related to significant shareholdings or governance agreements. Since the document describes the terms of a shareholders' agreement and its filing requirements, it relates to the structure of ownership and control. While it is not a Director's Dealing (DIRS) or a Major Shareholding Notification (MRQ) in the sense of crossing a threshold, it is a formal disclosure about a binding agreement among shareholders. In the context of the provided definitions, this disclosure about a binding agreement among shareholders regarding their stakes most closely aligns with filings related to ownership structure and governance, but none fit perfectly. However, the content is a formal regulatory disclosure about an agreement affecting share control. Given the options, this is a specific regulatory disclosure about shareholding arrangements. Since it is a formal notification required by law regarding shareholder agreements, and it is not a standard financial report (10-K, IR, ER), nor a proxy/AGM document, it falls under the category of significant regulatory disclosure. If we must choose from the list, and considering that shareholder agreements often impact control and voting rights, it is a specific type of corporate governance/shareholder information. Since it is a formal notification of a shareholders' agreement, it is a regulatory filing. Given the specific nature of shareholder agreements impacting control, and lacking a dedicated 'Shareholders' Agreement' code, this is best categorized as a general Regulatory Filing (RNS) or potentially related to governance (CGR). However, since it is a mandatory disclosure under specific articles (122, 130, 131) concerning shareholding arrangements, and it is not a standard report, RNS is the most appropriate fallback for specific regulatory disclosures not covered elsewhere. If we consider the intent, it is about controlling share blocks. Let's re-evaluate: It details who controls what shares and under what agreement. This is a fundamental aspect of corporate governance and ownership structure. Since it is a formal, required disclosure, RNS is the safest general regulatory classification, but given the focus on shareholder control, it is a specific type of ownership disclosure. I will classify it as RNS as it is a mandatory regulatory publication not fitting the other specific financial/reporting codes.
2022-04-02 English
Nuovo patto parasociale di blocco Massimo Moratti S.a.p.A., Angel Capital Management S.p.A. e Stella Holding S.p.A.
Proxy Solicitation & Information Statement Classification · 1% confidence The document explicitly references Italian financial regulations: 'ART. 122 DEL D.LGS. N. 58 DEL 24 FEBBRAIO 1998' (TUF) and CONSOB regulations ('REGOLAMENTO EMITTENTI'). It details the signing of a 'patto parasociale di blocco' (a blocking shareholders' agreement) between several parties concerning shares in MM S.a.p.A., ACM, and Stella Holding S.p.A. This type of filing, which discloses agreements among major shareholders that affect control or voting rights, is typically classified as a disclosure related to significant shareholdings or governance structure changes, often mandated by securities regulators. Since the document is a formal disclosure of a shareholders' agreement (a type of insider/major shareholder arrangement) required by law (Art. 122 TUF), and it is not a standard financial report (10-K, IR) or a simple dividend/earnings announcement, it fits best under the category related to significant shareholding notifications or regulatory disclosures. Given the options, 'Major Shareholding Notification' (MRQ) covers changes in significant ownership structures, which is the core subject matter of a shareholders' agreement disclosure. Although it is a specific type of regulatory filing, MRQ is the closest fit among the provided codes for disclosing agreements impacting control/ownership.
2022-04-02 Italian
Shareholders' agreement Massimo Moratti S.a.p.A., Angel Capital Management S.p.A. and Stella Holding S.p.A.
Governance Information Classification · 1% confidence The document is a formal notification published pursuant to Italian financial regulations (Article 122 of Legislative Decree No. 58/1998 and CONSOB Issuers Regulation). The content details a new shareholders' agreement ('Saras Agreement') replacing an older one, focusing on the joint exercise of voting rights, appointment of corporate bodies (Board of Directors and Statutory Auditors), and non-transferability clauses concerning shares in Saras S.p.A. This type of agreement, which dictates how significant shareholders manage their holdings and influence corporate governance, is a key component of corporate governance structure and shareholder relations. It is not a standard financial report (10-K, IR, ER), nor is it a simple announcement of a report (RPA). It directly relates to the internal rules, board structure, and governance practices of the company as agreed upon by major shareholders. Therefore, it best fits the Governance Information category (CGR).
2022-04-02 English
Nuovo patto parasociale Massimo Moratti S.a.p.A., Angel Capital Management S.p.A. e Stella Holding S.p.A.
Declaration of Voting Results & Voting Rights Announcements Classification · 1% confidence The document is a formal disclosure made by SARAS S.P.A. concerning a shareholder agreement (Patto Parasociale) among major shareholders (Massimo Moratti S.a.p.A., ACM, and Stella Holding S.p.A.). The text explicitly references Italian regulations: "PUBBLICAZIONE AI SENSI DELL'ART. 122 DEL D.LGS. N. 58 DEL 24 FEBBRAIO 1998, COME SUCCESSIVAMENTE MODIFICATO ED INTEGRATO (IL "TUF")" and "ARTT. 130 E 131 DEL REGOLAMENTO ADOTTATO DALLA CONSOB". These articles mandate the disclosure of agreements that affect the exercise of voting rights or the transfer of shares, which falls under the category of significant shareholder arrangements or corporate governance disclosures. This type of filing, detailing agreements among shareholders regarding board nominations, voting rights, and share transfer restrictions, is most closely aligned with disclosures related to corporate governance and control, but specifically concerns the structure of share ownership and voting power, which often triggers specific regulatory filings. Reviewing the definitions: - 10-K/IR: Not a full annual or interim financial report. - ER/CT: Not an earnings release or call transcript. - DIRS: Not director's personal trades. - DIV/CAP/SHA/POS: Not primarily about dividends, general financing, or share issuance/repurchase. The document details the structure of control and voting rights among major shareholders, which is a key aspect of corporate governance, but the specific nature of disclosing a 'Patto Parasociale' (Shareholders' Agreement) regarding voting and board composition is a specific regulatory disclosure. In many jurisdictions, such agreements are disclosed as part of proxy materials (DEF 14A/PSI) or general corporate governance reports (CGR). However, given the focus on the agreement itself and the explicit reference to TUF/CONSOB disclosure requirements for shareholder pacts, it relates strongly to the structure of control. If this were a US filing, it might be related to proxy materials (DEF 14A/PSI) or a Schedule 13D/G filing (which doesn't have a direct equivalent here). Since it details the rules for nominating directors and exercising votes, it touches upon Governance (CGR) and Proxy/Shareholder Information (PSI). However, the core subject is the agreement governing the relationship between major shareholders concerning control and voting. This is a specific type of corporate action disclosure. Given the options, 'Governance Information' (CGR) covers internal rules and board structure, which is heavily impacted by this pact. 'Proxy Solicitation & Information Statement' (PSI) is for soliciting votes, which this document supports but isn't the solicitation itself. 'Regulatory Filings' (RNS) is the fallback. Considering the detailed breakdown of how board members and voting rights are managed based on shareholding percentages, this is fundamentally a disclosure about the governance structure established by the controlling shareholders. Therefore, CGR is the most appropriate fit among the specific options, as it details the internal rules governing the board and control structure, even if mandated by specific TUF articles. Confidence is high because the content is clearly about shareholder control agreements, which maps well to Governance (CGR).
2022-04-02 Italian
Press Release
Legal Proceedings Report Classification · 1% confidence The document is explicitly titled 'Press Release' and discusses a specific legal matter: the receipt of a notice setting a preliminary hearing date (June 16th, 2022) related to an investigation concerning the purchase of Kurdish crude oil. It reiterates the company's innocence and provides contact information for Investor Relations and Media. This content directly relates to significant legal proceedings involving the company. Based on the definitions, the most appropriate category is 'Legal Proceedings Report' (LTR). It is not an earnings release (ER), an annual report (10-K), or a general regulatory filing (RNS), as it addresses a specific legal event.
2022-03-28 English

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