Skip to main content
Saras logo

Saras — Investor Relations & Filings

Ticker · SRS ISIN · IT0000433307 LEI · 5299005KJSU2AQUJUH84 XMIL Manufacturing
Open in API
Filings indexed 537 across all filing types
Latest filing 2020-04-17 AGM 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
Relazione CdA sulle materie all'ordine del giorno ai sensi del' Art. 125-ter TUF (aggiornata al 17 aprile 2020)
AGM Information Classification · 1% confidence The document is titled "RELAZIONE DEL CONSIGLIO DI AMMINISTRAZIONE SULLE MATERIE ALL'ORDINE DEL GIORNO AI SENSI DELL'ARTICOLO 125-ter DEL DECRETO LEGISLATIVO 24 FEBBRAIO 1998, N. 58" (Board of Directors' Report on the Agenda Items pursuant to Article 125-ter of Legislative Decree No. 58 of February 24, 1998). This document explicitly details the items to be discussed and voted upon at an upcoming Shareholders' Meeting (Assemblea), including the approval of the 2019 Financial Statements (Item 1) and the Remuneration Policy (Item 2). It also discusses the replacement of a resigning member of the Board of Statutory Auditors (Collegio Sindacale) (Item 3). Crucially, it mentions that the full reports (financial statements, remuneration report) are made available to the public, and this document serves as the preparatory report for the meeting where these items will be decided or discussed. This structure strongly indicates materials prepared for a shareholder meeting, specifically relating to voting and governance matters, which aligns best with the Proxy Solicitation & Information Statement (PSI) category, as it solicits shareholder action/information ahead of the meeting. While it touches upon remuneration (DEF 14A) and governance (CGR), its primary function here is to provide the necessary information and proposals for the upcoming General Meeting.
2020-04-17 Italian
Revoca e nuova convocazione assemblea
AGM Information Classification · 1% confidence The document is an official notice from Saras S.p.A. titled 'AVVISO DI CONVOCAZIONE DI ASSEMBLEA ORDINARIA' (Notice of Call for Ordinary Shareholders' Meeting). It details the date (May 22, 2020), the agenda (including approval of the 2019 financial statements, remuneration policy, and integration of the Board of Statutory Auditors), and procedures for shareholder participation, voting, and submitting questions/proposals. This content is characteristic of materials used to solicit shareholder votes and provide necessary information ahead of a general meeting. The agenda items (financial statements approval, remuneration policy vote) strongly align with the purpose of a Proxy Statement or related meeting materials. Since it explicitly calls for a meeting and details voting procedures, the most appropriate classification is 'Proxy Solicitation & Information Statement' (PSI). It is not the full Annual Report (10-K) or the actual voting results (DVA), but the notice calling for the vote.
2020-04-17 Italian
Press Release
Notice of Dividend Amount Classification · 1% confidence The document is explicitly titled 'Press Release' and announces several key decisions made by the Board of Directors of Saras SpA, including the revocation of the proposed dividend distribution and the authorization for treasury share purchase/disposal, as well as the rescheduling of the Shareholders' meeting. It also details the agenda for the upcoming Ordinary Shareholders' Meeting, which includes the approval of the 2019 financial statements and remuneration reports. The content is a formal announcement of corporate actions and meeting logistics, rather than the full financial report (10-K or IR) or a transcript (CT). Since it deals with the upcoming shareholder meeting agenda, dividend proposals (revoked), and remuneration policy votes, it strongly relates to the materials presented to shareholders for voting. The closest fit among the specific codes is 'DEF 14A' (Remuneration Information) or 'AGM-R' (AGM Information), but the primary function here is announcing the rescheduling of the meeting and the key items to be voted on, which are central to the Proxy Statement (PSI). However, the document also explicitly mentions the agenda items related to remuneration policy (Article 123-ter), which aligns with DEF 14A. Given the context of revoking dividend proposals and rescheduling the meeting, it is a broad corporate governance announcement. Since it covers the agenda for the meeting, including financial statements approval and remuneration policy votes, it is a comprehensive update related to the AGM process. The mention of remuneration policy votes (Item 2) strongly suggests DEF 14A, but the overall context is the meeting itself. Since it is a press release announcing the meeting and its agenda, it is a general corporate announcement. Given the specific mention of remuneration policy votes (DEF 14A) and the rescheduling of the AGM (AGM-R), I will prioritize the most specific action related to shareholder voting materials, which is often covered by the Proxy Statement (PSI) or the Remuneration Report (DEF 14A). Since the document is a press release announcing the meeting and its agenda, and it is not the final proxy material itself, 'RPA' (Report Publication Announcement) is a possibility, but the content is too substantive. The decision to revoke dividend proposals and reschedule the meeting is a major corporate governance event. Because it details the agenda items, including remuneration votes (DEF 14A) and financial statement approval (IR/10-K related), and the meeting itself (AGM-R), I will classify it as a general governance/meeting announcement. Given the strong focus on the upcoming Shareholders' Meeting agenda items (including remuneration), AGM-R is the most appropriate high-level category for this announcement regarding the meeting's status and agenda.
2020-04-17 English
Comunicato Stampa
AGM Information Classification · 1% confidence The document is titled "Comunicato Stampa" (Press Release) and announces several key decisions made by the Board of Directors of Saras S.p.A. on April 17, 2020. The primary actions are: 1) Revoking the proposed dividend distribution and share buyback plan due to COVID-19 uncertainty. 2) Revoking the previous AGM date and calling a new one for May 22, 2020. The agenda for the new meeting includes the approval of the 2019 Financial Statements (Bilancio d'esercizio al 31 dicembre 2019), which is a core component of an Annual Report (10-K) or Interim Report (IR), and also includes remuneration policy votes (DEF 14A elements). Since this is a press release announcing significant corporate actions, including the rescheduling of the shareholder meeting and changes to dividend/buyback proposals, it functions as a general corporate announcement. Given the content covers financial results context (2019 statements), dividend proposals, and AGM rescheduling, it is a broad corporate update. It is not the full 10-K, nor is it solely an Earnings Release (ER) as it deals with governance/meeting logistics. It is most closely aligned with a general corporate announcement or a specific update related to capital/financing (revoking buyback/dividend) or governance (AGM rescheduling). However, the core function here is announcing major board decisions and the rescheduling of the shareholder meeting, which often accompanies proxy materials or is a standalone announcement. Since it explicitly mentions the revocation of dividend/buyback proposals and the rescheduling of the Assembly, it touches upon Capital/Financing (CAP) and AGM/Proxy (AGM-R/PSI). Because it is a press release announcing the *revocation* of dividend/buyback proposals and the *new* AGM date, it is a significant corporate action announcement. Given the context of rescheduling the AGM and discussing dividend proposals, it is a strong candidate for a general corporate announcement or a specific financing/dividend related update. Since it is a press release announcing the rescheduling of the AGM and the withdrawal of dividend/buyback proposals, it fits best as a general corporate announcement or a financing update. Given the focus on the dividend and buyback revocation, 'CAP' (Capital/Financing Update) is plausible, but the rescheduling of the AGM is also central. Since it is a press release announcing major corporate governance and financial policy changes, and not the final proxy or the full financial report, 'RPA' (Report Publication Announcement) is a possibility if it were just announcing a report, but here it announces decisions. 'RPA' is often used when the document itself is just a cover note. This document contains substantive decisions. I will classify it as a general corporate announcement that deals with capital structure changes (dividend/buyback revocation), leaning towards 'CAP' or 'RNS'. Given the Italian context and the nature of the announcement (Board decisions on dividends and AGM), it is a significant corporate event announcement. I will select 'CAP' as the revocation of dividend and buyback plans is a direct capital structure decision, or 'RNS' as a catch-all for significant, non-standard filings. Given the specific nature of revoking dividend/buyback, 'CAP' is more precise than the generic 'RNS'. However, the rescheduling of the AGM is also a key feature. Since it is a press release detailing board decisions on dividends and AGM dates, it is a broad corporate announcement. I will use RNS as the most appropriate general regulatory announcement for significant, non-standard corporate actions that don't fit perfectly into ER, IR, or 10-K.
2020-04-17 Italian
Proposta candidatura per integrazione Collegio Sindacale_M.Moratti Sapa_Angel Capital Manag. SpA_Stella Holding SpA
Governance Information Classification · 1% confidence The document is titled "PROPOSTA DI CANDIDATURA PER L'INTEGRAZIONE DEL COLLEGIO SINDACALE DI SARAS S.P.A" (Proposal for Candidacy for the Integration of the Board of Statutory Auditors of SARAS S.P.A.). It details a proposal submitted by major shareholders regarding the appointment of a new member to the Collegio Sindacale (Statutory Auditors) for an upcoming Shareholders' Meeting (Assemblea ordinaria). This action—proposing candidates for oversight bodies—is directly related to corporate governance and shareholder rights concerning board composition. While it relates to the AGM, the core content is the nomination/governance aspect rather than the meeting materials themselves (AGM-R) or proxy solicitation (PSI). It most closely aligns with Governance Information (CGR) as it concerns the structure and composition of the company's oversight body, or potentially a specific type of shareholder proposal related to governance. Given the options, 'Governance Information' (CGR) is the best fit for documents detailing the structure, rules, and composition of the board/auditors, even if presented as a proposal for an upcoming meeting. The second part of the document appears to be a regulatory filing snippet (Comunicazione ex artt. 43-45 del Provvedimento Unico sul Post-Trading) related to shareholdings/voting rights, but the primary purpose of the document is the nomination proposal.
2020-04-07 Italian
Proposta di candidatura per integrazione del Collegio Sindacale – Proposal of Candidacy for integration of the Board of Statutory Auditors
Board/Management Information Classification · 1% confidence The document is a press release announcing a proposal for the integration/nomination of a member to the Board of Statutory Auditors (Collegio Sindacale) ahead of an upcoming Shareholders' Meeting (Assemblea). This relates directly to the governance structure and the process of appointing board members or auditors. While it concerns the AGM agenda, the core subject is the nomination/candidacy proposal for a director/auditor role, which falls under Board/Management Information (MANG) or potentially Governance Information (CGR). Since it specifically details a candidacy proposal for the Board of Statutory Auditors, it is most closely aligned with management/board changes or governance structure updates. Given the options, MANG covers changes in the board of directors/senior management, and this is a proposal for an auditor role which is a key governance position. However, the document is primarily about the process leading up to a shareholder vote on board composition, which is often covered by Governance Information (CGR) or related to the AGM process (AGM-R). Since it is a specific announcement about a candidate for a statutory auditor position, and not the final voting result (DVA) or the full AGM materials (AGM-R), it best fits the scope of Board/Management Information (MANG) as it pertains to the composition of the oversight body, or CGR. Given the focus on the composition of the oversight body (Collegio Sindacale), CGR (Governance Information) is a strong fit, but MANG (Board/Management Information) is also plausible for changes in oversight roles. Let's re-evaluate based on the definitions. MANG is 'Announcement of changes in the company's board of directors or senior management.' An auditor nomination proposal is a change to the oversight management structure. CGR is 'Report detailing the company's internal rules, board structure, and governance practices.' This announcement is an event *within* the governance structure process. Since it is an announcement of a specific candidate proposal for an oversight role, MANG seems slightly more appropriate than the general report on structure (CGR). However, if we consider the context of the shareholder meeting agenda item, it is highly related to the AGM process. Given the content is a specific proposal for an auditor nomination, and not the final voting results, MANG is the most fitting category for an announcement concerning the composition of the governing/oversight body.
2020-04-07 Italian

Report missing filing

Can't find a specific document? Let us know and we'll add it within 24 hours.

We will notify you once the filing is added.
Report sent
Thank you. We will check the data and update it shortly.