Snam — AGM Information 2016

Aug 1, 2016

Informazione Regolamentata n. 0542-74-2016		Data/Ora Ricezione 01 Agosto 2016 15:05:02	MTA
Societa'	:	SNAM
Identificativo Informazione Regolamentata	:	77716
Nome utilizzatore	:	SNAM01 - Porro
Tipologia	:	AVVI 16
Data/Ora Ricezione	:	01 Agosto 2016 15:05:02
Data/Ora Inizio Diffusione presunta	:	01 Agosto 2016 15:20:03
Oggetto	:	Shareholders' meeting resolutions
Testo del comunicato

We send you the Shareholders' meeting resolutions concerning Shareholders' meeting held on 1st August 2016 that will be published tomorrow 2nd August 2016 on the "Financial Times"

Snam S.p.A. Head Office: Piazza Santa Barbara 7, San Donato Milanese (MI) Company share capital Euro 3,696,851,994.00, fully paid-up Milan Companies Register Tax Identification Number - VAT Number 13271390158 R.E.A. Milan 1633443

SHAREHOLDERS' MEETING RESOLUTIONS

The Extraordinary and Ordinary Shareholders' Meeting of Snam S.p.A. held on 1st August, 2016 approved:

• the demerger plan of partial and proportional demerger of Snam to ITG Holding S.p.A. at the same terms and conditions referred to in the demerger plan;
• to reduce Snam share capital by € 961,181,518.44, without withdrawing shares, and modify Article 5 of the bylaws of Snam, with effect from the effective date of the demerger. Therefore Snam share capital will amount to Euro 2,735,670,475.56;
• pursuant to Articles 2357 and 2357-ter of the Italian Civil Code, as well as to Article 132 of Legislative Decree No 58/1998, to authorize purchases of treasury shares for an amount up to Euro 500 million and up to the maximum limit of 3.5% of the share capital subscribed and paid up, having regard to the treasury shares already held by the Company, as a result of the partial and proportional demerger of the Company, to be carried out, even in several stages, within 18 (eighteen) months from the effective date of the partial and proportional demerger for the Company.

The minutes of the Shareholders' Meeting will be made available by 31 August 2016 at Snam's registered office in San Donato Milanese, Piazza Santa Barbara 7, on the Company's website (www.snam.it, "Governance and Conduct - Shareholders' Meeting" section), and on the website of Borsa Italiana S.p.A. (www.borsaitaliana.it) and at the authorised storage system "NIS-STORAGE" managed by Bit Market Service S.p.A. (). These documents are also available from the website www.snam.it and can be requested by e-mailing segreteriasocietaria@snam.it