Other information

Treasury shares

The Company does not hold any treasury shares or shares of Cassa Depositi e Prestiti S.p.A., nor has it acquired or sold any during the year, either directly or indirectly. 

Personal data protection code (Legislative Decree no. 196 of 30 June 2003)

The simplifications introduced into the framework laws on data protection (Italian Data Protection Act - Legislative Decree no. 196 of 30 June 2003) for the data subjects entrusting their personal information to Terna, have been evaluated with a view to prompt application. Simultaneously, the adaptations needed to maintain compliance of the new organisational structure were also considered, with a view to continuity, while following-up the initiatives for steady improvement of operations in line with the processes and tools provided for in the information security governance model.

Alongside the current activities to protect the personal information of employees, partners, suppliers and customers in accordance with the latest laws, during the second half of the year Terna also carried out a detailed technical-legal audit in order to identify any areas in which the internal data protection model should be adapted in order to make it appropriate for implementation in all the Group companies.

Information on ownership structures

Information required under Art. 123-bis, "Report on Corporate Governance and ownership structures" of the "Consolidated Law on Financial Intermediation" (Italian Legislative Decree no. 58 of 24 February 1998), is presented in a separate report (Annex - Report on corporate governance and ownership structures), approved by the administrative body and published with this Directors' Report, which is available on the website of Terna S.p.A. (www.terna.it in the section “Investor Relations/Corporate Governance/Corporate Governance System/Report on Corporate Governance and Ownership Structures approved by the Terna Board of Directors on 15 March 2013").

Certifications in accordance with Article 2.6.2 of the Borsa Italiana Regulation with regard to the conditions pursuant to Articles 36 and 37 of the CONSOB Market Regulation (no. 16191/2007)

With regard to the provisions of Article 36 of the CONSOB Markets Regulation (no. 16191/2007 as subsequently amended), Terna S.p.A. does not hold any majority shares relevant in accordance with the mentioned legislation in companies incorporated and regulated by the laws of non-member countries of the European Union.

With regard to the provisions of Article 37 of said CONSOB Regulation, Terna S.p.A. is subject to the de facto control of Cassa Depositi e Prestiti S.p.A., which - as of 31 December 2012 - holds an equity interest amounting to 29.851% in the share capital, according to that verified by Cassa Depositi e Prestiti and disclosed on 19 April 2007. At present, no management or coordination has been formalised or exercised; Terna S.p.A. goes about its business directly or through its subsidiaries with independent management and trading.

Adhesion to the legislative simplification process adopted by Consob Resolution no. 18079 of 20 January 2012

In accordance with Art. 3 of Consob Resolution no. 18079 of 20 January 2012, Terna S.p.A. has resolved to adhere to the simplification regime established by Articles 70, paragraph 8, and 71, paragraph 1-bis of Consob Regulation no. 11971 of 14 May 1999 as subsequently amended and supplemented (Consob Issuers’ Regulation). It will therefore be applying its right to make an exception to the obligations to publish the informative documents prescribed during major business combinations, spin-offs, capital increases by means of the contributions of assets in kind, acquisitions and disposals.