• The Shareholders’ Meeting of New Gas Trade approves the change of name and a capital increase up to EUR 1 million
  • Appointment of Statutory Auditors who will remain in office for the years 2015, 2016 and 2017

TerniEnergia, smart energy company active in the fields of renewable energy, energy efficiency, waste and energy management, listed on the Star segment of the Italian Stock Exchange and part of Italeaf Group, announces that the Shareholders’ Meeting of New Gas Trade, met in extraordinary and ordinary session with the chairmanship of Sergio Agosta.

Extraordinary session

The Extraordinary General Shareholders’ Meeting approved the company’s transformation from Srl in S.p.A. and the change of name in TerniEnergia Gas & Power SpA, with the resulting changes to art. 1 of the Bylaws. The change of the company’s name is part of the broader project of reorganization of the Group aimed at:

– Attend all stages of the value chain for electricity and gas in Italy, by integrating supply, trading and marketing of natural gas and LNG with the generation and management of electricity;

– Maximize opportunities for development of the gas sector, both in Italy and internationally, recorded in the first half of a positive trend in terms of volumes and margins, are expected to grow even more interesting in relation to the sector of electric energy;

– More differentiation between the role of the Company to the institutions, the market, the financial community and industrial customers.

The Company will inform the market of the registration of the above resolution to the Registry of Companies of Milan. The Extraordinary General Meeting also resolved to increase the share capital against payment, divisible, from Euro 0.1 million up to a maximum of Euro 1 million. The capital increase has already been subscribed for Euro 0.5 million.

Ordinary session

The Shareholders’ meeting, in the ordinary session, approved the appointment of three members of the Board of statutory auditors and two deputy members, who will remain in office for the years 2015, 2016 and 2017. They are: Roberto Raminelli, who was appointed Chairman of the Board, Caterina Brescia and Vittorio Pellegrini, appointed auditors. Marco Chieruzzi and Marco Rosatelli were appointed deputy auditors.