The present procedure for transactions with related parties (the “Procedure”) was approved by the Board of Directors Zephyro S.p.A. ( “Zephyro” or the “Company”), with deliberations on January 13th, 2016, after agreement by the Independent Administrator.
The Procedure was adopted in accordance with the “Related Party Transactions Regulations”, issued by Consob with resolution no. 17221 of March 12th, 2010 (as amended by subsequent resolution no. 17389 of June 23rd, 2010) (the “TRP Regulation”), pursuant to art. 2391-bis of the Civil Code and articles 113-ter, 114, 115 and 154-ter of Legislative Decree. N. 58/1998 ( “TUF”), and in accordance with the recommendations of the Corporate Governance Code for Listed Companies published by the Committee for Corporate Governance of Borsa Italiana S.p.A. ( “Code of Conduct”) and lays down the rules governing the procedures for identifying, approving and managing transactions with related parties of Zephyro.