Trento/Rome July 8, 2004 Enel and SET (the electricity company of the Autonomous Province of Trento) agreed on the transfer to the latter of Enels local electricity distribution network.
The agreement will have to be approved by the relevant Board of Directors and is likely to be finalised by year-end.
The assets under the scope of the agreement include approximately 6,700 kilometres of network with 3,000 stations - serving 222,000 customers through approximately 250 employees - and several buildings used for operating the network. The total consideration (including assets and buildings) amounts to 198 million euro.
Litigation is pending on the matter between Enel, SET and the Autonomous Province of Trento. The latter, referring to the provisions set forth by Presidential Decree (DPR) 235/77, issued a compulsory order for transferring the relevant assets against which Enel filed a petition with the Regional Administrative Court (TAR) of Trento. After reaching the agreement, parties requested TAR to delay the hearing scheduled today. TAR rescheduled the hearing on December 16, 2004.
For the dissemination to the public and the storage of regulated information made available to the public, Enel S.p.A. has decided to use respectively the platforms “eMarket SDIR” and “eMarket Storage”, both available at the address www.emarketstorage.com and managed by Teleborsa S.r.l. - with registered office in Rome, at 4 Piazza Priscilla - as per CONSOB authorization and resolutions n. 22517 and 22518 of November 23, 2022.
From May 19th 2014 to June 30th 2015, Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by Consob with resolution No. 18852 of April 9th, 2014.