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BYLAWS

Approved by the Shareholders’ Meeting of December 13, 2005, as amended: (i) by the Shareholders’ Meeting of June 26, 2007; (ii) to reflect the change in share capital due to the exercise of the 2003-2007 Edison Warrants expiring on December 31, 2007; (iii) to reflect the exercise of the remaining stock options in April 2008; and, lastly, (iv) by the Board of Directors on February 11, 2009 (specifically amending Article 5.1, Article 5.5.a, Article 5.5.b and Article 24 to comply with changes in the applicable legislation).

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Last update : Tuesday 8 June 2010

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Edison Trading

Edison Spa
Registered head office
Foro Buonaparte 31, 20121 Milan, Italy

Capital stock 5,291,700,671.00 euros, fully paid in
Milan Company Register and Tax I.D. No. 06722600019
VAT No. 08263330014 – REA Milan No. 1698754
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