INTERNAL DEALING
Transparency in relation to transactions in shares of the Company or in financial instruments linked to such shares, which are effected directly or indirectly by relevant persons or by persons closely associated with relevant persons (internal dealing), is currently governed by CONSOB regulations (Articles 152-sexies et seq. of the regulation on Issuers).
By law, the Directors and Statutory Auditors of an issuing company, as well as the "persons who perform administrative, control and management functions in a quoted issuer and the managers who have regular access to inside information and are authorized to take management decisions that can influence the development and prospects of the quoted issuer" are subject to the obbligation of disclosure to the market in relation to transactions effected in shares of the Company or on financial instruments linked to such shares with a value of over €5,000 per annum.
The Board of Directors of UGF has replaced its code of conduct relating to insider dealing with a new procedure for reporting transactions in own shares or in other financial instruments linked to such shares.
The system of rules set out in the Procedure identifies those managers who have regular access to privileged information and have the power to take business decisions which could impact on the development and future prospects of the quoted issuer. Furthermore, within the more general process of reviewing corporate governance tools, and without there being any regulatory requirement to do so, it has been decided to include in the Corporate Governance Code a duty to abstain during specific periods of the year (known as blocking periods) from effecting transactions in shares of the Company or in linked financial instruments.
The procedure for reporting such transactions, as well as ensuring appropriate levels of information transparency towards the market, also works towards the aim of preventing market abuse.
Procedure
Procedure, filing form and acceptance form
Communications
Communication of 6 September 2010 as per Art. 152-octies of Regulation on Issuers
Communication of 3 August 2010 as per Art. 152-octies of Regulation on Issuers
Communication of 15 July 2010 as per Art. 152-octies of Regulation on IssuersCommunication of 14 July 2010 as per Art. 152-octies of Regulation on IssuersCommunication of 13 July 2010 as per Art. 152-octies of Regulation on IssuersCommunication of 3 June 2010 as per Art. 152-octies of Regulation on Issuers
Communication of 27 April 2010 as per Art. 152-octies of Regulation on Issuers
Communication of 8 April 2010 as per Art. 152-octies of Regulation on Issuers
Communication of 8 April 2010 as per Art. 152-octies of Regulation on Issuers
Communication of 12 January 2010 as per Art. 152-octies of Regulation on Issuers
Communication of 4 November 2009 as per Art. 152-octies of Regulation on Issuers
Communication of 7 July 2009 as per Art. 152-octies of Regulation on Issuers
Communication of 11 May 2009 as per Art. 152-octies of Regulation on Issuers
Communication of 9 April 2009 as per Art. 152-octies of Regulation on Issuers
Communication of 3 March 2009 as per Art. 152-octies of Regulation on Issuers
Communication of 9 January 2009 as per Art. 152-octies of Regulation on Issuers
Communication of 6 November 2008 as per Art. 152-octies of Regulation on Issuers
Communication of 10 October 2008 as per Art. 152-octies of Regulation on Issuers
Communication of 5 September 2008 as per Art. 152-octies of Regulation on Issuers
Communication of 5 August 2008 as per Art. 152-octies of Regulation on Issuers
Communication of 9 June 2008 as per Art. 152-octies of Regulation on Issuers
Communication of 28 May 2008 as per Art. 152-octies of Regulation on Issuers
Communication of 08 May 2008 as per Art. 152-octies of Regulation on Issuers
Communication of 10 April 2008 as per Art. 152-octies of Regulation on Issuers
Communication of 11 March 2008 as per Art. 152-octies of Regulation on Issuers
Communication of 15 January 2008 as per Art. 152-octies of Regulation on Issuers
Communication of 10 January 2008 as per Art. 152-octies of Regulation on Issuers
Communication of 10 December 2007 as per Art. 152-octies of Regulation on Issuers
Communication of 12 November 2007 as per Art. 152-octies of Regulation on Issuers
Communication of 10 October 2007 as per Art. 152-octies of Regulation on Issuers
Communication of 01 October 2007 as per Art. 152-octies of Regulation on Issuers
Communication of 05 September 2007 as per Art. 152-octies of Regulation on Issuers
Communication of 01 August 2007 as per Art. 152-octies of Regulation on Issuers
Communication of 06 July 2007 as per Art. 152-octies of Regulation on Issuers
Communication of 04 April 2007 as per Art. 152-octies of Regulation on Issuers
Communication of 15 February 2007 as per Art. 152-octies of Regulation on Issuers
Communication of 30 October 2006 as per Art. 152-octies of Regulation on Issuers