Half-yearly financial Report at June 30, 2013 - A2A

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Half-yearly financial report at June 30, 2013Significant events during the periodA2A S.p.A.: new 5-year revolving credit line agreement signed with asyndicate of domestic and international banksOn April 22, 2013 A2A S.p.A. signed an agreement for a new 5-year revolving credit line of 600million euro which will replace the revolving credit lines expiring over the next 24 months andunused at the date of signing the new agreement.Following the transaction, the overall available credit lines amount to 1,640 million euro. Thesehave an average duration of 3.6 years and assure the A2A Group significant financial flexibility.The Supervisory Board of A2A S.p.A. approves the 2012 financialstatementsOn April 29, 2013, the Supervisory Board approved the separate financial statements and theA2A Group’s consolidated annual report for the year ended December 31, 2012 prepared bythe Management Board.The Supervisory Board also approved the Management Board’s proposal to submit to theshareholders’ meeting the distribution of a dividend of 0.026 euro per ordinary share to bepaid as from June 27, 2013 (ex-dividend date June 24, 2013).25Subsequent to this, on June 13, 2013, the Shareholders’ Meeting of A2A S.p.A. approved theproposal for the distribution of a dividend of 0.026 euro per ordinary share to be paid as fromJune 27, 2013 (ex-dividend date June 24, 2013 - coupon no. 16) and having record date June 26,2013.Standard & Poor’s confirms the long-term credit rating of A2A S.p.A. asBBB with a negative outlook. Unchanged short-term credit rating of A-2.Standard & Poor’s has confirmed the long-term credit rating of A2A S.p.A. as BBB with anegative outlook, and its short-term rating as A-2.The confirmation of the rating rewards A2A’s debt reduction plan and the effectiveness of itsfinancial strategy which is aimed at obtaining funds in advance for repaying its debts falling due.The rating additionally reflect a strong and stable business profile, characterized by a highlevel of diversification and integration and supported by a significant presence in regulatedbusinesses.
Half-yearly financial report at June 30, 2013Significant events during the periodA2A Energia S.p.A.: the Joint Committee set up with the Consumers’Associations begins workAs envisaged in the Self-Regulation Protocol signed on March 1, 2013 by A2A Energia S.p.A. - gasand electricity sales company of the A2A Group - and the Consumers’ Associations, the workof the Joint Committee officially got under way on May 22, 2013.The task of the Committee, consisting of three members designated by the Consumers’Associations and three by A2A Energia S.p.A. (plus one substitute member), is to supervisecompliance with the rules set out in the Self-Regulation Protocol and to ensure that thecompany is following proper marketing procedures.The Associations which contributed to drawing up the agreement and signed it were as follows:26ACU, Adiconsum, Adoc, Adusbef, Altroconsumo, Assoutenti, Casa del Consumatore,Cittadinanzattiva, Codacons, Codici, Confconsumatori, Coniacut, Federconsumatori, LegaConsumatori, Movimento Consumatori, Movimento Difesa del Cittadino and UnioneNazionale Consumatori.At the Committee’s first meeting members agreed on the modus operandi of the meetingsand their frequency. The following priorities have been identified and are already included onthe agenda of the initial meetings:• the formation and checking of the quality of the work and of compliance by tradingpartners with the contents of the Self-Regulation Protocol;• an analysis of the different circumstances which might give rise to disputes.The direction which has been taken for quite some time by A2A Energia S.p.A. to prevent unfairtrading practices and protect customers therefore continues. In addition to the JointCommittee, the Self-Regulation Protocol also provides for the extension of the cooling off periodto which the end customer is entitled, requires A2A Energia S.p.A. to send a confirmation letterto notify customers that a new supply contract has been activated and envisages specific trainingand possible penalties for the trading partners of A2A Energia S.p.A..If conduct is identified which fails to comply with the requirements of the Protocol, in additionto compensation being paid directly to the end customer the Protocol also requires a fund tobe set up to be used to provide information on unfair trading practices and to prevent thesefrom occurring.
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Half-yearly financial Report at June 30, 2013 - A2A

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