Related-party transactions

Pursuant to Consob Regulation no. 17221/2010 as amended, the Board of Directors adopted the "Procedures for related-party transactions" containing the provisions which ensure substantial and procedural fairness in carrying out the whole process of related party transactions. On February 7, 2014 the Board of Directors resolved to amend the above Procedures to make the scope of related parties consistent with the redefinition of the managers with strategic responsibilities following the new organization structure the group adopted as a consequence also of the delisting of the subsidiary Dyckerhoff.
On May 7, 2021 the Board of Directors approved the changes to the procedure for related-party transactions, also in compliance with the recent regulatory updates issued by Consob. The procedure will take effect from 1 July 2021.