Milano Assicurazioni S.p.A. - Requests of Consob to the Shareholders’ Meeting
Directors’ Report and Remuneration Report at December 31, 2011 published pursuant to Article 154-ter and Article 123-ter of Legislative Decree No. 58/1998 – Requested pursuant to Article 114, paragraph 5, of Legislative Decree No. 58/1998.
It is announced that, on the request of Consob on April 16, 2012 in accordance with Article 114, paragraph 5 of Legislative Decree No. 58/1998 (CFA), the Board of Directors of Milano Assicurazioni S.p.A. – in supplementation to the Directors’ Report at December 31, 2011 made available to the public, in accordance with Article 154-ter of Legislative Decree No. 58/1998, in consideration of the Shareholders’ Meeting called for April 23 and 24, 2012 for the approval of the annual accounts and the presentation of the consolidated financial statements at December 31, 2011 – publishes the following requests and relative information and disclosures:
“with reference to the issues noted by Isvap – reported in the press release published on March 27, 2012 by the parent company Fondiaria-SAI and disclosed in the notes to the financial statements at December 31, 2011 – detailed information on the issues notified by ISVAP – specifying whether they refer to, in addition to the process for the calculation of the Motor TPL reserve and the application of the statistical-actuarial model, also the control system, with particular reference to the corporate governance system, to the adequacy of the internal control system and transactions with related parties – and on the corrective measures put in place by the Company or in the course of implementation, as well as disclosure in relation to any punitive procedures by ISVAP following the inspections made;”
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