Tiscali 2003 Annual Report Download - page 134

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RELATED PARTIES TRANSACTIONS
In 2003 certain dealings took place with related parties, defined as Companies in which members of the board of directors own
a stake directly or indirectly or companies owned by shareholders in the Group. In particular, IT consultancy services were provi-
ded by Kelyan S.p.A., in which Bernabè Franco S.p.A. holds a stake. The cost of these services, which involved a datawarehouse
project and installation of IT systems, was EUR 1.3 million. The services were charged at market prices.
Transmission capacity (IRUs) and services, costing a total of EUR 2.8 million, were purchased from Interoute S.p.A. (formerly
Eurostrade S.p.A., majority-owned by Group shareholder the Sandoz Foundation). The services (dark fibre and related mainte-
nance) were charged at market prices.
Shardna S.p.A. (controlled by shareholder and chairman Renato Soru) was invoiced for EUR 124,000 for a sub-lease on a Tiscali
building in Cagliari. The invoice also passed on costs incurred by the Company.
SHARES HELD BY DIRECTORS AND STATUTORY AUDITORS
As required by law, including art. 79 of CONSOB regulation 11971/99 implementing Legislative Decree 58/1998, the table below
shows the number of shares held by directors and statutory auditors.
STOCK OPTION
As of 31 December 2003, none of the options assigned under the stock option plan (which expired in September 2003) had been
exercised. The capital increase approved at the shareholders’ meeting held on 12 March 2001 and valid for five years, has the-
refore not been carried out.
As at the date of this report, no new stock option plans for employees had been put in place.
EVENTS TAKING PLACE AFTER YEAR END
Please refer to the Report on operations.
136136
NAME POSITION NO. OF SHARES NO. OF SHARES NO. OF SHARES NO. OF SHARES
HELD AS OF PURCHASED SOLD HELD AS OF
31.12.2003 31.12.2002
Board of Directors
Renato Soru Chairman & CEO 108,100,000 - - 108,100,000
Victor Bischoff Director - - - -
Franco Bernabè Director - - - -
Gabriel Prêtre Director - - 489 489
Tommaso Barbini Director - - - -
Board of Statutory Auditors
Aldo Pavan Chairman - - - -
Piero Maccioni Statutory Auditor - - - -
Massimo Giaconia Statutory Auditor - - - -
Andrea Zini Deputy Auditor 2,054 - - 2,054
Rita Casu Deputy Auditor 50 - - 50