INVESTORS

In order to access this website and the Admission Documentation, you must read and agree to the following information, which you should carefully review before reading, accessing or otherwise using the information provided below. By accessing this website, you agree to be subject to the following terms and conditions, which may be changed or updated and therefore should be read in full each time you access this site. This website, the Admission Documentation and any other information contained in the following pages is accessible only by persons who:
are resident in Italy and who are not currently domiciled or located in the United States of America, Australia, Japan, Canada or in any other country where the dissemination of such information requires the approval of the competent local authorities or is in violation of local rules or regulations (“Other Countries”);
are not “U.S. Persons” as defined in Regulation S of the United States Securities Act of 1933, as amended. “U.S. Persons” in the sense indicated above are prohibited from accessing this website, downloading the Admission Document and any other information contained in the following pages. The information contained in the following pages may not be copied or forwarded. Under no circumstances shall the Admission Document and any other information contained in the following pages be permitted to circulate outside Italy and in particular in the United States, Australia, Japan, Canada or in the Other Countries, whether directly or through third parties, nor shall the Admission Document be distributed to persons who are not resident in Italy.
Regulation S of the United States Securities Act of 1933, as amended, defines a U.S. Person as: (1) any natural person resident in the United States;(2) Any partnership or corporation organised or incorporated under the laws of the United States; (3) Any estate of which any executor or administrator is a U.S. person; (4) Any trust of which any trustee is a U.S. person; (5) Any agency or branch of a foreign entity located in the United States; (6) Any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person; (7) Any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organised, incorporated, or (if an individual) resident in the United States; and (8) Any partnership or corporation if: (A) Organised or incorporated under the laws of any foreign jurisdiction; and (B) Formed by a U.S. person principally for the purpose of investing in securities not registered under the Act, unless it is organised or incorporated, and owned, by accredited investors (as defined in Rule 501(a)) who are not natural persons, estates or trusts. In order to access this website, the Admission Documentation and any other information contained in the following pages, I declare under my full responsibility that I am a resident of Italy and that I am not currently domiciled or located in the United States of America, Australia, Japan, Canada or in the Other Countries and that I am not a “U.S. Person” as defined in Regulation S of the United States Securities Act of 1933, as subsequently amended.