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ANNUAL REPORT 2011
III.10. A description of the main characteristics
of the share and stock option plans adopted
or valid for the financial year in question, the
reason for adopting the mentioned scheme
and details of the category and number
of persons included in the scheme, share-
-assignment conditions, non-transfer of
share clauses, criteria on share-pricing and
the exercising option price, the period during
which the options may be exercised, the
characteristics of the shares to be distributed,
the existence of incentives to purchase and/
or exercise options, and the responsibilities of
the Board of Directors for executing and/or
changing the plan.
Details shall also include the following:
a) The number of shares required for the
share allotment and the number of shares
required for the exercise of the exercisable
options at the start and end of the year in
question;
b) The number of allotted, exercisable and
extinct shares during the year;
c) The general meetings’ appraisal of the plans
adopted or in force during the period in question.
No plans to attribute shares and stock acquisition
options are in effect.
III.11. A description of the main business
data and transactions carried out between
the company and the members of the
Management and Supervisory Bodies, the
owners of qualified holdings or parent
companies, affiliates or group companies in
an amount that is economically significant
for any of the parties involved, except for
those businesses or transactions that are
cumulatively considered within the bounds
of normal market conditions for similar
transactions and are part of the company’s
current business.
There are no business dealings or operations
that are significant in economic terms for any of
the intervening parties.
III.12. Description of the key elements of
business and operations between the Company
and holders of qualifying holdings or entities
with whom they are in any relationship, in
accordance with article 20 of the Securities
Code outside of normal market conditions.
There were no such businesses or operations.
III.13. Description of the procedures and
criteria for interventionby thesupervisorybody
for the purpose of preliminary assessment of
the business to be held between the company
and holders of qualifying holdings or entities