Edison: General Shareholders' Meeting approves 2010 Annual Report

In order to offset this loss, the General Shareholders' Meeting authorized the use of the full amount of the company's additional paid-in capital of 1.254 million euros and of 84.755 million euros taken from retained earnings to make up the shortfall. The consolidated financial statements recorded a net profit of 21 million euros.
The General Shareholders' Meeting appointed the Board of Directors, which comprises thirteen directors, with a term of one year and thus until the Shareholders' Meeting to approve the financial statements for the year ending December 31, 2011, confirming Giuliano Zuccoli as Chairman. Twelve directors, i.e. Giuliano Zuccoli, Henri Proglio, Renato Amilcare Ravanelli, Thomas Piquemal, Paolo Rossetti, Jean Louis Mathias, Klaus Stocker, Bruno Lescoeur, Andrea Viero, Adrien Jami, Gregorio Gitti and Gian Maria Gros-Pietro, were taken from the list presented by the controlling shareholder Transalpina di Energia Srl, and one director, i.e. Mario Cocchi, was taken from the list presented by Carlo Tassara Spa.