EMTN Program
Disclaimer
The distribution of the information on the following webpages is subject to certain restrictions. The content provided on the following webpages is for information purposes only. It does not constitute an offer or an invitation to subscribe for or purchase securities nor an investment recommendation, nor does it constitute an offer of securities to the public as such term is defined in EU Directive 2003/71/EC (the "Prospectus Directive") (an "EU Public Offer"). The information may therefore not be used (i) in connection with an offer, invitation or investment recommendation in any jurisdiction where such offers or investment recommendations are not permitted by law nor (ii) in connection with an EU Public Offer. The information contained on the following webpages is not meant to serve as a basis for any kind of obligation, contractual or otherwise.
In particular, the information on the following webpages does not constitute or form part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities described on the following webpages have not been, and will not be, registered under the U.S. Securities Act of 1933 (the "Securities Act") and may not be offered or sold in the United States, or to, or for the account or benefit of, US persons (as such term is defined in Regulation S under the Securities Act) except pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States.
THE FOLLOWING INFORMATION IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES. IT IS NOT DIRECTED AT AND MAY NOT BE VIEWED BY OR DISTRIBUTED TO ANY US PERSON NOR TO ANY ITALIAN CITIZEN OR PERSON RESIDENT OR IN ITALY.
The distribution of the information on the following webpages is subject to certain restrictions. The content provided on the following webpages is for information purposes only. It does not constitute an offer or an invitation to subscribe for or purchase securities nor an investment recommendation, nor does it constitute an offer of securities to the public as such term is defined in EU Directive 2003/71/EC (the "Prospectus Directive") (an "EU Public Offer"). The information may therefore not be used (i) in connection with an offer, invitation or investment recommendation in any jurisdiction where such offers or investment recommendations are not permitted by law nor (ii) in connection with an EU Public Offer. The information contained on the following webpages is not meant to serve as a basis for any kind of obligation, contractual or otherwise.
In particular, the information on the following webpages does not constitute or form part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities described on the following webpages have not been, and will not be, registered under the U.S. Securities Act of 1933 (the "Securities Act") and may not be offered or sold in the United States, or to, or for the account or benefit of, US persons (as such term is defined in Regulation S under the Securities Act) except pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States.
THE FOLLOWING INFORMATION IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES. IT IS NOT DIRECTED AT AND MAY NOT BE VIEWED BY OR DISTRIBUTED TO ANY US PERSON NOR TO ANY ITALIAN CITIZEN OR PERSON RESIDENT OR IN ITALY.
