25.04.2015 Views

Under the Euro Medium Term Note Programme ... - Finance - EDF

Under the Euro Medium Term Note Programme ... - Finance - EDF

Under the Euro Medium Term Note Programme ... - Finance - EDF

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

GENERAL INFORMATION<br />

1. Application has been made to <strong>the</strong> Autorité des marchés financiers ("AMF") to<br />

approve this document as a base prospectus. Application will be made in certain<br />

circumstances to <strong>Euro</strong>next Paris for <strong>Note</strong>s issued under <strong>the</strong> <strong>Programme</strong> to be<br />

admitted to trading on <strong>Euro</strong>next Paris.<br />

This Base Prospectus received <strong>the</strong> visa No. 12-240 on 1 June 2012 from <strong>the</strong> AMF.<br />

<strong>Euro</strong>next Paris is a regulated market for <strong>the</strong> purposes of <strong>the</strong> Directive 2004/39/EC.<br />

The Final <strong>Term</strong>s applicable to each Series of <strong>Note</strong>s admitted to trading on <strong>Euro</strong>next<br />

Paris will be filed with <strong>the</strong> AMF. If <strong>the</strong> Final <strong>Term</strong>s in relation to a Series of <strong>Note</strong>s do<br />

not specify <strong>the</strong> aggregate nominal amount of <strong>Note</strong>s admitted to trading on <strong>Euro</strong>next<br />

Paris, <strong>the</strong> relevant Final <strong>Term</strong>s will indicate <strong>the</strong> manner in and date on which such<br />

amount will be made public in accordance with Article 212-27 of <strong>the</strong> general<br />

regulations of <strong>the</strong> AMF.<br />

2. No authorisation procedures are required of Electricité de France by French law for<br />

<strong>the</strong> establishment or update of <strong>the</strong> <strong>Programme</strong>. However, to <strong>the</strong> extent that <strong>Note</strong>s<br />

issued under <strong>the</strong> <strong>Programme</strong> may constitute obligations under French law, <strong>the</strong> issue<br />

of such <strong>Note</strong>s will be authorised in accordance with French law. A resolution of <strong>the</strong><br />

conseil d'administration dated 12 December 2011 authorises <strong>the</strong> issue of <strong>Note</strong>s up to<br />

a maximum aggregate amount of <strong>Euro</strong> 12 billion.<br />

3. Save as disclosed in this Base Prospectus, nei<strong>the</strong>r <strong>the</strong> Issuer nor any of its fully<br />

consolidated subsidiaries is or has been involved in any governmental, legal or<br />

arbitration proceedings (including any such proceedings which are pending or<br />

threatened of which <strong>the</strong> Issuer is aware), during a period covering at least <strong>the</strong><br />

previous 12 months which may have, or have had in <strong>the</strong> recent past, significant<br />

effects on <strong>the</strong> financial position or profitability of <strong>the</strong> Issuer or any of its fully<br />

consolidated subsidiaries.<br />

4. Since <strong>the</strong> date of <strong>the</strong> last published audited consolidated financial statements of <strong>the</strong><br />

Issuer, and save as disclosed in this Base Prospectus, <strong>the</strong>re has been no material<br />

adverse change in <strong>the</strong> prospects of <strong>the</strong> Issuer and no significant change in <strong>the</strong><br />

financial or trading position of <strong>the</strong> Issuer and its fully consolidated subsidiaries.<br />

5. The consolidated financial statements for <strong>the</strong> years ending 31 December 2010 and<br />

31 December 2011 of <strong>the</strong> Issuer have been audited by Deloitte & Associés and<br />

KPMG SA. The audit reports relating to <strong>the</strong> 2010 consolidated financial statements<br />

draw attention to certain notes to <strong>the</strong> financial statements relating to <strong>the</strong> valuation of<br />

long-term provisions relating to nuclear electricity production, as well as <strong>the</strong> changes<br />

in accounting principles and <strong>the</strong> conditions of consolidation of financial information<br />

related to Italian entities in respect of <strong>the</strong> audit report to <strong>the</strong> 2010 consolidated<br />

financial statements. The audit report relating to <strong>the</strong> 2011 consolidated financial<br />

statements draw certain notes to <strong>the</strong> financial statements relating to <strong>the</strong> valuation of<br />

long-term provisions relating to nuclear electricity production. KPMG SA and Deloitte<br />

& Associés are members of <strong>the</strong> Compagnie Nationale des Commissaires aux<br />

Comptes.<br />

-173 -

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!