1.The annual report must include at least a fair review of the development of the company's business and of its position.
2.The report shall also give an indication of: (a) any important events that have occurred since the end of the financial year; (b) the company's likely future development; (c) activities in the field of research and development; (d) the information concerning acquisitions of own shares prescribed by Article 22 (2) of Directive 77/91/EEC.