2014 ANNUAL REPORT

28 348

Consolidated Financial Report | DIRECTORS’ REPORT
2014 Annual Report
Prysmian Group
28
PRYSMIAN AND THE FINANCIAL MARKETS
OWNERSHIP STRUCTURE
The listing of Prysmian's ordinary shares, resulting from the
sale of 46% of the shares held by the Goldman Sachs Group
Inc., took place on 3 May 2007 at a price of Euro 15.0 per
share, corresponding to a capitalisation of Euro 2.7 billion.
Subsequent to the listing, the Goldman Sachs Group Inc.
gradually reduced its interest in the company, control of
which it had acquired in July 2005, by placing the remaining
54% of the shares with institutional and selected investors
in several successive stages: i) approx. 22% in November
2007, ii) approx. 14% in November 2009, iii) approx. 17% in
March 2010. Valerio Battista, Prysmian's Chief Executive
Officer, announced on occasion of the last sale that he had
purchased 1,500,000 shares, corresponding to around 0.8%
of share capital and taking his total shareholding to 1.2%,
which he raised to approximately 1.5% during the course of
subsequent years.
At 31 December 2014, the Company's free float was equal to
100% of the outstanding shares and major shareholdings
(in excess of 2%) accounted for approximately 28% of total
share capital, meaning there were no majority or controlling
interests. Prysmian is now one of Italy’s few globally present
industrial companies to have achieved Public Company
status in recent years.
At 31 December 2014, the share capital of Prysmian S.p.A.
amounted to Euro 21,671,397.70, comprising 216,712,397
ordinary shares with a nominal value of Euro 0.10 each. The
ownership structure at this date is shown below.
Institutional Investors 78.6%
Retail 8.1%
Treasury shares1.3%
Other(*) 12.0%
6.2% Clubtre S.p.A.
5.0% BlackRock Inst. Trust NA
3.8% Franklin Templeton IM Ltd.
2.3% Norges Bank IM
2.2% General Inv. Europe S.p.A.
2.2% JPMorgan AM U.K. LTD
2.1% Franklin Equity Group
2.1% State Street GA France S.A.
2.0% Gov. of People's Rep. of China
72.1% Other
OWNERSHIP STRUCTURE BY TYPE AND MAJOR SHAREHOLDERS
Source: Nasdaq OMX, December 2014 (Ownership structure by type); Thomson One public sources, December 2014 (Major shareholders with over 2%).
(*) Mainly includes shares held by non-institutional investors and shares with third-party custodians held for trading.
Prysmian Group is a genuinely Public Company: its free float is equal to 100% of the shares,
with nearly 80% of its capital held by institutional investors.