CONSOLIDATED FINANCIAL STATEMENTS
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| 2013 ANNUAL REPORT | PRYSMIAN GROUP
CONSOLIDA ED FINANCIAL STATEMENTS >
EXPLANATORY NOTES
Prysmian S.p.A. (“the Company”) is a company incorporated
and domiciled in Italy and organised under the laws of the
Republic of Italy.
The Company has its registered office in Viale Sarca, 222 -
Milan (Italy).
Prysmian S.p.A. has been listed on the Italian Stock Exchange
since 3 May 2007 and has been included since September
2007 in the FTSE MIB index, comprising the top 40 Italian
companies by capitalisation and stock liquidity.
The Company and its subsidiaries (together “the Group”
or “Prysmian Group”) produce, distribute and sell cables
and systems and related accessories for the energy and
telecommunications industries worldwide.
A.1 SIGNIFICANT EVENTS IN 2013
Early Repayment of Term Loan Facility 2010
On 22 February 2013 and 15 March 2013, the Prysmian Group
made early repayments of Euro 186 million and Euro 300
million respectively against the Term Loan disbursed on 3 May
2012. The first repayment was in respect of repayments due
in 2013 (Euro 124 million) and in the first half of 2014 (Euro 62
million), while the second referred to the repayment due in
December 2014 (Euro 300 million).
Convertible bond
On 4 March 2013, the Board of Directors approved the
placement of an Equity Linked Bond, referred to as
“€300,000,000 1.25 per cent. Equity Linked Bonds due 2018”,
maturing on 8 March 2018 and reserved for institutional
investors.
The Company completed the placement of the Bonds on 8
March 2013, while their settlement took place on 15 March
2013.
At a meeting held on 16 April 2013, the Company’s
shareholders authorised:
• the convertibility of the Bond;
• the proposal to increase share capital for cash, in single or
multiple issues with the exclusion of pre-emptive rights,
EXPLANATORY NOTES
A.
GENERAL INFORMATION
