185
Treasury shares
The treasury shares held at the beginning of the year were
acquired under the shareholders’ resolution dated 15 April
2008, which gave the Board of Directors the authority for an
The Shareholders’ Meeting held on 16 April 2013 authorised
a share buy-back and disposal programme. This programme
provides the opportunity to purchase, on one or more
occasions, a maximum number of ordinary shares whose
(1) Capital increase following exercise of part of the options under the Stock Option Plan 2007-2012.
Ordinary shares
Treasury shares
Total
Balance at 31 December 2011
214,393,481
(3,039,169)
211,354,312
Capital increase
(1)
115,300
-
115,300
Treasury shares
-
-
-
Balance at 31 December 2012
214,508,781
(3,039,169)
211,469,612
Ordinary shares
Treasury shares
Total
Balance at 31 December 2012
214,508,781
(3,039,169)
211,469,612
Capital increase
(1)
82,929
-
82,929
Treasury shares
-
-
-
Balance at 31 December 2013
214,591,710
(3,039,169)
211,552,541
Movements in the ordinary shares and treasury shares of Prysmian S.p.A. are reported in the following table:
18-month maximum period to buy up to 18,000,000 ordinary
shares. The number of treasury shares increased in 2011
following the acquisition of Draka Holding N.V., which holds
10,669 Prysmian S.p.A. shares.
total cannot exceed 10% of share capital, equal to 18,420,002
ordinary shares as at the date of 16 April 2013, taking account
of the treasury shares already held by the Company.
Number of shares
Nominal value % of share capital
Unit value
Carrying value
At 31 December 2011
3,039,169
303,917
1.42%
9.963
30,279,078
- Purchases
-
-
-
-
-
- Sales
-
-
-
-
-
At 31 December 2012
3,039,169
303,917
1.42%
9.963
30,279,078
- Purchases
-
-
-
-
-
- Sales
-
-
-
-
At 31 December 2013
3,039,169
303,917
1.42%
9.963
30,279,078
Movements in treasury shares are shown in the following table:
