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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 was formed on 12 May 2005
and has its registered office in Viale Sarca, 222 - Milan (Italy).
Through its controlling interests in Italian companies
and the sub-holding companies Prysmian Cavi e Sistemi
S.r.l. and Draka Holding N.V. (acquired on 22 February
2011), the Company indirectly owns equity interests in
the Prysmian Group’s operating companies. The Company
and its subsidiaries produce, distribute and sell cables
and systems and related accessories for the energy and
telecommunications industries worldwide.
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.
Significant events during the year
The following significant events took place over the course
of 2013:
Early Repayment of Credit Agreement 2010
On 22 February 2013 and 15 March 2013, Prysmian S.p.A.
made early repayments of Euro 88,800 thousand and Euro
143,284 thousand respectively against the Credit Agreement
2010 disbursed on 3 May 2012.
Convertible bond
On 4 March 2013, the Company’s 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 shareholders of
Prysmian S.p.A. 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,
by a maximum nominal amount of Euro 1,344,411.30,
by issuing, in single or multiple instalments, up to
13,444,113 ordinary shares of Prysmian S.p.A., with the
same characteristics as its outstanding ordinary shares,
exclusively and irrevocably to serve the Bond’s conversion.
EXPLANATORY NOTES
A.
GENERAL INFORMATION
