CONSOLIDATED FINANCIAL STATEMENTS >
DIRECTORS’ REPORT
34
| 2013 ANNUAL REPORT | PRYSMIAN GROUP
The listing of Prysmian’s ordinary shares, resulting from
the sale of 46% of the shares held by 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, 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) 22% in November 2007, ii) 14%
in November 2009, iii) 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
PRYSMIAN AND THE FINANCIAL MARKETS
1.4% during the course of subsequent years.
At 31 December 2013, the Company’s free float was equal to
100% of the outstanding shares and major shareholdings
(in excess of 2%) accounted for approximately 15% of total
share capital, meaning there were no majority or controlling
interests. Prysmian is now one of Italy’s few globally present
industrial companies that has achieved Public Company status
in recent years.
At 31 December 2013, the share capital of Prysmian S.p.A.
amounted to Euro 21,459,171.00, comprising 214,591,710
ordinary shares with a nominal value of Euro 0.10 each.
The ownership structure at this date is shown below.
* Mainly includes shares held by non-institutional investors and shares with third-party custodians held for trading
Source: Nasdaq Omx (Ownership structure by type)
Source: Consob (Major shareholders with shares in excess of 2%)
Clubtre S.p.A.
6.2%
Norges Bank
2.2%
JP Morgan Chase & Co. Corp.
2.2%
State Street Global Adv LTD
2.1%
T. Rowe Price Associates Inc.
2.0%
Institutional Investors
76.9%
Retail
9.7%
Treasury shares
1.4%
Others
12.0%*
OWNERSHIP STRUCTURE BY TYPE AND MAJOR SHAREHOLDERS
OWNERSHIP STRUCT RE BY TYPE AND MAJOR SHA EHOLD R
OWNERSHIP STRUCTURE
Prysmian Group is a genuinely Public Company: its free float is equal to 100% of the shares,
with more than 70% of its capital held by institutional investors.
