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PRYSMIAN GROUP | DIRECTORS’ REPORT
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PRYSMIAN AND THE FINANCIAL MARKETS
OWNERSHIP STRUCTURE
Prysmian Group can be considered a Public Company to all intents and purposes: its free float is equal to
100% of the shares, with nearly 80% of its capital held by institutional investors.
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 2015, the Company's free float was equal to 100% of the outstanding shares and major
shareholdings (in excess of 2%) accounted for approximately 22% 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 2015, the share capital of Prysmian S.p.A. amounted to Euro 21,672,092.20, comprising
216,720,922 ordinary shares with a nominal value of Euro 0.1 each. The ownership structure at this date is
shown below.