Capital and Shareholders
Prysmian's share capital amounts to Euro 21,459,171.00, consisting of 214,591,710 ordinary shareswith a nominal value of Euro 0.1
To see the shareholding structure as of today, please click here (source: CONSOB).
Capital and Shareholding Structure as of 31 December 2013
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 industrial companies with a global presence 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 0.1 each. The ownership structure at this date was as follows.
Ownership structure by type and major shareholders
Source: Nasdaq OMX
The ownership structure by geographical area confirms the predominant share of American and British investors, who at the end of 2013 accounted for about 50% of the capital held by institutional investors; they were followed by Italian institutional investors with 14% and by the French with 8%. Lastly, worth noting is the increase in the proportion of Asian investors since the prior year, particularly those from Singapore and Japan.
Approximately 73% of the share capital held by institutional investors is represented by investment funds with Value, Growth or GARP strategies, therefore focused on a medium to long-term time horizon. There has also been a steady increase in the proportion of shareholders adopting an Index investment strategy, based on the principal stock indices; in fact, this increase is consistent with the greater weight of the Prysmian stock within such indices.