Capital and Shareholders
Capital and Shareholding Structure as of 31 December 2015
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 0.10 each. The ownership structure at this date is shown below.
Source: Nasdaq OMX, December 2015 (Ownership structure by type); Thomson One public sources and CONSOB, December 2015 (Major shareholders over 2%).
* Mainly includes shares held by non-institutional investors and shares with third-party custodians held for trading.
Fonte: Nasdaq OMX December 2015
The geographical ownership structure confirms the predominant presence of the United States, whose investors hold 31% of institutional investor total, up from 2014, followed by the United Kingdom, which accounted for about 18% at the end of 2015. At the end of 2015 Italy accounted for around 16% of the capital held by institutional investors, up from 2014, while France's share fell to 8%. The proportion of Asian investors was stable.
Approximately 67% 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 investment horizon. The proportion of investors adopting an Index investment strategy, based on the principal stock indexes, was slightly higher than the previous year, while the Hedge Fund component, focused on a shorter time horizon, reduced its weight to 2% of the total.