| IR Policy Creating value for shareholders, and other stakeholders,
is a key priority for Prysmian as part of its commitment to
accyracy, clarity and transparency in the communication
of Company strategy, objectives and results.
The Group’s behaviour and procedures are to provide
the market with the credibility which stands at the base
of a long term investment approach, and to avoid disparity
of treatment in the disclosure of information and ensure
effective compliance with the principle that all investors
and potential investors receive the same information,
allowing them to make sound investment decisions.
More specifically, when publishing its quarterly data,
the Company organizes conference calls with institutional
investors and financial analysts and also invites industry
press representatives to take part. In addition, the
Company promptly informs its shareholders and
potential shareholders of any action or decision that
could have a material impact on their investment.
Relations with the financial market were particularly
intense in 2008, involving more than 300 meetings
held at the Group's offices, roadshows in the major
financial centres of Europe and North America, as well
as participation at conferences organised by the main
international brokers.
Coverage of the Prysmian stock increased significantly
during the year, confirming growing interest by national
and international financial markets in the Company.
Eighteen independent analysts regularly cover the
Prysmian stock: Banca Aletti, Banca Akros, Banca
Leonardo, Banca IMI, Cheuvreux, Citigroup, Dresdner
Kleinwort, Equita, Exane BNP Paribas, Execution Ltd,
Goldman Sachs, Intermonte, JP Morgan, Mediobanca,
Merrill Lynch, Natixis, Royal Bank of Scotland and
UniCredit HVB.
The Investor Relations office has also maintained constant
contact with institutional investors through its
website which hosts audio/video recordings of the
conference calls and presentations to the financial
community, as well as presentation documents and
press releases published by the Company. The Investor
Relations section of the website also includes the
financial calendar and information on corporate
governance and the stock.
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