FAQ

Overview questions

A2A is a multiutility born on 1st January 2008 from the merger of AEM/ASM/AMSA (technically, Aem incorporated Asm and Amsa). The new entity is the first player among Italian multiutilities with both a primary position in regulated and unregulated businesses and a promising potential for  international expansion. Furthermore, A2A has fully consolidated Linea Group Holding since August 2016 and ACSM AGAM since July 2018.

A detailed description of the business units in which A2A Group operates is available on the the Business Units section.

Financial markets

A2A is listed on the Italian Stock Exchange (Borsa Italiana) and is a member of the FTSE Mib (Blue Chips) and in the FTSE Italia All-Share Utilities super-sector index and other sector index. Further details are available here.

The code is an ISIN (International Securities Identification Number).

 

For A2A shares the ISIN code is IT0001233417.

The updated price of A2A stocks on the financial market is available on the homepage of our website and (with further details) at the page QUOTATION

The two main shareholders are the Municipality of Milan and the Municipality of Brescia. For further details about other relevant shareholders, go to Sub Home INVESTORS

For details about A2A bonds please go to the DEBT-BONDS

A2A peers are the main listed utilities that operate in the energy sector on a national or on a local basis: Enel, Acea, Hera, Iren, Ascopiave.

Results and business plan

The release date of results (quarterly and annual) is shown in the FINANCIAL CALENDAR

The financial and industrial objectives are publicly disclosed when the BUSINESS PLAN is approved.

The main information about the debt breakdown and maturity can be found on our website at the following page: DEBT

The rating of A2A is available at the following page: DEBT - RATING

A2A external auditors are::

  • PricewaterhouseCoopers S.p.A for the years 2007-2015
  • Reconta Ernst & Young S.p.A.. for the years 2016-2024, mandate conferred by A2A Shareholders’ Meeting on June 2015.

 

A2A quarterly and annual reports are compliant with the IAS/IFRS reporting rules. The "International Financial Reporting Standards" (IFRS) are a set of international reporting rules, ratified by the European Commission, that Companies with securities listed on regulated markets of Member States of the European Union are required to adopt for their consolidated financial statements starting in 2005.

Dividends

For detailed information about the dividend per share amount, distribution and taxation as well as A2A dividend policy, please visit the SHARES - DIVIDENDS

Corporate social responsibility

The main instruments of Sustainability adopted by A2A are: the Code of Ethics, the Quality, Safety and Environment Policy and the Sustainability Report.

For further information please go to the section: Sustainability

Governance

A2A adopts the traditional corporate governance model.  The roles of the main bodies are the following:

Shareholders’ Meeting

  • appoints and revokes the Board of Directors members
  • approves the remuneration of the Board and deliberates on its responsibilities
  • approves the Annual Financial Statements
  • deliberates on the earnings distribution
  • appoints the Board of Statutory Auditors
  • appoints the External Auditors

Board of Directors

  • may appoint an Executive Committee
  • appoints other Commitees
  • appoints and revokes the Manager in charge of drafting the company accounting documents.

For further details go to GOVERNANCE

The Board of Directors will remain in charge for three years until 2023 Shareholders’Meeting.

The Board of Directors has set up three Committees.

As laid down in A2A By-Laws, the company holds one compulsory Shareholders’ General Meeting per year. The Annual General Meeting is called by the Board of Directors, within 120 days (or 180 days under certain circumstances) after the end of the fiscal year.

You can find information on when the Shareholders’ Meeting is held in the Financial Calendar

The notice of call shall be published on the Company’s website and, as excerpt, in the daily newspaper “Il Sole 24 Ore” within 30 days before the first call of Shareholders’ Meeting (unless there are further items in the agenda of the Shareholders’ meeting besides the approval of the Annual Financial Statements which require different time limits for the call). The notice of call is also sent to Consob (market regulator) and Borsa Italiana

Are legitimate to participate the shareholders:

  • who hold voting right at the end of the seventh trading day prior to the date of the Shareholders' Meeting (record date)
  • whose entitlement of the relative right is certified by a statement issued by an authorized intermediary and sent to the Company by the end of the third trading day prior to the date of the Shareholders' Meeting.

However, it's possible to attend and vote if the statement is received by the Company before the opening of the Shareholders' Meeting on first call.

Each shareholder entitled to participate may confer a proxy to a single representative in writing in the manner set forth by current laws.

Morever, experts, financial analysts, members of the economic-financial community, entitled journalists (from daily and periodic newspapers, Italian or foreign or radio/TV channels, Italian or foreign) can participate in the Shareholders’ Meeting, under authorization by the Company, as listeners only with no voting rights.

Key strenghts

How to contact us

Please consult Investor Relations Guidelines and our contact section for Istitutional Investor and Private Shareholders

In order to receive the price sensitive press releases of A2A, a press alert system has been set up. To subscribe, please go to the page: Home INVESTORS or to Press Releases Section.

Useful links

  • Autorità Garante della Concorrenza e del Mercato (Antitrust) www.agcm.it
  • The Italian Regulatory Authority for Energy, Networks and Environment www.arera.it
  • Autorità per le Garanzie nelle Comunicazioni (Telecom Authority) www.agcom.it
  • Borsa Italiana (Italian Stock Exchange) www.borsaitaliana.it
  • Consob (Financial Market Authority) www.consob.it