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Shareholding

Data at 31 December 2016

At December 31, 2016 A2A share capital amounts to 1,629 million euros, divided into 3,132,905,277 shares with a par value of 0.52 euro each. All shares are voting shares, although - as laid down in art. 9 of by-laws - no individual shareholder other than the Municipality of Milan and the Municipality of Brescia may hold an equity interest exceeding 5% of the share capital. Should such ceiling be exceeded, the voting right attached to the shares held in excess of 5% of the share capital may not be exercised. A2A holds 23,721,421 own shares equal to 0.76% of the share capital. On 7 June 2016 A2A Shareholders’ Meeting confirmed the purchase and disposal of treasury shares

 

 

Structure of the shareholding

25%

Municipality of Brescia

25%

Municipality of Milan

3.1%

Norges Bank

0.8%

A2A S.p.A. (Treasury Shares)

46.1%

Other Shareholders/Market

 

Shareholders breakdown by ownership clusters

Clusters Number of shareholders % Number of ordinary shares %
1 - 500 12,909 16% 4,910,131 0.2%
501 - 1,000 18,480 22% 17,796,315 0.6%
1,001 - 5,000 36,217 44% 99,087.812 3.2%
5,001 - 10,000 7,728 9% 60,596,989 1.9%
10,001 - 50,000 5,773 7% 125,494,057 4.0%
50,001 - 100,000 628 1% 46,432,523 1.5%
100,001 - 500,000 516 1% 111,462,377 3.6%
500,001 - 1,000,000 95 0% 67,165,115 2.1%
1,000,000 - Massimo 158 0% 2,599,959,958 83.0%
Totale 82,504 100% 3,132,905,277 100%

A2A shareholders are more than 82,000, split into institutional and retail investors.

Institutional investors represent around 33.8% of the share capital (31.5% in 2015). 25.2% of the free float owned by institutional investors is held by UK investors, 18.1% by Luxembourg-based investors, 17.5% by USA investors and 17.1% by Italian investors. Other relevant countries are France (7.2%) and Germany (2.5%).

 

The retail investors are approximately 81,000 and own 12.9% percent of the share capital (in 2015 they represented the 16.2%). 99.8% of the retail investors live in Italy and in particular 57.8% of them are in Lombardy, the region where historically A2A has been more active. Investors from the provinces of Milan and Brescia own respectively 26.3% and 12.9% of the total retail shareholding.
The above-mentioned data are based on the shareholders register updated at 22 June 2016 (dividend payment date)

For further information about the shareholders that hold, directly or indirectly, a significant stake in the company (i.e., more than 3% of the share capital), please visit the Consob website