Shareholding
Data at 31 December 2019
At December 31, 2019 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 13 May 2019 A2A Shareholders’ Meeting confirmed the purchase and disposal of treasury shares.
Structure of the shareholding
25%
Municipality of Brescia
25%
Municipality of Milan
0.8%
A2A S.p.A. (Treasury Shares)
49.2%
Other Shareholders/Market
No relevant variations on major shareholders have occurred since the end of 2018
Shareholders breakdown by ownership clusters
| Classe | Numero azionisti | % azionisti | Numero di azioni ordinarie | % |
|---|---|---|---|---|
| 1 - 100 | 2,785 | 4% | 146,257 | 0.0% |
| 101 - 500 | 10,531 | 15% | 4,203,070 | 0.1% |
| 501 - 1,000 | 15,300 | 22% | 14,745,773 | 0.5% |
| 1,001 - 5,000 | 30,002 | 42% | 81,875,438 | 2.6% |
| 5,001 - 10,000 | 6,442 | 9% | 50,162,931 | 1.6% |
| 10,001 - 50,000 | 4,591 | 6% | 100,087,216 | 3.2% |
| 50,001 - 100,000 | 531 | 1% | 38,068,846 | 1.2% |
| 100,001 - 500,000 | 547 | 1% | 120,844,742 | 3.9% |
| 500,001 - 1,000,000 | 138 | 0% | 101,364,127 | 3.2% |
| 1.000.001 - Max | 199 | 0% | 2,621,406,876 | 83.7% |
| Totale | 71,066 | 100% | 3,132,905,276 | 100% |
A2A shareholders are around 71,000 , split into institutional and retail investors.
Institutional investors represent around 36.6% of the share capital (37.1% in 2018). 30.9% of the free float owned by institutional investors is held by US investors, 18.1% by UK investors, 10.4% by Italian investors and 8.2% by French investors. Other relevant countries are Luxembourg (5.8%) and Germany (4.7%).
The retail investors are approximately 69,000 and own 10.7% percent of the share capital (in 2018 they represented the 10.3%). 99.9% of the retail investors live in Italy and in particular 58.2% of them are in Lombardy, the region where historically A2A has been more active. Investors from the provinces of Milan and Brescia own respectively 26.7% and 13% of the total retail shareholding.
The above-mentioned data are based on the shareholders register updated at 22 May 2019 (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