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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