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Shareholding

Data at 31 December 2017

At December 31, 2017 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 27 April 2018 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 2017

 

Shareholders breakdown by ownership clusters

Clusters Number of shareholders % Number of ordinary shares %
1 - 500 13.335 18% 4.670.789 0.1%
501 - 1,000 16.632 22% 16.052.150 0.5%
1,001 - 5,000 32.352 43% 88.234.859 2.8%
5,001 - 10,000 6.732 9% 52.569.950 1.7%
10,001 - 50,000 4.916 7% 107.157.029 3.4%
50,001 - 100,000 534 1% 38.824.359 1.2%
100,001 - 500,000 499 1% 110.076.512 3.5%
500,001 - 1,000,000 108 0% 78.062.300 2.5%
1,000,000 - Massimo 197 0% 2.637.257.329 84.2%
Totale 75.305 100% 3.132.905.277 100%

A2A shareholders are around 77,000, split into institutional and retail investors.

Institutional investors represent around 36.2% of the share capital (33.8% in 2016). 25.5% of the free float owned by institutional investors is held by US investors, 20.9% by UK investors, 14.0% by Luxembourg-based investors and 12.1% by Italian investors. Other relevant countries are France (7.2%) and Germany (4.1%).

The retail investors are approximately 75,000 and own 11.1% percent of the share capital (in 2016 they represented the 12.9%). 99.6% of the retail investors live in Italy and in particular 58.5% of them are in Lombardy, the region where historically A2A has been more active. Investors from the provinces of Milan and Brescia own respectively 26.8% and 13.3% of the total retail shareholding.
The above-mentioned data are based on the shareholders register updated at 24 May 2017 (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