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 15 May 2017 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
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