Ownership structure by type and major shareholders

The Company's free float was equal to 100% of the outstanding shares and major shareholdings (in excess of 3%) accounted for approximately 12% of total share capital, meaning there were no majority or controlling interests. Prysmian is now one of Italy's few globally present industrial concerns to have achieved true Public Company status in recent years.
 

Source: Nasdaq OMX December 2018

Institutional investors by geographical area

The geographical ownership structure shows a predominant presence of the United States, which represents 28% of the institutional investor total, an increase from 2017, followed by the UK, which accounted for 22%, a decrease from 2017. Italy accounted for around 18% of the capital held by institutional investors, an increase from 2017, while France's share remains almost stable at 10%. The proportion of Asian investors was basically unchanged.

 

Source: Nasdaq OMX December 2018

 

Institutional investors by investment approach

Approximately 67% of the share capital held by institutional investors is represented by investment funds with Value, Growth or GARP strategies, therefore focused on a medium to long-term investment horizon. The proportion of investors adopting an Index investment strategy, based on the principal stock indexes, was up compared with 2017, while the Hedge Fund component, focused on a shorter time horizon, slightly reduced its weight to reach 4% of the total.

 

Source: Nasdaq OMX December 2018