Prysmian’s leadership team completes investment in company shares

Prysmian’s leadership team completes investment in company shares

Milan, Italy   -   06/03/2020 - 5:00 PM

Prysmian S.p.A. announces that — in execution of the information released to the market on 3 April 2020 and 1 June 2020 — the Group’s leadership team, composed of Group CEO Valerio Battista and the managers directly reporting to him, has purchased 80,136 Company shares on the market,representing 0,03% of share capital, for a total of €1,538,777.

The share purchases — undertaken using a sum corresponding to approximately 50% of the net incentive accrued in respect of financial year 2019 to each manager included in the Group Leadership Team — were carried out by the appointed Financial Intermediary.

The related disclosures pursuant to Article 19 of Regulation (EU) No. 596/14 and the related implementing provisions will be made by the parties required to do so according to the terms and in the manner established by the law.

Prysmian Group is a public company with a broad shareholder base that includes also its employees. Its approximately 9,000 employee-shareholders hold over 3% of the share capital as a result of a stock ownership plan and the share-based incentive plans that the Company has implemented for some time.

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