Consolidated FinanCial statements >
AND EXPLANATORY NOTES
158
| 2012 annual report prysmian group
Prysmian S.p.A. (“the Company”) is a company incorporated
and domiciled in Italy and organised under the laws of the
Republic of Italy.
The Company has its registered office in Viale Sarca, 222 -
Milan (Italy).
Prysmian S.p.A. has been listed on the Italian Stock Exchange
since 3 May 2007 and has been included since September
2007 in the FTSE MIB index, comprising the top 40 Italian
companies by capitalisation and stock liquidity.
The Company and its subsidiaries (together “the Group”
or “Prysmian Group”) produce, distribute and sell cables
and systems and related accessories for the energy and
telecommunications industries worldwide.
Squeeze-out procedure
On 27 February 2012, the squeeze-out, permitted under art.
2.359c of the Dutch Civil Code, was completed in order to
purchase the 478,878 ordinary shares of Draka Holding N.V., for
which acceptance was not obtained during the public mixed
exchange and cash offer for all the Draka Holding N.V. ordinary
shares. The successful conclusion of the squeeze-out means
that Prysmian Group now holds the entire share capital of
Draka Holding N.V.
The squeeze-out procedure required Prysmian S.p.A. to make
available to these share-owners the sum of Euro 8,886,251.19,
inclusive of legal interest required under Dutch law, on a
deposit account held at the Dutch Ministry of Finance; this
amount was calculated on the basis of a value of Euro 18.53
per share, as determined by the corporate division of the
Amsterdam Appeal Court.
EXPLANATORY NOTES
A. GENERAL INFORMATION
