PARENT COMPANY >
DIRECTORS’ REPORT
SIgNIFICANT EVENTS
DURINg THE YEAR
During 2012 the capital of Prysmian S.p.A. was increased
through the issue of 115,300 ordinary shares following the
exercise of options under the stock option plan 2007-2012.
The total number of shares at 31 December 2012 was
214,508,781 (including 3,028,500 treasury shares). The
total number of outstanding shares with voting rights
was 211,469,612, stated net of 10,669 treasury shares held
indirectly.
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 S.p.A. 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.
On 5 March 2012, Prysmian Cavi e Sistemi S.r.l and Prysmian
S.p.A. respectively acquired 99.99% and 0.01% of the shares
in Jaguar Communication Consultancy Services Private Ltd, an
Indian company formed on 31 January 2012.
On 3 May 2012, Prysmian S.p.A. repaid the Credit Agreement
entered into on 18 April 2007, under which an initial amount
of Euro 100 million in credit had been made available to the
Company.
Prysmian S.p.A. repaid the remaining balance of Euro 67
million on the Term Loan Facility.
On 3 May 2012, this credit agreement was replaced with the
activation of the Forward Start Agreement (now termed
Credit Agreement 2010) previously signed by the Group on 21
January 2010 with a pool of major national and international
