PARENT COMPANY >
FINANCIAL STATEMENTS AND EXPLANATORY NOTES
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 was formed on 12 May 2005
and has its registered office in Viale Sarca, 222 - Milan (Italy).
The Company holds directly or indirectly, through its control
of the sub-holding companies Prysmian Cavi e Sistemi S.r.l.
and Draka Holding N.V. (acquired on 22 February 2011), the
equity interests in the Prysmian Group’s operating companies.
The Company and its subsidiaries produce, distribute and sell
cables and systems and related accessories for the energy and
telecommunications industries worldwide.
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.
Significant events during the year
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
