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Shareholding Structure

Following a number of mergers, the share capital reached 1,115,013,754 ordinary shares with a par value of one euro each.

Hera’s shareholding structure is unique in the Italian sector, with a shareholding spread among more than 190 public institution shareholders from the reference area that hold a total of about 62% (51% of which is bound by a shareholders’ agreement), over 400 Italian and foreign professional investors and over 21,000 private shareholders.

 

 
Shareholding Structure

Since 2006, Hera has adopted a plan to buy back treasury shares up to a maximum of 15 million shares for a total amount up to Euro 60 million. The purpose is to finance a possible opportunity to integrate small companies and to normalize any abnormal fluctuations in the list price compared to the list prices of principal domestic competitors. The Shareholders’ Meeting of 30 April 2010 renewed the treasury share purchase plan for another 18 months, up to a total amount of Euro 60 million. As at 30 June 2010, Hera held about 3,452,784 treasury shares in its portfolio.

 
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