At 31 December 2022, A2A share capital amounts to 1,629 million euros, divided into 3,132,905,277 shares with a par value of 0.52 euro each. All shares are voting shares, although - as laid down in art. 9 of by-laws - no individual shareholder other than the Municipality of Milan and the Municipality of Brescia may hold an equity interest exceeding 5% of the share capital. Should such ceiling be exceeded, the voting right attached to the shares held in excess of 5% of the share capital may not be exercised.
On 29 April 2021 A2A Shareholders’ Meeting confirmed the purchase and disposal of treasury shares. A2A currently didn’t holds own shares.
| 31 december 2022 | 31 december 2021 | |
|---|---|---|
| Municipality of Brescia | 25% | 25% |
| Municipality of Milan | 25% | 25% |
| Other municipalities | 4.6% | 1.8% |
| Market | 45.4% | 48.2% |
After 31 December 2021 no changes in relevant shareholders (stakes higher than 3% of the share capital) have occurred
| Cluster | Number of shareholders | % | Number of ordinary shares | % |
|---|---|---|---|---|
| 1 - 100 | 2,872 | 4% | 136,382 | 0.0% |
| 101 - 500 | 9,294 | 12% | 3,696,623 | 0.1% |
| 501 - 1,000 | 14,087 | 19% | 13,274,235 | 0.4% |
| 1,001 - 5,000 | 31,908 | 42% | 88,831,074 | 2.8% |
| 5,001 - 10,000 | 8,773 | 12% | 68,616,398 | 2.2% |
| 10,001 - 50,000 | 7,147 | 9% | 155,389,251 | 5.0% |
| 50,001 - 100,000 | 800 | 1% | 58,420,506 | 1.9% |
| 100,001 - 500,000 | 661 | 1% | 141,197,273 | 4.5% |
| 500,001 - 1,000,000 | 137 | 0% | 96,027,891 | 3.1% |
| 1.000.001 - 99,999,999,999 | 200 | 0% | 2,507,165,643 | 80.0% |
| Totale | 75,879 | 100% | 3,132,755,276 | 100% |
A2A has about 76,000 shareholders, divided between institutional investors and retail investors. The institutional investors (investment funds and other financial institutions) hold about 30% of the share capital. 44% of the free float in the hands of institutional investors is held by US investors, 21% by British investors, 16% by Italian investors, 6% by French investors and 4% by German investors. Approximately 30% of the shares held by institutional investors are in funds that integrate ESG analyses into their investment processes.
There are approximately 75,000 retail investors (natural persons and legal entities in this category), holding 15% of the share capital. Almost all of the retail shareholding is resident in Italy, and in particular 58% in Lombardy. The investors residing in the provinces of Milan and Brescia hold 26% and 14%, respectively, of the total retail1 .
The data were prepared on the basis of the Shareholders' Register updated as of the dividend distribution date (May 25, 2022), communications received pursuant to Article 120 of the Consolidated Finance Act and other available information.
For further information about the shareholders that hold, directly or indirectly, a significant stake in the company (i.e., more than 3% of the share capital), please visit the Consob website
| Year | Number of shares |
Nominal value (€) |
Total amount (€) |
Treasury shares |
% of share capital |
|---|---|---|---|---|---|
| 2021 - 2022 | 3,132,905,277 | 0.52 | 1,629,110,744 | 0 | 0.00% |
| 2016 - 2020 | 3,132,905,277 | 0,52 | 1,629,110,744 | 23,721,421 | 0.76% |
| 2009 - 2015 | 3,132,905,277 | 0.52 | 1,629,110,744 | 26,917,609 | 0.86% |
| 2008 | 3,132,905,277 | 0.52 | 1,629,110,744 | 47,434,850 | 1.51% |
From 2008 to 2022 (current date) neither changes in share capital nor stock splits have occurred
With reference to year 2022, the Board of Directors proposed that Shareholders' Meeting approves the distribution of a dividend equal to 0.0904 euro per share (corresponding to approximately € 283 million of total dividends).
Entirely taken from 2022 A2A S.p.A. net income.
The Strategic Plan 2021-2030 Update confirms the targets of dividend distribution to shareholders:
Useful resources
Services
A2A S.p.A. - P.I. 11957540153