Section II - Information on ownership structure
1. Structure of share capital and changes in shareholder structure and market capitalisation
The table below shows the structure of Snam’s share capital, which, as at the Report’s approval date, amounted to Euro 2,735,670,475.56, fully subscribed and paid-up, divided into 3,500,638,294 ordinary registered shares, with no nominal value.
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Share class |
No. of shares |
Proportion of share capital (%) |
Listing market |
Rights and obligations |
Ordinary shares with no nominal value |
3,500,638,294 |
100 |
Mercato Telematico Azionario |
The shares are indivisible, and each share entitles the holder to one vote. Shareholders may exercise corporate and ownership rights, subject to the limits set forth by the regulations in force and by the Bylaws |
As at 31 December 2016, the Company held 29,905,180 treasury shares, equal to 0.85% of the share capital. The floating capital was 68.52%.
The Company’s market capitalisation was Euro13,614 million as at 31 December 2016, compared with Euro16,973 million as at 31 December 2015, mainly due to the Demerger (based on an official price of Euro 3.9225 per share and a total of 3,470,733,114 shares in circulation).