representing around 152 million shares, around 19% of total share capital and 34% of free float.
To organize such meetings, Italgas could count on the support of
12 different brokers
that were pan-European for the most part.
Apart from roadshows, Italgas had a number of additional occasions for meeting and dialoguing with investors. Besides the Annual Shareholders Meeting, Italgas organized presentations and webcasts for the approval of the 2019-2025 Business Plan and the release of 2018 full-year and 2019 quarterly results.
As a whole, 790 shareholders attended the Annual General Meeting, together representing 78.26% of the Company’s share capital; among them, 70 were institutional investors.
The conference calls for the presentations of the Business Plan and the quarterly results on average had 30 to 40 investor connected.
Concerning the relationship with the sell-side, in 2019, the Italgas stock could count on a broad coverage from analysts, even more valuable when compared with the coverage of stocks with comparable market capitalizations.
They are the following 21 brokers: