Retail shareholders

We are the leading natural gas distributor in Italy, with a group market share of 35%, and the third largest in Europe (by number of PDRs including subsidiaries). Gas arrives in people’s homes and to companies, to whom it is sold by sales companies operating on our network network. We are present in major Italian cities including Turin, Rome, Naples and Venice. We operate in a regulated sector, which gives us great visibility on revenues and returns.

Italgas has a 180-year history, 3,966 employees and 2021 revenues of EUR 1.37 billion. Our main shareholders are the Cassa Depositi e Prestiti, with 26% of the capital, and the Snam group, with 13.5%.

The focus on sustainability issues, in all their aspects, is an integral part of our strategies and actions. We are convinced that gas infrastructures will play a major role in the energy transition towards decarbonisation of the economy and consumption, as future carriers of renewable gases such as hydrogen, biomethane and synthetic methane.

We are committed to active and constructive communication with all our shareholders, to share with our investors the strategic actions and visions underlying the management of our company. Since our return to the stock market on 7 November 2016, we have carried out activities to foster and encourage dialogue, not only with institutional investors but also with retail shareholders, through our website, social channels and the company secretariat corporate secretariat and the investor relations team. In this context, the Board of Directors has adopted a “Policy for the management of dialogue with shareholders in general”.

We are listed on the MTA of the Italian Stock Exchange. Italgas S.p.A was created from a demerger of the Snam group in 2016 and made its return to the stock market on 7 November 2016. Since that date and until 30 December 2020, the total shareholder return, between share price growth and dividends paid, has exceeded 56%.