shareholders

Terna SpA has been listed in the Italian Stock Exchange since June 2004. Its share capital totals 440,199,936 euro and is made up of 2,000,908,800 ordinary shares with a nominal value of 0.22 euro.
At the end of June 2008, TERNA’s relative majority shareholder was Cassa Depositi e Prestiti (a share company owned for 70% by the Ministry for Economy and Finance) which holds 29.99% of shares.
65% of the capital is Italian, while 35% is held by foreign funds. In particular:

Terna - Rete Elettrica Nazionale SpA is a major electricity transmissionElectricity transport and transformation activities along the interconnected high- and very high-voltage grid forthe purposes of delivery to customers, distributors, and recipients of self-produced energy. grid operatorThe natural or legal person who manages a power grid, also without owning said grid.. The name Terna derives from the three cables or groups of cables – i.e. “terna” in Italian – used to transport each of the three phases of the three-phase current in alternating current grids. Terna is an international Group and ranks as one of the world’s leading Transmission System Operators (TSOs) in terms of strategic assets. Its head office is in Rome, Italy. Most of its activities is in Italy and Brazil.

Share performance

From its initial listing (June 2004) to the end of December 2007, Terna SpA guaranteed its shareholders a 62.2% increase in share price – almost two times the appreciation of the S&PMib Index (+38.2%) – and a rise in capitalization of 2.1 billion euro: from the initial 3.4 billion to over 5.5 billion. 2007 ended with a price fixed at 2.758 euro per share and Terna’s shares registered an increase of 6.1%. The relative performance compared to the Italian market average rose to over 14% (S&PMib -8.2% and Mibtel -8.8%).

For Terna, the service targets are complementary to the economic performance targets. These two aspects can be summed up as the pursuit of operating efficiency and growth opportunities, while respecting service obligations and above all the safety of the Electricity System.

In Italy, Terna manages electricity transmissionElectricity transport and transformation activities along the interconnected high- and very high-voltage grid forthe purposes of delivery to customers, distributors, and recipients of self-produced energy. through a monopoly. As activities and revenues cannot be increased by expanding market shares, growth is chiefly pursued through the following:

Transparency and immediacy of information are at the basis of the relation between Terna and its institutional and individual investors. Through its Investor Relations and Corporate Affairs sectors, Terna has established constant and constructive dialogue with market operators and retail shareholders.

According to its nature, Terna’s activity has a considerable impact on the territory. As the owner of some Italy’s largest and most strategic infrastructures and of parts of transmission lines abroad, its presence is tangible, visible and is usually associated with the large steel electricity pylons crossing the territory and marking the landscape.

Syndicate content