IGD SiiQ

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Shareholders and financial community

Guidelines

 

  • Transparency and consistency in information disclosure towards market;
  • Protection of minority shareholders.

 

Features of the shareholder

 

The breakdown of IGD's shareholders shows 55% of capital held by the two majority shareholders, Coop Adriatica and Unicoop Tirreno. Another distinctive feature of the IGD's shareholder is the presence of more than 150 institutional investors, around 83% foreign.

 

Coop Adriatica Scarl 128,329,438 41.50%
Unicoop Tirreno 42,186,691 13.64%
IGD's treasury shares 10,976,592 3.55%
European Investors Inc. 15,162,491 4.90%
Axa Investment Managers S.A. 6,200,448 2.01%
Free float 101,223,982 33.94%
Total n° of shares 309,249,261 100.000%

 

The peculiarity of the SIIQ regime

 

Thanks to the strong concentration of its activities in the business of renting, in 2008 IGD could take the form of tax SIIQ, involving the IRES and IRAP exemption of business income and value of production resulting from rental, a status which then constantly maintained.

For IGD's shareholders, this makes the distribution required in the form of dividends, at least 85% of distributable profits deriving from exempt operations.

 

  2010 2009 2008
Dividend per share (€ cent) 0.075 0.050 0.035
Dividend yield (%) 5.14% 3.21% 3.35%
Total dividends distributed (€ million) 22.37 14.91 10.44

 

Relations with financial community

 

During 2010 the IGD stock has been covered by 9 broker, as in 2009.

The Company has intensified its activities for the presentation and meeting with investors, particularly abroad, and maintained an open and constructive dialogue with all stakeholders of the financial market.

In the relationship with financers IGD delivered on its commitment made ​​in the Strategic Plan not to exceed the threshold of gearing of 1.5 and was able to keep the cost of debt stable at very low levels.

 

  2010 2009
Gearing ratio 1.31 1.37
Average cost of debt 3.53% 3.53%
 

 
 
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