Notice of change in share capital
(pursuant to Article 85-bis, paragraph 1, of the Regulation adopted by Consob Resolution No. 11971 of May 14, 1999, as amended)
Milan, June 23, 2025
Saipem S.p.A. (“Saipem”) hereby announces the new composition of its share capital: today, the mandatory conversion has become effective, and all 1,059 savings shares have been converted into 74,130 ordinary shares. The mandatory conversion had been approved by Saipem Extraordinary Shareholders' Meeting and the Special Meeting of Savings Shareholders (for matters under their respective responsibility) on May 8, 2025 (the "Mandatory Conversion"), which resulted in the allotment to the entitled Shareholders of 70 new Saipem ordinary shares for each savings share they held and the delisting of the savings shares from Euronext Milan as of today's date.
Following the Mandatory Conversion, the Company's share capital amounts to € 501,669,790.83, comprised of 1,995,631,862 ordinary shares with no par value.
The table below shows the composition of the share capital as of today's date, and the previous share capital.
|
|
Updated situation |
Previous situation |
Variation |
||||||
|
|
Euro |
Number of shares composing the share capital |
Nominal value |
Euro |
Number of shares composing the share capital |
Nominal value |
Euro |
Number of shares |
Nominal value per unit |
|
Total, of which: |
501,669,790.83 |
1,995,631,862 |
Shares with no par value |
501,669,790.83 |
1,995,558,791 |
|
0 |
73,071 |
Shares with no par value |
|
Ordinary shares (ISIN: IT0005495657 regular enjoyment 01.01.2025) current coupon number: 2) |
501,669,790.83 |
1,995,631,862 |
Shares with no par value |
501,646,818.71 |
1,995,557,732 |
Shares with no par value |
22,972.12 |
74,130 |
Shares with no par value |
|
Savings shares |
0 |
0 |
Shares with no par value |
22,972.12 |
1,059 |
Shares with no par value |
22,972.12 |
1,059 |
Shares with no par value |
The revised text of the Articles of Association was filed today with the Companies' Register of Milan, Monza-Brianza, Lodi and is available, also with evidence of the amendments, at the Company's registered office, on the Company's website (www.saipem.com | section "Governance" - "Documents"), via the authorised "eMarket STORAGE" system (www.emarketstorage.com) and on the website of Borsa Italiana S.p.A. (www.borsaitaliana.it).
Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. Saipem is “One Company” organized into business lines: Asset Based Services, Drilling, Energy Carriers, Offshore Wind, Sustainable Infrastructures, Robotics & Industrialized Solutions. The company has 6 fabrication yards and an offshore fleet of 17 construction vessels owned and 14 drilling rigs, of which 9 owned. Always oriented towards technological innovation, the company’s purpose is “Engineering for a sustainable future”. As such Saipem is committed to supporting its clients on the energy transition pathway towards Net Zero, with increasingly digital means, technologies and processes geared for environmental sustainability. Listed on the Milan Stock Exchange, it is present in more than 50 countries around the world and employs about 30,000 people of over 130 nationalities.
Website: www.saipem.com
Media Relations
E-mail: media.relations@saipem.com
Investor Relations
Alberto Goretti - Head of Investor Relations and Rating Management
E-mail: investor.relations@saipem.com
Phone number: +39 0244231
Contact point for retail investors
E-mail: segreteria.societaria@saipem.com
pdf - 06-2025