2012 Annual Report - Italcementi Group

the company, savings shares have priority in the repayment of the share capital for the full nominal value.
The Company does not have outstanding stock option plans either for directors or for officers. However,
based on the assignments resolved in the last few years for the stock option plans in force from time to
time, cancelled for the unexecuted portion, as at the date hereof 960,900 options on the stock option plan
for directors – 2001, 2,269,316 options on the stock option plan for officers – 2000 and 1,564,750 options
on the stock option plan for officers – 2008 are exercisable. Outstanding options granted to directors can
only be exercised through assignment to the recipients of treasury shares, while those granted to officers
can also be exercised through the execution of the power, recognized to directors, to increase the share
capital.
No additional categories of financial instruments granting rights to subscribe newly issued shares, other
than the above mentioned options, have been issued by the Company.
b) Restrictions on share transfers
No restrictions exist on share transfers or on acceptance clauses.
c) Significant shareholders as disclosed pursuant to article 120 of the Italian TUF (i.e. consolidated law
on finance)
Shareholder
Total
No. Shares
% of share capital
overall
ordinary
EFIPARIND B.V. (indirectly through Italmobiliare S.p.A.)
This figure does not take into account the 3,793,029 treasury shares
with voting rights held by the Company
FIRST EAGLE INVESTMENT MANAGEMENT LLC
(as manager, among other things, of the “First Eagle Global
Fund” which holds 2.188% of the ordinary share capital)
106,734,000 37.78 60.26
3,932,129 1.39 2.22
ITALCEMENTI S.p.A. (treasury shares) 3,793,029 1.34 2.14
d) Shares that confer special control rights
No shares conferring special control rights have been issued.
e) Shareholding of employees: mechanism for exercise of voting rights
There is no specific system for employees to have shareholdings.
f) Restrictions on voting rights
The By-laws do not provide for restrictions on the exercise of voting rights.
g) Agreements among shareholders, pursuant to article 122 of the Italian TUF, of which the company is
aware
As far as the Company is aware, there are no agreements of any kind regarding the exercise of voting rights
and the transfer of such shares or any of the situations envisaged by art. 122 of TUF.
h) Significant agreements which the company or its subsidiaries are parties to, that would become
effective, be modified or expire should there be a change in the control of the company and their
effects, and By-laws provisions on takeover bid
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Within the policy aimed at supporting its business and development, Italcementi and its subsidiaries have
entered into loan agreements, some of which grant to the lender the right, in case of a change of control of
the Company, to terminate the loan agreement in advance and have the consequent right to demand