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05
MARCH 2014
Abroad we reached 74%
of our turnover which
confirms the deep change
of the Group’s profile,
today a consolidated
multinational.
and standardization of the Group’s sector
and corporate policies.
That has proved to be the challenge for
the coming years. Adapt our reality, as
an organization, to a constantly-changing
Group.
The organization must serve our current
reality, enhancing the Group’s multimarket
and multi-business growth.
The Group’s very positive performance
has not gone unnoticed in the capital
market, with its share constantly breaking
appreciation records, being the most
appreciated stock in the PSI 20 in 2013 and
one of the most appreciated of the main
European indexes.
Aware of this reality, the Group, with the
reference shareholder, enabled a private
placement of about 34 million shares,
almost 17% of the Group’s share capital,
so that the free-float would increase to the
current nearly 44%.
The operation was a success, with the
demand doubling the stock offer, and today
we see a greater liquidity, contributing to a
wider and diversified shareholder base.
On the other hand, and also with the
shareholders’ approval at General
Meeting on 27 December, the distribution
of a conditioned and in kind dividend
representing 20% of the share capital of
our subsidiary which congregates the
assets and activities in the African region,
operation prior to its listing in a European
regulated market, was approved.
This operation, which we intend to hold
during the second quarter of this year,
given the quality of the assets and its
unprecedentedness, is already raising
great attention frommarkets and investors’
communities.
This operation, important in terms of the
Group’s presence in the capital market,
will also demand from the organization
flexibility and maturity which, surely, we
will meet successfully and efficiently, but
enclosing itself another step towards our
Group’s change and evolution.