Following the completion of the IPO, GrandVision’s majority shareholder continues to be HAL with 76.72% of the shares as of the publication date of the 2014 Annual Report. GrandVision’s Management Board and senior management currently hold 1.35% of the shares. In the IPO, shares were offered to institutional and retail investors in the Netherlands and institutional investors in certain other jurisdictions. The listing significantly broadened GrandVision’s shareholder base, and GrandVision’s shares are widely spread over a large number of shareholders in various countries. In addition, GrandVision purchased in the IPO 0.98% of the shares to be held in treasury in order to hedge the price risk of grants made under long-term incentive plans.
Other >3% Shareholders as of 1 March 2015
Under Dutch law, shareholdings of 3% or more in any Dutch company must be disclosed to the Dutch Financial Markets Authority (AFM). According to the register kept by the AFM, at 1 March 2015, the following shareholder has disclosed that they own more than 3% of GrandVision’s total share capital:
HAL Optical Investments B.V.
The chart below provides an indicative overview of our shareholder structure as per publication date of the 2014 Annual Report.