Following the listing of its shares in an Initial Public Offering (IPO) on 6 February 2015, GrandVision shares are traded on Euronext Amsterdam with the ticker ‘GVNV’, and the company is a constituent of the Amsterdam Midkap Index® (AMX). At the end of 2020, HAL Optical Investments B.V. held 76.72% of the shares in GrandVision, while 0.03% were held by the Management Board. The shares held in treasury (0.27%) enable the company to hedge price risks relating to grants made under long-term incentive plans. Since the IPO, the remaining shares in GrandVision are held by a number of institutional and retail investors across several jurisdictions.
On 1 July 2021, the transaction between EssilorLuxottica SA (Euronext: EL) and HAL for the sale of HAL’s 76.72% interest in GrandVision closed. As from this date EssilorLuxottica became GrandVision’s majority shareholder holding 76.72% of the shares. A mandatory cash public offer will start for all outstanding shares in GrandVision, in accordance with the applicable Dutch public offer rules.
Shareholders holding more than 3% equity
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, on 1 July 2021, the following shareholder has disclosed that it owns more than 3% of GrandVision’s total share capital:
As from 1 July 2021, EssilorLuxottica SA holds 76.72% of the shares in GrandVision, while 0.03% are being hold by the Management Board. The shares hold in treasury (0.27%) enable the company to hedge price risks relating to grants made under long-term incentive plans. The free float accounts for 22.98% of the shares.