Change in the structure of Nexans' share capital
The floating part of the share capital is now 100% (except for treasury stock)
Paris, March 16, 2005 - Further to the investment operation of today, the whole of Alcatel's shareholding in Nexans has been acquired by French and foreign investors.
" The success of this operation shows the interest of investors in the development of Nexans and their confidence in the potential for growth of the share, said Gérard Hauser, Chairman and CEO. The significant increase in the floating part of the share capital should boost the market for our shares."
The breakdown of Nexans' share capital, made up of 23.1 million shares, is now as follows*:
|- institutional shareholders:||
|- individual shareholders and employees:||
|- treasury stock:||
|- non identified shareholders:||
*(estimated % of share capital holdings at March 16, 2005)
Nexans is the worldwide leader in the cable industry. The Group brings an extensive range of advanced copper and optical fiber cable solutions to the infrastructure, industry and building markets. Nexans cables and cabling systems can be found in every area of people's lives, from telecommunications and energy networks, to aeronautics, aerospace, automobile, railways, building, petrochemical, medical applications, etc. With an industrial presence in 29 countries and commercial activities in 65 countries, Nexans employs 20,000 people and had sales in 2004 of euros 4.9 billion. Nexans is listed on the Paris stock exchange. More information on www.nexans.com