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IGLI is a privately-held company and its shares are not listed.
IGLI’s privately-held shares have no indication of nominal value.
The share capital of IGLI is Euro 1,500,000,000 (one billion five hundred thousand point zero zero), divided into 7.500.000 ordinary shares (single class).
As of December 31 2020, the share capital is fully paid-up.
IGLI is owned by Etablissement Financiere de Participations Industriels B.V. & CIE SCPA, a holding company based in Luxembourg and controlled indirectly by the Vergara Poeti-Marentini family.
IGLI does not have a specific dividend policy, but still provides recurring dividends to shareholders.
Please refer to our Media Centre for a complete list of past and recent news.
In order to subscribe to receive email updates after the publication of press releases or documents (i.e. financial reports and presentations), please refer to Email Alert.
Please note that you can also cancel your subscription anytime by selecting the option ‘Unsubscribe’ at the bottom of the email page.
Please refer to Corporate Calendar.
IGLI presentations can be requested with the Press Office.
Please note that IGLI follows a sustainable print policy and no printed copies are available for shipping via postal mail from our offices.
As a 100% privately-held company, IGLI doesn’t have an Investor Relations area, but if you have a question which is not covered by the information in this FAQ section or elsewhere on the website, please send us a message through our contact form.
Each year, though no later than in the month of June, an annual general meeting of shareholders will be held.
Other general meetings of shareholders will be held whenever the Board of Directors deems such to be necessary.
The agenda of the general meeting will include the following subjects for discussion or voting:
a) discussion of the board report;
b) discussion and adoption of the annual accounts;
c) dividend proposal (if applicable);
d) appointment of Directors;
e) appointment of an External Auditor;
f) other subjects presented for discussion or voting by the Board of Directors and announced with due observance of the provisions of the Articles of Association, as for instance (i) release of Directors from liability; (ii) discussion of the policy on reserves and dividends; (iii) authorization of the Board of Directors to issue shares; and/or (iv) authorization of the Board of Directors to resolve to acquire own shares.
Attendance requirements are published under the document ‘Notice of Annual General Meeting’ which can be found at our Media Centre.
IGLI publishes its financial results on an annual basis. IGLI’s fiscal year is based on the calendar year. The last day of the fiscal year is December 31.
Please refer to Corporate Calendar for publication dates.
IGLI only holds online financial results for fiscal exercises since December 31 2017. You can refer to these archived Highlights by browsing in the Menu > Financial > Highlights Archive.
The total asset value is determined by using the following valuation criteria:
– equity investments in listed companies are valued on the basis of the arithmetic average of the closing prices, in the 20 trading days prior to the valuation date;
– equity investments in unlisted companies are valued at the purchase cost in the 12 months following acquisition. Subsequently, the equity investments are valued at the carrying value or the value corresponding to the pro-rata equity, referring to the last statement of financial position available at the valuation date;
– investment properties are valued at market value, as determined by third-party and internal appraisals;
– the Net financial indebtedness includes the financial payables of the Parent Company and the 100% owned holdings net of cash and cash equivalents and liquid financial investments at the valuation date;
– assets and liabilities denominated in foreign currency are converted at the exchange rate at the date of determination of the Net Asset Value.
Shortened Consolidation data is prepared by IGLI on the basis of a “shortened” method of consolidation. The subsidiaries of the Holdings System are consolidated line-by-line, while the operating subsidiaries and affiliates are consolidated using the equity method.
IGLI believes that these data and information facilitate the analysis of the financial position and the results of IGLI; in addition the shortened consolidation method is recognized by the financial community, by financial counter parties and by the rating agencies.
IGLI’s assigned credit rating by Standard & Poor is:
Long-term: BBB+
Short-term: A-2
Outlook: Stable
Rating confirmed on: 27 May 2020
IGLI is an Italian-Dutch company with its registered office and headquarters in the isle of Jersey (United Kingdom).
IGLI’s Board of Directors composition can be found at Board of Directors.
Information on the Audit Committee, on the Compensation and Nominating Committee and on their members can be found in the Menu > Governance.
Etablissement de Financement et de Participation Industriels B.V. & CIE SCPA is the largest shareholder of IGLI through its 95% shareholding interest in IGLI’s issued capital, while Financiere de Participations Internationales holds 5% of shares in usufruct.
IGLI has a Corporate Team that covers all functions ranging from finance, treasury, governance, accounting and communications.
IGLI has a team overseeing the portfolio of IGLI companies, a Financial Investments team overseeing a portfolio of equity stocks and Seeds, overseeing venture capital investments.
Please refer to Management for more information.
Please refer to Profile for more details regarding IGLI’s approach as an active owner and investor.
Please refer to Profile to learn more about IGLI’s purpose and values. Please refer to ESG for more information regarding the initiatives supported by IGLI, like The Youth First foundation.
IGLI’s independent auditor is Deloitte & Touche.
© 2024 IGLI. Share Capital €1.500.000.000 fully paid-up
