CONSOLIDATED MANAGEMENT REPORT 13
SHARES AND SHAREHOLDERS
The share capital of NH Hotel Group, S.A. at the end of 2014 comprised 350,271,788 fully subscribed and paid-up bearer shares (308,271,788 shares in
2013) with a par value of two euros each.
The capital increase of the Parent Company, approved by the Board of Directors in its meeting of 14 April 2014, was registered and finalised on 30 June
2014. With this increase, NH Hotel Group acquired a 44.5% stake in NH Italia from Banca Intesa, thus bringing its holding in NH Italia to 100%.
All these shares carry identical voting and economic rights and are traded on the Continuous Market of the Spanish Stock Exchanges.
This capital increase was fully subscribed and paid up, and involved the issue of 42 million new shares at the price of €4.70 each, with the capital
consisting of 350.3 million shares.
According to the latest notifications received by the Company and the notices given to the Spanish Securities Market Commission before the end of
every financial year, the most significant shareholdings at 31 December 2014 were as follows:
In January 2015, Intesa San Paolo through UBS Limited transferred 100% of its shares in NH Hotel Group, S.A. to a group of accredited investors, and
therefore at the date of drafting these Annual Accounts Intesa San Paolo is no longer a Company’s shareholder.
On 17 January 2014, Banco Financiero y de Ahorros, S.A. informed the Spanish Securities Market Commission of the sale of 38,834,034 shares,
representing its 12.6% stake in NH Hotel Group, S.A.
NH Hoteles, S.A.’s average share price listing was €4.28 per share (€3.52 in 2013). The lowest share price of €3.06 per share (€2.20 in March 2013) was
recorded in October and the highest share price of €5.26 per share in March (€4.43 in December 2013). The market capitalisation of the company at
the close of 2014 stood at €1,392.33 million (€1,320.94 million in 2013).
At year end, NH Hotel Group held 9,359,003 treasury shares representing 2.67% of its share capital at a total cost of €38,821 thousand. On 4 November
2013, the Spanish Securities Market Commission was informed of the loan of 9,000,000 shares from the total number of treasury shares to three
financial entities that were involved in the placement of bonds convertible or exchangeable into the shares of NH Hotel Group, S.A. in the amount of
€250 million; The purpose of this loan was to allow those financial entities to offer the shares to subscribers of the bonds requesting them.
2014
2013
HNA Group Co Limited
29.50%
20.00%
Grupo Inversor Hesperia, S.A.
9.24%
20.07%
Banco Santander, S.A.
8.57%
-
Intesa Sanpaolo, S.p.A.
7.64%
4.52%
UBS Group AG
2.01%
-
Blackrock Inc.
2.31%
5.62%
Fidelity International Limited
0.96%
1.47%
Banco Financiero y de Ahorros, S.A.
-
12.60%
Pontegadea Inversiones, S.L.
-
4.06%
Shares allocated to cover the Employee Remuneration Plan
0.10%
-
Shares owned by NH employees
0.07%
0.12%
