Tiscali 2008 Annual Report Download - page 28

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•In March, OFCOM published a declaration on the SLAs
and on the Openreach SLGs improving the structure by
means of which the performance of the service is gauged
and the compensation for breach of contract is made to
the customers concerned.
•The debate continued during the year, participated in by
OFCOM, BT and sector operators, on the formalities by
means of which the principles of equivalence must be
applied to access products and new generation networks.
Work continued so as to establish what will be required
in order to guarantee the transposition of the prescriptive
norms to the new technologies and the protection of the
competitive context.
4.3 Tiscali shares
Tiscali shares have been listed on the Italian Stock Exchange
(Milan: TIS) since October 1999. At 30 December 2008, market
capitalization came to EUR 437.5 million, calculated on the
value of EUR 0.7096 per share as of that date.
On 31 December 2008, the number of shares representative of
the Group’s share capital came to 616,545,485.
Tiscali’s shareholder base at 30 December 2008 is illustrated
below:
The graph below illustrates the Tiscali stock trend during 2008,
characterized by sustained trading volumes, in particular in
the period April-June.
The value of the Tiscali shares, at 27 March 2009, date of the
Board meeting which approved the draft financial statements,
came to EUR 272.4 million.
REPORT ON OPERATIONS
27
SOURCE: TISCALI
FIG. 4.6 – TISCALI SHARES
FIG. 4.7 – TISCALI SHARE PERFORMANCE IN 2008
67% FREE FLOAT
20% RENATO SORU
6% SANDOZ FAMILY FOUNDATION
7% MANAGEMENT & CAPITALI
3.00
2.50
2.00
1.50
1.00
0.50
100,000,000
80,000,000
60,000,000
40,000,000
20,000,000
0
Jen-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08
SOURCE: BLOOMBERG DATA PROCESSING
PRICE VOLUMES