Shareholding & changes in share capital
Industrie De Nora has been listed on Euronext Milan since June 30th, 2022.
Industrie De Nora S.p.A. share capital amounts to euro 18,268,203.90 represented by 201,685,174 shares, without indication of nominal value.
# shares | |
|---|---|
Total of which: | 201,685,174 |
Ordinary shares | 61,288,237 |
Multiple vote shares1 | 140,396,937 |
1. Owned by the shareholders Federico De Nora, Federico De Nora SpA, Norfin SpA and Asset Company 10 Srl. Multiple-vote shares are not admitted to trading on Euronext Milan and are not counted in the free float and market capitalization value. Multiple voting shares give 3 votes at the shareholders' meeting.
Shareholder composition
* 100% of Asset Company 10 S.r.l. shares (16.59%) are owned by Snam.
** Management refers to executives with strategic responsibilities (DIRS) and the Company's directors (other than DIRS and Federico De Nora).
Relevant participations
(owning more than 5% of Industrie De Nora shares, on the basis of the information available and communications received pursuant to Art. 120 TUF).
Updated September 29, 2026.
| % voting rights | # shares |
|---|---|---|
Federico De Nora S.p.A. | 55.35% | 89,347,527 |
Norfin S.p.A. | 7.17% | 11,660,263 |
Asset Company 10 S.r.l. | 20.80% | 33,455,076 |
Shareholders & voting rights
| # shares | % | % voting rights |
|---|---|---|---|
Federico De Nora S.p.A. (multiple vote shares) | 88,847,684 | 44.05% | 55.24% |
Federico De Nora S.p.A. (ordinary shares) | 499,843 | 0.25% | 0.10% |
Federico De Nora (multiple vote shares) | 6,619,560 | 3.28% | 4.13% |
Norfin S.p.A. (multiple vote shares) | 11,474,617 | 5.69% | 7.13% |
Norfin S.p.A. (ordinary shares) | 185,646 | 0.09% | 0.04% |
De Nora Family | 107,627,350 | 53.36% | 66.64% |
Asset Company 10 S.r.l. (multiple vote shares) | 33,455,076 | 16.59% | 20.80% |
Management (ordinary shares)2 | 1,673,117 | 0,83% | 0.35% |
Treasury shares3 | 2,887,936 | 1.43% | 0.60% - suspended |
Other institutional and retail investors | 56,041,695 | 27.79% | 11.62% |
TOTAL | 201,685,174 | 100,00% | 100,00% |
2. Data at 31 December 2025
2. Data at 30 June 2026
Via Leonardo Bistolfi, 35
20134 Milan Italy
+39 02 21291
industriedenora@denora.com
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Copyright © 2009/2026 Industrie De Nora S.p.A.
Share capital € 18.268.203,90 Fully paid up - Company registration number MI / VAT 03998870962 - REA number MI - 1717984