EXOR is a responsible owner, combining its entrepreneurial approach with a sound financial discipline. It focuses on the development of its companies, improving their competitive position and profitability. It maintains a constant dialogue with the management of the companies in which it invests, while fully respecting their operating autonomy.
The criteria that direct EXOR’s investment choices are:
1) People: talented and professional managers with successful track record who take part in the creation of value “thinking and acting as owners”.
2) Economic and financial results: companies who have demonstrated a consistent cash flow and earnings generation, with a sound balance sheet.
3) Competitive position: companies with a long-term sustainable competitive advantage who are “best in class” or who are able to become the best.
4) Governance: participation on Boards of Directors in order to monitor and contribute to the development of the company.
NET ASSET VALUE (NAV)
|Cash and cash Equivalents||4,393||175||(4,218)|
|Gross Asset Value||16,292||16,168||(124)|
|Net Asset Value (NAV)||13,355||12,073||(1,282)|
Share capital - Ordinary Shares
Board of directors
Annemiek Fentener Van Vlissingen
Jae Yong Lee
Antonio Mota De Sousa Horta-Osorio
Honorary Chairmen (not board members)
April 5, 2017 Board of Directors
May 30, 2017 Annual General Shareholders’ Meeting
August 31, 2017 Board of Directors
January 27, 2014 - 2014 Corporate Events Calendar
The EXOR Corporate Events Calendar for 2014 is the following:
: Board of Directors’ Meeting of EXOR S.p.A. for the approval of the consolidated financial statements and the draft separate financial statements at December 31, 2013
: Board of Directors’ Meeting of EXOR S.p.A. for the approval of the interim financial statements at March 31, 2014
: Annual General Stockholders’ Meeting of EXOR S.p.A. for the approval of the separate financial statements at December 31, 2013
: Board of Directors’ Meeting of EXOR S.p.A. for the approval of the first-half report at June 30, 2014
: Board of Directors’ Meeting of EXOR S.p.A. for the approval of the interim financial statements at September 30, 2014
Any changes will be disclosed to the market on a timely basis.
December 17, 2013 - Repurchase and partial cancellation of Notes
Following the purchase on the market of a portion of its outstanding 5.375% Notes due 2017, listed on Luxembourg Stock Exchange (amount issued €750 million, ISIN: XS0300900478), EXOR announces that on the date hereof it has procured the cancellation of a notional amount of Notes equal to €60 million.
As a result of the cancellation, the outstanding aggregate notional amount of the Notes is now €690 million.