FREQUENTLY ASKED QUESTIONS

Exor shares are listed on the Euronext Amsterdam and trade under the ticker symbol EXO.

Please refer to Share info for information on share price data.

Please refer to Share buyback for more information.

Exor does not have a specific dividend policy, but still provides recurring dividends to shareholders.

EXOR N.V. is a company incorporated in the Netherlands and is therefore subject to Dutch tax regulations.

Dividends distributed by EXOR N.V. are subject to Dutch dividend withholding tax at the standard statutory rate applicable under Netherlands tax law. As Exor is unable to provide individual tax advice, it strongly recommends consulting a qualified tax advisor or your local tax authority to understand the specific implications for your situation.

Please refer to the Ownership structure , which includes an overview of issued and outstanding shares.

Exor has adopted a loyalty voting structure designed to incentivise long-term share ownership, on the basis of which for each Exor ordinary share held consequently for a period of five years, shareholders will be entitled to five voting rights at the end of that period (giving entitlement to Special Voting Shares A), and for each Exor ordinary share held without interruption for a period of ten years, shareholders will be entitled to ten voting rights at the end of that period (giving entitlement to Special Voting Shares B).

For more information please refer to the Special voting shares section.

Please refer to Press Releases 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 sign up via Email Alert.

Please note that you can also cancel your subscription anytime by selecting the option ‘Unsubscribe’ at the bottom of each email alert. 

Please refer to Corporate calendar.

Exor organises an Investor and Analyst Call in March to discuss full-year results with the Exor leadership team, and a half-year results call in September, led by the CFO, to review Exor's mid-year performance. 

Further information can be found at Events and Presentations.

Yes, the Investor and Analyst Call has a live webcast with replays generally available for 12 months.

Further details can be found at Events and Presentations.

Exor presentations can be found at Events and Presentations.

The Letter to Shareholders from Exor’s CEO is published annually.

Please refer to Letter to Shareholders to read the latest edition and to access the archive of past ones.

Exor's financial reports from 2016 are available at Financial Results.

Exor's financial reports prior to 2016 are available at Exor NV Archive

Exor's financial reports for the period 2009 to 2016 are available at Exor SpA Archive.

Financial reports prior to 2009, are available at IFI Archive and IFIL Archive.

Please note that Exor follows a sustainable print policy and no printed copies are available for shipping.

Please refer to Analyst coverage.

If you have a question which is not covered by the information in this FAQ section or elsewhere on the website, please email us at: ir@exor.com.

Further IR details can be found at Contacts.

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, without prejudice to the provisions of Sections 2:108a, 2:110, 2:111 and 2:112 of the Dutch Civil Code.

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.

For more information please refer to the Shareholders’ Meetings section.

Please check the attendance requirements by reading the document ‘Notice of Annual General Meeting’ which can be found at Shareholders’ Meetings.

Net Asset Value (NAV) is calculated as the sum of the total value of assets (Gross Asset Value or GAV) net of Gross Debt (notes and bank debt plus financial liabilities) and other liabilities.

Exor's GAV is the sum of the following components of the portfolio: 

• Companies (listed and unlisted)
• Lingotto
• Others
• Cash and cash equivalents

For further details on methodology and valuations, please refer to the Annual Report and Half Year Report available in Financial Results. 

Net Asset Value (NAV) is presented with the aim of aiding financial analysts and investors in forming their own assessments.

Exor aims to increase its NAV per share to outperform the MSCI World Index in the long-term.

Exor’s NAV per share evolution since inception (March 2009) can be found at Net Asset Value

For Exor's corporate credit rating from S&P Global Ratings, please refer to Rating & Outstanding Bonds.

Exor aims at keeping the Loan-to-value ratio below 15%, with the objective to preserve its investment grade rating.

For further details regarding the maturity profile and characteristics of Exor’s bond debt, please refer to Rating & Outstanding Bonds.

Exor is a Dutch company with its registered office and headquarters at Hildegard von Bingenstraat 38, 1081 LH Amsterdam, The Netherlands.

The composition of Exor's Board of Directors and their CVs can be found at Board of Directors.

Information on the Audit Committee, the Compensation Committee, the ESG Committee and their members can be found at Committees.

Exor is majority owned and controlled by Giovanni Agnelli B.V., the company grouping the descendants of Senator Giovanni Agnelli, the founder of FIAT.

For more information on the origins of Exor, please refer to History.

For more information about Exor's shareholders, please refer to Ownership structure.

Exor operates with a Corporate Team and a Companies Team. The Corporate Team covers all functions ranging from corporate finance, investor relations, treasury, legal, accounting and communications and is led by the Chief Financial Officer. The Companies oversees Exor’s investment in investee companies and is led by the Chief Companies Officer. 

The Chief Financial Officer and Chief Companies Officer directly report to the Chief Executive Officer.

For more information, please refer to People. 

Please refer to Approach. 

Please refer to Sustainability.

For Exor's remuneration policy, please refer to Corporate Regulations. 

Exor's independent auditor is Deloitte Accountants B.V.