- At a Glance
- Financial Statements
- Other Information
On 20 January 2015 GrandVision BV issued 241,721,553 ordinary shares and on 5 February 2015 the priority share was converted into 100 ordinary shares. As a result the issued share capital currently amounts to 254,443,840 ordinary shares.
On 5 February 2015 GrandVision BV was converted into GrandVision N.V. Up to that time GrandVision BV remained in existence.
On 6 February 2015, GrandVision N.V. listed its shares via an Initial Public Offering (“IPO”) on Euronext Amsterdam and since that day, the shares are trading under the symbol “GVNV”.
At settlement of the IPO, on 10 February 2015, the Company drew an additional amount under the revolving credit facility, sufficient to finance the purchase of 2,500,000 offer shares from the selling shareholder at the offer price for a total amount of €50 million in order to hedge the price risk of the grants made under long-term incentive plans.
As per publication date of the 2014 annual report of GrandVision, 20.95% of the issued and outstanding share capital was held by institutional and retail investors with the rest held by HAL Optical Investments B.V. (76.72%), GrandVision’s Management Board and certain members of senior management (1.35%). The remaining shares (0.98%) are held by GrandVision in treasury.
The stock exchange listing is considered a logical next step in GrandVision’s development, given its current profile and level of maturity. The listing increases the Group’s business profile with customers, business partners and investors. It further supports the success of its international expansion, particularly in emerging markets, and further improves its ability to attract highly talented individuals. The listing also provides additional financial flexibility and diversity through access to capital markets.