Shareholder structure

The table below reflects the shareholding in Elia Group SA/NV, based on the transparency notifications received by the Company and after giving effect to the shares issued pursuant to the PIPE that was announced on 7 March 2025 (see press release) and closed on 26 March 2025 (see press release). As these figures are based on the transparency notifications, the information received by the Company and the shares issued in the PIPE, they may not accurately reflect the total number of shares actually held by such shareholders.

Shareholder  Types of Shares (3) Shares  % Shares  Voting rights
NextGrid Holding B and C 48,854,512(1) 44.79% 44.79%
Publi-T C 459,013 0.42% 0.42%
Publipart A and B 2,437,487(2) 2.23% 2.23%
Belfius Insurance B 714,357 0.65% 0.65%
Katoen Natie Group B 10,119,150 9.28% 9.28%
Interfin B 3,124,490 2.86% 2.86%
ATLAS Infrastructure Partners B 6,276,039 5.75% 5.75%
Blackrock Inc(5) B 2,369,889 2.17% 2.17%
CPP Investments(5) B 2,369,898 2.17% 2.17%(4)
Other Free float B 32,347,772 29.66% 29.66%
Total Amount of the Shares A, B and C 109,072,607(3) 100% 100%

Notes: 
(1) The Company’s share capital will be represented by 109,072,607 shares. The Shares are divided into three classes: 1,836,054 Class A Shares; 58,056,833 Class B Shares; and 49,179,720 Class C Shares. 
(2) Includes 48,720,707 Class C Shares and 133,805 Class B Shares. 
(3) Includes 1,836,054 Class A Shares and 601,433 Class B Shares. 
(4) CPP Investments has agreed to suspend its voting rights in the context of its subscription agreement dated 6 March 2025 (see Section “Information on the Offering – Information related to the PIPE”). 
(5) With respect to BlackRock and CPP Investments, this table only takes into account the number of Shares to be issued in the context of the PIPE. To the extent any of BlackRock and/or CPP Investments hold additional Shares, this table may not accurately reflect the full shareholding of these shareholders.


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