FINANCIAL STATEMENTS 2010 - Finnlines
FINANCIAL STATEMENTS 2010 - Finnlines
FINANCIAL STATEMENTS 2010 - Finnlines
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
36. SHARES AND SHAREHOLDERS<br />
<strong>Finnlines</strong> Plc has one share series. Each share carries one vote at general shareholder meetings and conferes identical dividend rights.<br />
As outlined in <strong>Finnlines</strong>’ Articles of Association, the Company’s miminum share capital is EUR 50 million and the maximum is EUR 200<br />
million. The share capital can be increased or decreased within these limits. The Company’s paid-up and registered share capital on 31<br />
December <strong>2010</strong> totalled EUR 93,642,074. The capital stock consisted of 46,821,037 shares.<br />
SHARES<br />
<strong>Finnlines</strong> Plc shares are listed on NASDAQ OMX Helsinki Ltd. A total of 2.9 million shares were traded during the year under review.<br />
No treasury shares were held by the Company. The highest quoted price of the <strong>Finnlines</strong> share during the year was EUR 9.70 and low-<br />
est was EUR 6.95. At year-end, the shares’ market capitalisation value was EUR 373 million.<br />
SHAREHOLDERS<br />
At year-end <strong>2010</strong>, <strong>Finnlines</strong> had 2,222 shareholders. The ten largest shareholders owned 80.77 per cent of the Company’s shares.<br />
14.15 per cent of shareholders were nominee registered. At year-end, Italian Grimaldi Group had a holding of 65.84 per cent of Finn-<br />
lines’ shares and voting rights.<br />
<strong>Finnlines</strong>’ share ownership structure on 31 December <strong>2010</strong> * % of shares<br />
Private companies 1.15<br />
Financial and insurance companies 3.47<br />
Public entities 11.49<br />
Households 2.88<br />
Non-profit associations 0.83<br />
Nominee registered 14.15<br />
Other foreign 66.03<br />
Total 100.00<br />
Major shareholders at 31 December <strong>2010</strong> * Number of shares % of shares<br />
Grimaldi Group, Naples 30,827,572 65.84%<br />
Ilmarinen Mutual Pension Insurance Company 4,953,667 10.58%<br />
Mandatum Life 773,500 1.65%<br />
Pohjola Non-Life Insurance Company Ltd 290,000 0.62%<br />
Kaleva Mutual Insurance Company 256,666 0.55%<br />
The State Pension Fund 250,833 0.54%<br />
Sijoitusrahasto Taaleritehdas Arvo Markka Osake 150,000 0.32%<br />
Nordea Life Assurance Finland Ltd 113,466 0.24%<br />
Nordea Pro Finland Fund 110,503 0.24%<br />
Savings Bank Finland Fund 90,800 0.19%<br />
10 largest total 37,817,007 80.77%<br />
Nominee registered 6,623,786 14.15%<br />
Other shareholders 2,380,244 5.08%<br />
Total amount of shares 46,821,037 100.00%<br />
Management holding 1,210,014 shares, 2.58 per cent of shares.<br />
* Source: Euroclear Finland Oy<br />
48 FINNLINES PLC Financial Statements <strong>2010</strong> (figures in EUR thousand, if not stated otherwise)