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Shares and shareholders

CapMan is one of the few listed fund management companies in Europe. CapMan Plc’s B share has been listed on the Helsinki Stock Exchange since 2001. CapMan had 5,659 shareholders at the end of 2011.

CapMan shares
CapMan has two series of shares, A and B. The company’s A shares, which total 5,750,000 in number, account for 42.3% of votes; while B shares, which total 78,531,766, account for 57.7% of votes. Both series of shares carry an equal entitlement to a dividend. CapMan’s shares are included in the book-entry securities register and have no nominal value. CapMan Plc’s share capital as of 31 December 2011 was €771,568.98.

Option programmes
CapMan had one option programme to engage and commit personnel to the company in force as of the end of 2011. Details on the 2008 programme can be found in the Report of the Board of Directors and the Notes to the Financial Statements.

CapMan’s shareholders
CapMan had 5,659 shareholders as of the end of 2011. Five flagging notifications were issued during the year. In October, a flagging notification was issued due to the following changes in ownership and/or voting rights: Ilmarinen Mutual Pension Insurance Company’s holding exceeded 5% of the shares and the voting rights, Oy Aristo-Invest Ab’s and its controlling shareholder Ari Tolppanen’s combined number of shares in CapMan Plc fell below 10% and their combined share of voting rights exceeded 20%, Heikki Westerlund’s and Heiwes Oy’s combined share of the voting rights exceeded 10%, and CapMan Partners B.V.’s share of the share capital decreased below 5% and voting rights decreased below 20%. In December a flagging announcement was issued when Oy Aristo-Invest Ab and its controlling shareholder Ari Tolppanen’s combined share of voting rights decreased below 20%. In addition, in early January 2012, CapMan disclosed a flagging notification related to Legg Mason, Inc.’s shareholding decreasing below 5% on 28 December 2011.

Due to the changes in shareholdings and voting rights mentioned above, Ilmarinen Mutual Pension Insurance Company became the second largest shareholder of CapMan Plc. According to the flagging notification published in December 2010 Gimv NV owns 10.005% of all CapMan shares and is therefore the largest shareholder of CapMan Plc. Headquartered in Brussels, Gimv is a listed European investment company with focus on private equity and venture capital.

CapMan Plc’s largest shareholders are detailed in the Notes to the Financial Statements. CapMan Plc owned 26,299 of the company’s B shares as of 31 December 2011.

Nominee-registered shareholders
CapMan Plc’s foreign shareholders can register their holdings in nominee-registered book-entry accounts, for which a custodian is registered in the company’s list of shareholders rather than the ultimate owner. Foreign and nominee-registered shareholders held a total of 23% of CapMan’s shares as of the end of 2011. A breakdown by sector and size of holding can be found on here.

Dividend policy and dividend payable for 2011
CapMan aims to pay at least 50% of its net result in the form of a dividend. The Board of Directors will propose to the Annual General Meeting that a dividend of €0.07 per share should be paid to shareholders.

Share price development and trading of B shares
  2011 2010
Share price, €    
   highest 1.83 1.98
   lowest 0.90 1.28
   volume-weighted average 1.39 1.57
   closing price, 31.12 1.01 1.78
Trading turnover    
   million shares 24.1 14.1
   million euros 32.0 22.0
2007
2008
2009
2010
2011

Basic information on shares and options

 

CapMan B-share

Market

Helsinki

Currency

Listed

02.04.2001

ISIN

FI0009009377

Trading code

CPMBV

Reuters code

CPMBV.HE

Bloomberg code

CPMBV

List

Nordic Small Caps

Industry

Finance

Number of shares

78,531,766

Votes/share

1/share

CapMan A-share

Number of shares

5 750 000 (unlisted)

Votes/share

10/share

 Stock option programme 2008

CapMan 2008 A-option

Stock options, number

2 135 000

Share subscription price

2.53 EUR

Exercise period

1.5.2011 - 31.12.2012

Shares marked by options

-

CapMan 2008 B-option

Stock options, number

2 135 000

Share subscription price

0.96 EUR

Exercise period

1.5.2012 - 31.12.2013

Shares marked by options

-

The A and B options of the 2008 option program each entitle holders to subscribe to 2,135,000 shares.