At year-end 2016, Odfjell A- and B-shares were trading at NOK 29.30 and NOK 28.00 respectively, compared to NOK 28.30 and NOK 26.50 respectively at the close of 2015. In the same period the Oslo Stock Exchange Benchmark Index increased by 12% and the Transportation Index increased by 17%.
At 31 December 2016, Odfjell SE had a market capitalisation of NOK 2,277 million, which was equivalent to around USD 263 million. Including our 8.2 million treasury shares the market capitalisation was USD 291 million.
Based on the Company's 2016 results, including the profit from the sale of the Oman terminal, the Board recommends a dividend of NOK 1.50 per share, totalling NOK 117,832,950.
In 2016 about 17.1 million Odfjell shares were traded; 11.5 million A-shares and 5.7 million B-shares. This represents about 20% of the issued shares. At year-end 2016 Odfjell had outstanding 65.7 million A-shares and 21.1 million B-shares.
At the end of 2016 there were 1,250 holders of Odfjell A-shares and 523 holders of Odfjell B-shares. The total number of shareholders was 1,471 reflecting that some shareholders own shares in both classes.
Year end 2016 Odfjell SE held 5,891,166 A-shares and 2,322,482 B-shares as treasury shares, representing 9.5% of the issued shares
64% of the Company’s A-shares and 48% of the B-shares were held by international investors at the end of the year, equivalent to 60% of the total share capital.
Accurate and timely information is of vital importance in order to create credibility and confidence. Our policy is to provide the market with all relevant information in line with statutory regulations and the recommendations of the Oslo Stock Exchange.
We attach great importance to ensure that shareholders receive swift, relevant and correct information about the Company. Our aim is to provide a good understanding of the Company’s activities and its prospects so that shareholders are in a good position to assess the share’s trading price and underlying value.
YEAR |
EVENT |
amount in NOK |
share capital AFTER EVENT |
---|---|---|---|
1986 |
Public offering |
9 390 000 |
28 170 000 |
1986 |
Capitalisation bonus issue |
2 817 000 |
30 987 000 |
1988 |
Capitalisation bonus issue |
6 197 400 |
37 184 400 |
1989 |
Capitalisation bonus issue |
7 436 880 |
44 621 280 |
1989 |
International private placement |
10 000 000 |
54 621 280 |
1990 |
Capitalisation bonus issue |
54 621 280 |
109 242 560 |
1994 |
Capitalisation bonus issue |
109 242 560 |
218 485 120 |
2000 |
Private placement |
49 267 340 |
267 752 460 |
2001 |
Redemption of treasury shares |
-13 657 500 |
254 094 960 |
2002 |
Redemption of treasury shares |
-25 409 490 |
228 685 470 |
2003 |
Redemption of treasury shares |
-11 763 100 |
216 922 370 |
2004 |
Share split 2:1 |
0 |
216 922 370 |
2005 |
Share split 2:1 |
0 |
216 922 370 |
2006-2016 |
No events |
0 |
216 922 370 |
Name | A-shares | B-shares | Total | Percent of votes | Percent of shares | |
---|---|---|---|---|---|---|
1 |
Laurence Ward Odfjell1) |
25 966 492 |
3 999 393 |
29 965 885 |
43.42 % |
34.54 % |
2 |
Odfjell SE |
5 891 166 |
2 322 482 |
8 213 648 |
2) |
9.47 % |
3 |
Pareto Forvaltning |
1 953 971 |
1 641 184 |
3 595 155 |
3.27 % |
4.14 % |
4 |
BW Euroholdings |
3 284 334 |
230 674 |
3 515 008 |
5.49 % |
4.05 % |
5 |
Rederiet Odfjell AS |
3 497 472 |
|
3 497 472 |
5.85 % |
4.03 % |
6 |
Odfjell Shipping Bermuda |
2 750 000 |
715 760 |
3 465 760 |
4.60 % |
3.99 % |
7 |
Tufton Oceanic |
3 182 161 |
|
3 182 161 |
5.32 % |
3.67 % |
8 |
JP Morgan International |
1 071 400 |
1 600 800 |
2 672 200 |
1.79 % |
3.08 % |
9 |
Nordea Asset Management |
922 763 |
1 668 870 |
2 591 633 |
1.54 % |
2.99 % |
10 |
Holmen Fund Management |
1 700 000 |
|
1 700 000 |
2.84 % |
1.96 % |
11 |
KLP |
1 009 585 |
223 534 |
1 233 119 |
1.69 % |
1.42 % |
12 |
B.O. Steen Shipping AS |
239 111 |
870 889 |
1 110 000 |
0.40 % |
1.28 % |
13 |
Credit Suisse Private Banking |
550 800 |
288 500 |
839 300 |
0.92 % |
0.97 % |
14 |
AS SS Mathilda |
600 000 |
150 000 |
750 000 |
1.00 % |
0.86 % |
15 |
Svante Berger |
|
750 000 |
750 000 |
0.00 % |
0.86 % |
16 |
Pactum AS |
|
740 000 |
740 000 |
0.00 % |
0.85 % |
17 |
Kurt Magnus Richard Berger |
732 400 |
|
732 400 |
1.22 % |
0.84 % |
18 |
Wimoh Invest AS |
|
700 000 |
700 000 |
0.00 % |
0.81 % |
19 |
DNB as marketmaker |
452 409 |
|
452 409 |
0.76 % |
0.52 % |
20 |
Bergen Communale Pensjonskasse |
200 000 |
250 000 |
450 000 |
0.33 % |
0.52 % |
|
Total 20 largest shareholders |
54 004 064 |
16 152 086 |
70 156 150 |
80.46 % |
80.85 % |
|
Other shareholders |
11 686 180 |
4 926 618 |
16 612 798 |
19.54 % |
19.15 % |
|
Total |
65 690 244 |
21 078 704 |
86 768 948 |
100.00 % |
100.00 % |
1) Shares owned/controlled by Laurence Ward Odfjell
2) No voting rights for own shares ref. Public Limited Companies Act § 5 - 4
Source: Shareholder analysis conducted by RD:IR.
For a list of the 20 largest shareholders of 31 December 2016 from the Norwegian Central Securities Depositary (VPS), see Note 17 in Notes to the financial statements to Odfjell SE.