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 6,142 shareholders at the end of 2012.  

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 2012 was €771,586.98.

Option programmes

CapMan had one option programme to engage and commit personnel to the company in force as of the end of 2012. 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 6,142 shareholders as of the end of 2012. Two flagging notifications were issued during the year. In September a flagging notification was issued due to the following changes in ownership and/or voting rights:  Oy Inventiainvest Ab’s share of the total number of shares and voting rights in CapMan Plc exceeded 5% and 15%, respectively. Oy Inventiainvest Ab is under the direct control of Ari Tolppanen. Ari Tolppanen’s and Oy Aristo-Invest Ab’s combined share of the total number of shares in CapMan Plc and their combined share of voting rights in CapMan Plc fell below 5%. In early January 2012, CapMan disclosed a flagging notification related to Legg Mason, Inc.’s shareholding decreasing below 5% on 28 December 2011. In addition, in January 2013, CapMan disclosed a flagging notification related to Eläkekassa Verso's shareholding exceeding 5% as a result of share transactions on 29 November 2012.

Due to the changes in shareholdings and voting rights mentioned above, Oy Inventiainvest Ab 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. 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 2012.

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 16% of CapMan’s shares as of the end of 2012. A breakdown by sector and size of holding are presented in the Notes to the Financial Statements.

Dividend policy and dividend payable for 2012

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 no to be paid to shareholders.

IR contacts

CapMan’s IR contacts are the joint responsibility of the CEO, the head of the Sales, Marketing, Investor Relations and Communications team, the CFO, and the Manager, Communications and IR. The company observes a two-week silent period prior to publication of its interim reports and financial statements, during which it does not comment on the company’s financial performance or future prospects and does not meet investors, analysts, or financial journalists.

  

* Shareholding among the 100 largest shareholders.

Share price development and trading of B shares
2012 2011
Share price, €
highest 1.19 1.83
lowest 0.80 0.90
volume-weighted average 0.93 1.39
closing price, 31.12 0.84 1.01
Trading turnover
million shares 20.4 24.1
million euros 19.1 32.0
Basic information on shares and options
CapMan B share
Market Helsinki
Currency
Listed 04/02/01
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
Votes/share 10/share
Stock option programme 2008
CapMan 2008 A-option
Stock options, number 2 135 000
Share subscription price 2.46 EUR
Exercise period 1.5.2011 - 31.12.2012
CapMan 2008 B-option
Stock options, number 2 135 000
Share subscription price 0.89 EUR
Exercise period 1.5.2012 - 31.12.2013
The A and B options of the 2008 option program each entitle holders to subscribe to 2,135,000 shares.