Shares and shareholders
At the end of December 2015, the number of registered shareholders in Caverion was 30,594 (2014: 32,837). At the end of December 2015, a total of 34.6 percent of the shares were owned by nominee-registered and non-Finnish investors (2014: 33.0%).
On March 4, 2015 the company published a disclosure of change in ownership in Caverion Corporation in accordance with Chapter 9, section 5 of the Securities Market Act, according to which the holdings of Security Trading Ltd, a company controlled by Antti Herlin, in Caverion Corporation shares had exceeded the threshold of 1/10 (10 percent).
|Largest shareholders on December 31, 2015|
|Shareholder||Shares, pcs||% of all shares|
|1. Structor S.A.||17,840,000||14.2|
|2. Funds held by Antti Herlin, including directly held shares||13,850,180||11.0|
|3. Ilmarinen Mutual Pension Insurance Company||4,030,000||3.2|
|4. Fondita funds||3,542,000||2.8|
|5. Nordea funds||2,898,567||2.3|
|6. Varma Mutual Pension Insurance Company||2,864,393||2.3|
|7. Danske Invest funds||2,475,958||2.0|
|8. OP funds||2,191,166||1.7|
|9. Elo Pension Company||2,119,468||1.7|
|10. The State Pension Fund||1,850,000||1.5|
|11. SEB Investment Funds||1,608,584||1.3|
|12. Aktia funds||1,510,854||1.2|
|13. Evli funds||1,347,936||1.1|
|14. Brotherus Ilkka||1,048,265||0.8|
|15. Etera Mutual Pension Insurance Company||757,446||0.6|
|16. Säästöpankki funds||731,052||0.6|
|17. Odin funds||557,549||0.4|
|18. Caverion Oyj||512,091||0.4|
|19. Alfred Berg Finland||461,242||0.4|
|20. Föreningen Konstsamfundet rf||423,002||0.3|
|20 largest, total||62,619,753||49.9|
|Nominee registered total||24,631,117||19.6|
|Ownership structure by sector on December 31, 2015|
|Sector||Shareholders||% of owners||Shares||% of all shares|
|Nominee registered and non-Finnish holders||173||0.6||43,432,816||34.6|
|Financial and insurance corporations||86||0.3||17,343,998||13.8|
|Non-financial corporations and housing corporations||1,490||4.9||21,046,750||16.8|
|On common and special accounts||0||0.0||0||0.0|
|Management’s shareholding on December 31, 2015|
|Shares||% of share capital|
|Board of Directors||4,823||0.00384%|
|President and CEO||4,000||0.00318%|
|The Group Management Board excluding the CEO||136,272||0.10850%|
|Ownership by number of shares held on December 31, 2015|
|Number of shares||Number of shareholders||Proportion of shareholders, %||Number
|1 001–5 000||4,355||14.2||9,408,332||7.5|
|5 001–10 000||504||1.6||3,635,587||2.9|
|10 001–50 000||349||1.1||7,252,172||5.8|
|50 001–100 000||50||0.2||3,614,120||2.9|
|100 001–500 000||59||0.2||12,956,071||10.3|
The information is based on the list of the company’s shareholders maintained by Euroclear Finland Ltd.
Caverion’s shares are listed on Nasdaq Helsinki. The shares are included in the book-entry securities system maintained by Euroclear Ltd. The company has a single series of shares, and each share entitles its holder to one vote at the Annual General Meeting. All Caverion shares carry equal rights to dividends. The company’s shares have no nominal value.
Caverion Corporation’s share capital and the number of shares did not change during the review period. The number of shares subject to public trading was 125,596,092 and the share capital was EUR 1,000,000 on December 31, 2015.
Key information about the share (CAV1V)
- Listing: Nasdaq Helsinki
- List: Nordic Mid Cap
- Listing date: July 1, 2013
- Trading currency: EUR
- Industry: Industrial Goods & Services
- Trading code: CAV1V
- ISIN code: FI4000062781
- Reuters code: CAV1V.HE
- Bloomberg code: CAV1V:FH
At the end of 2015, the Caverion share was included in the following indexes, among others:
- OMX GES Sustainability Finland
- OMX GES Sustainability Finland Cap
- OMX Helsinki
- OMX Helsinki Cap
- OMX Helsinki Industrials
- OMX Helsinki Industrial Goods & Services
- OMX Helsinki Mid Cap
- OMX Helsinki Support Services
- OMX Nordic EUR
- OMX Nordic Mid-Cap EUR
Caverion held 509,257 treasury shares on January 1, 2015. During January–December, 2,834 Caverion shares were returned to the company in accordance with the terms and conditions of the share-based incentive scheme of YIT Corporation. Caverion held 512,091 treasury shares at the end of December 2015. Number of shares outstanding was thus 125,084,001 on December 31, 2015.
Own shares held by Caverion Corporation represent 0.41% of the total number of shares and voting rights.
Caverion has not made any decision regarding the issue of option rights or other special rights entitling to shares.
Caverion's Board of Directors approved a new long-term share-based incentive plan for the Group’s senior management in December 2015. The new plan consists of a Performance Share Plan, complemented with a Restricted Share Plan for special situations. If all targets of the Performance Share Plan will be met, the share rewards based on the first plans for 2016–2018 will comprise a maximum of approximately 728,000 Caverion shares (gross before the deduction of applicable payroll tax). More information on incentive plan was released in a stock exchange release on December 18, 2015.
Furthermore, more information on the earlier long-term share-based incentive plan 2014−2016 for the company’s key senior executives has been released in a stock exchange release on May 26, 2014.
Trading in shares
The opening price of Caverion's share was EUR 6.67 at the beginning of the year 2015. The closing rate on the last trading day of the review period on December 30 was EUR 9.03. The share price increased by 35.4 percent during January–December. The highest price of the share during the review period January–December was EUR 9.69, the lowest was EUR 6.67 and the average price was EUR 8.69. Share turnover on Nasdaq Helsinki in January–December amounted to 36.4 million shares. The value of share turnover was EUR 316.6 million (source: Nasdaq Helsinki).
Caverion's shares are also traded in other market places, such as BATS Chi-X, Frankfurt Stock Exchange (Open Market), Turquoise and Burgundy. During January–December, 4.9 million Caverion Corporation shares changed hands in alternative market places, corresponding to approximately 9.4 percent of the total share trade. Of the alternative market places, Caverion shares changed hands particularly in BATS Chi-X. Furthermore, during January–December, 10.9 million Caverion Corporation shares changed hands in OTC trading outside Nasdaq Helsinki, corresponding to approximately 20.9 percent of the total share trade (source: Fidessa Fragmentation Index).
Caverion Corporation’s market capitalisation at the end of the review period was EUR 1,129.5 million. Market capitalisation has been calculated excluding the 512,091 shares held by the company as per December 31, 2015.