Finnlines Plc has one share series. Each share carries one vote at general shareholder meetings and confers identical dividend rights. As outlined in Finnlines’ Articles of Association, the company’s minimum share capital is EUR 50 million and the maximum is EUR 200 million. The share capital can be increased or decreased within these limits. The company’s paid-up and registered share capital on 31 December 2008 totalled EUR 81,383,916. The capital stock consisted of 40,691,958 shares.

Shares

Finnlines Plc’s shares are listed on NASDAQ OMX Helsinki Ltd. A total of 8.6 million shares were traded during the year under review.

No treasury shares were held by the company. The highest quoted price of the Finnlines share during the year was EUR 15.49 and the lowest was EUR 5.02. At year-end, the shares’ market capitalisation value was EUR 262 million.

Shareholders

At year-end 2008, Finnlines had approximately 2,214 shareholders. The ten largest shareholders owned 82.5 per cent of the company’s shares. 9.4 per cent of shareholders were nominee registered. At year-end Italian Grimaldi Group had a holding of 64.9 per cent of Finnlines’ shares and voting rights.


Finnlines share ownership structure on 31 December 2008 % of shares
Private corporations 1.68
Financial and insurance companies 4.04
Public sector entities 11.92
Non-profit organisations 3.29
Households 4.51
Nominee registered 9.36
Outside Finland 65.2
Total 100
Shares outstanding on 31 December 2003–31 December 2008
Transaction Option series Options exercised Amount of shares Shares outstanding Own shares Total amount of shares
On 31 Dec 2003 19 866 479 * 112 500 * 19 978 979 *
On 1 Nov 2004
Bonus issue (1/2) 39 401 958 556 000 39 957 958
On 31 Dec 2004 39 401 958 556 000 39 957 958
On 18 Jan 2005 2001A 154 600 309 200
Exercise of options 2001B 21 300 42 600 39 753 758 556 000 40 309 758
On 11 Mar 2005 2001A 76 300 152 600
Exercise of options 2001B 199 500 399 000 40 305 358 556 000 40 861 358
On 8 Apr 2005
Cancellation of own shares -556 000 40 305 358 40 305 358
On 30 Sep 2005 40 305 358 40 305 358
On 9 Nov 2005 2001A 84 100 168 200
Exercise of options 2001B 91 600 183 200 40 656 758 40 656 758
On 31 Dec 2005 40 656 758 40 656 758
On 20 Jan 2006
Exercise of options 2001B 1 500 3 000 40 659 758 40 659 758
On 10 Apr 2006 2001A 7 500 15 000
Exercise of options 2001B 8 600 17 200 40 691 958 40 691 958
On 31 Dec 2006 40 691 958 40 691 958
On 31 Dec 2007 40 691 958 40 691 958
On 31 Dec 2008 40 691 958 40 691 958
* Amounts not corrected for Bonus Issue.
Major shareholders on 31 December 2008 Number of shares %
Grimaldi Group Naples 26 408 770 64.9
Ilmarinen Mutual Pension Insurance Company 4 246 000 10.43
Svenska Litteratursällskapet i Finland 690 000 1.7
Mandatum Life Insurance Company Limited 663 000 1.63
Sigrid Juselius Foundation 470 000 1.16
Pohjola Non-Life Insurance Company Ltd 290 000 0.71
UCITS Fund Aktia Capital 256 393 0.63
The State Pension Fund 215 000 0.53
Kaleva Mutual Insurance Company 200 000 0.49
The Finnish Cultural Foundation 150 000 0.37
10 largest total 33 589 163 82.54
     
Nominee registered 3 808 104 9.36
Other shareholders 3 294 691 8.1
Management holding 136 499 0.3
Total amount of shares 40 691 958 100

Source: Finnish Central Securities Depositary Ltd.

 

Monthly share price development and trading volume, 2004–2008

Source: NASDAQ OMX Helsinki Ltd.