Share Capital

As at 30 September 2019, the share capital amounted to SEK 83 257 974 with a quota value of SEK 0.1. As at 30 September 2019 the total number of registered shares amounted to 832 577 974. The ordinary shares are distributed as follows: 209 977 491 series A shares (Series A), 546 071 540 series B shares (Series B) and 76 498 230 series D shares (Series D). In addition, there are 30 713 preference shares (Preference Shares) outstanding. Each Series A share entitles the holder to one (1) vote. Each Series B, Series D and each Preference Share entitles the holder to one tenth (1/10) vote.

Trade in the company’s shares

Series B is traded on Nasdaq Stockholm, Large Cap. The stock ticker symbol is SBB B. The ISIN code is SE0009554454. One unit equals one (1) share. Series D is traded on Nasdaq Stockholm, Large Cap. The stock ticker symbol is SBB D. The ISIN code is SE0011844091. One unit equals one (1) share. The Preference Share is traded on Nasdaq First North Premier Growth Market, Stockholm. The stock ticker symbol is SBB PREF. The ISIN code is SE0009580715. One unit equals one (1) share. Erik Penser Bank AB (www.penser.com) is Certified Advisor. ABG Sundal Collier acts as market maker with a view to promoting satisfactory liquidity in the trading of the Company’s shares.

Share Price

Shareholders

Being a shareholder entitles the right to vote at the Annual General Meeting with one vote per class A share and 0.1 vote per ordinary share of class B, class D and preference share. The preference shares have a preferential right over the ordinary shares to an annual dividend of SEK 35, paid quarterly, per preference share. Holders of the ordinary shares of series D are entitled to five times the total dividend on the ordinary shares of series A and B, however no more than SEK 2 per share and year. The largest shareholder is Ilija Batljan, who directly and indirectly holds 13.3 percent of the capital and 40.1 percent of the votes.

Analysts

Company: Arctic Securities

Analyst: Anna-Karin Hempel

E-mail: akh@arctic.com

Phone: +47 21 01 32 76

 

Company: Kepler Cheuvreux

Analyst: Jan Ihrfelt

E-mail: jihrfelt@keplercheuvreux.com

Phone: +46 8 723 51 14

 

Company: ABG Sundal Collier

Analyst: Tobias Kaj

E-mail: tobias.kaj@abgsc.se

Phone: +46 8 566 286 21

 

Company: Erik Penser Bank

Analyst: Rikard Engberg

E-mail: rikard.engberg@penser.se

Phone: +46 8 463 80 00

 

Company: Nordea

Analyst: Niclas Höglund

E-mail: niclas.hoglund@nordea.com

Phone: +46 10 156 59 74

COMMON SHARE PROFIT DISTRIBUTION

All Common Shares shall have the same rights to dividend without preferential rights in relation to each other. If any dividend is declared, the following shall apply: Class A and Class B common shares are entitled to the same dividend per share. Class D common shares are entitled to five (5) times the total dividend on Class A and Class B common shares, however, no more than SEK two (2) per share and year. If the dividend on Class D common share is less than SEK two (2), the maximum permitted dividend of SEK two (2) shall be increased so that the shortfall of up to SEK two (2) per year may be distributed later if sufficient dividends on common shares are declared subsequently, whereupon the maximum permitted dividend shall once again be SEK two (2). Disbursement of dividends relating to Class A and Class B common shares shall be made in a single instalment or in four (4) equal instalments in which case the record dates for payment of dividends shall be the last business day in June, September, December and March. Disbursement of any dividend relating to Class D common shares shall be made in four (4) equal instalments. Record dates for payment of dividends shall be the last business day in June, September, December and March with the first record date for payment of dividends relating to Class D common shares to be the last business day in March 2019.

PREFERENCE SHARE PROFIT DISTRIBUTION

The Preference Shares shall have preferential rights to dividend
If the shareholders meeting resolves on dividend distribution, the Preference Shares shall have preferential rights over the Common Shares to dividend, as per the below.

Calculation of Preference Share distribution
Preference Shares shall give preferential rights over common Shares to an annual distribution of dividends per Preferential Share of SEK thirty-five (35) (“Preference Share Distribution”), with quarterly payments of SEK eight point seventy-five (8.75) per Preference Share, with payment dates as per the below.

Payment of profit dividend
The payment of profit dividend for Preference Shares shall be made quarterly in arrears in SEK, with a quarter of the Preference Share Distribution being paid at each payment date. The payment dates for payment of dividends shall be on 10 January, 10 April, 10 July, and 10 October. In which case such date is not a banking day, the payment date shall be the previous banking day. “Banking day” refers to a day which is not a Sunday, other public holiday or a day which, when paying for debentures, is equivalent to a public holiday (such equivalent days are at the time for adopting these articles of association Saturday, Midsummer Eve, Christmas Eve and New Year’s Eve).

Calculation of Outstanding Sum
If no dividend has been paid to Preference  Shares, or if only dividends less than the Preference Share Distribution has been paid, the Preference Shares shall entitle to, in addition to future Preference Share Distribution, also receive an amount, evenly distributed on each Preference Share, corresponding to the difference between what should have been paid as above and the actually paid amount (“Outstanding Sum”), before dividends  to holders of Common Shares may occur. The Outstanding Sum will be indexed with an annual interest rate of ten (10) percent accrued. Indexation shall start with the quarter when the part of the dividend was paid (or should have been paid, if no dividend at all was been paid). The distribution of the Outstanding Sum also requires a decision on distribution of profits from the general meeting of shareholders.

Conversion at certain corporate actions
If the number of Preference Shares is changed by way of reverse share split, share split or other similar corporate actions, the amounts to which the Preference Share is entitled shall be recalculated to reflect this change.

Conversion at certain corporate actions
If the number of Preference Shares is changed by way of reverse share split, share split or other similar corporate actions, the amounts to which the Preference Share is entitled shall be recalculated to reflect this change.

Conversion at certain corporate actions
If the number of Preference Shares is changed by way of reverse share split, share split or other similar corporate actions, the amounts to which the Preference Share is entitled shall be recalculated to reflect this change.