SSAB’s shares are listed on the Nasdaq OMX Stockholm, Large cap list. OMX Nordic Exchange issues call and put options on the shares.
The final transaction prices in 2010 were SEK 113 for SSAB’s class A share and SEK 99.15 for SSAB’s class B share, corresponding to a total market capitalization of SEK 35.4 billion. During the year, the price of SSAB’s class A share fell by 7 percent and the class B share by 11 percent. During the same period, Nasdaq OMX Stockholm increased by 23 percent. The highest transaction price for the class A share during the year was listed on April 7 and was SEK 136.10 and on January 14 for the class B share at SEK 122.50. The lowest transaction price, SEK 90.90 and SEK 79.10 respectively, were listed on November 23. During the year, SSAB’s shares were traded for almost SEK 87 billion. Trading in shares took place on all exchange days and averaged approximately SEK 343 million per day. The volume of traded A shares corresponded to 269 percent of the average number of outstanding shares. The volume of traded B hares corresponded to 154 percent of the average number of outstanding shares. SSAB’s shares accounted for 2.4 percent of trading on the Nasdaq OMX Stockholm Exchange. The SSAB-share is also traded on market places such as BOAT, Burgundy, Chi-X and Turqouise. Of the total volume of traded shares, 68 percent of the class A shares were traded on Nasdaq OMX Stockholm and 81 percent of the class B shares.
Dividends shall be adjusted to the average profit level over a business cycle and, in the long term, constitute approximately 50 percent of profit after tax. It should also be possible to use dividends to adjust the capital structure. For the 2010 financial year, a dividend to the shareholders is proposed of SEK 2.00 per share. For the 2009 financial year, the dividend amounted to SEK 1.00 per share.
At the end of the year there were 323,934,775 shares, divided into 240,765,832 class A shares and 83,168,943 class B shares, which was unchanged since December 31, 2009. Each class A share carries one vote and each class B share carries one-tenth of one vote. The quotient value per share is SEK 8.80. At the end of 2010, SSAB’s three largest owner groups in terms of capital were Industrivärden, Swebank Robur Funds and LKAB. It should be noted that the holdings of foreign owners in SSAB are nominee-registered. At the end of 2010, SSAB had 68,407 shareholders, a decrease of approximately 1,000 during the year. The ten largest identified owners together owned 43.4 percent of the share capital and 49.3 percent of the voting capital. Foreign-registered ownership in SSAB increased slightly during the year and, at the end of December, represented approximately 23 percent of the share capital.
During 2010, a large number of meetings were held with representatives of financial institutions. Meetings were held in, among other places, Stockholm, London, New York, Boston, and Paris. A capital markets day was held in Stockholm in February and, in connection therewith, a tour was arranged of the plant in Oxelösund. Larger meetings for investors with a CSR focus have been arranged twice during the year. Presentations have been arranged regularly in connection with the publication of interim reports and results.
NASDAQ OMX Stockholm AB: class A SSAB A (SSE300)
NASDAQ OMX Stockholm AB: class B SSAB B (SSE301)
Number of shares traded
|Shareholding||Number||% of all shareholders|
|Owners as of December 31, 2010|
|% of share capital||% of votes|
|Swedbank Robur Funds||8.8||7.9|
|AMF – Försäkring och Fonder||2.6||3.0|
|Nordea Investment Funds – Sweden||2.5||2.4|
|Folksam – KPA – Förenade Liv||1.7||1.9|
|First National Pension Fund||1.6||1.7|
|Handelsbanken incl. pension fund||1.2||1.4|
|Second National Pension Fund||1.2||1.4|
|The number of shares and the share capital have changed since 1989 as follows:|
||Change in number of shares||Number of share||Change in share capital SEK millions||Share capital SEK millions|
|2007||1:4 new issue||64,786,954||323,934,775||571||2,851|
|Data per share|
|Exchange price December 31, class A share, SEK||113.00||122.10||68.00||176.00||148.69|
|Profit, SEK 1)||1.70||-3.09||21.41||15.36||14.66|
|Cash flow, SEK 1)||-7.59||7.64||91.20||neg||14.29|
|Equity, SEK 1)||92.26||95.21||108.64||89.19||59.18|
|Dividend, SEK||2.00 2)||1.00||4.00||5.00||4.50|
|Average number of shares, million||323.9||323.9||323.9||296.9||265.5|
|Number of shares at year-end, million||323.9||323.9||323.9||323.9||259.1|
|Number of shares at year-end adjusted for split, million||323.9||323.9||323.9||323.9||259.1|
|Market capitalization, SEK million, December 31||35,452||38,671||21,653||55,599||41,579|
|Direct yield, %||1.8||0.8||5.9||2.8||3.0|
1) Adjusted based on the final value of net assets in IPSCO Inc.
2) In accordance with the Board’s proposal.