Addtech Shares
Share price trend and return
The Addtech shares are listed on Nasdaq OMX Stockholm. Since their listing in September 2001 until 31 March 2018, the total return on the shares until 31 March 2018 has averaged 16 percent per year. The OMX Stockholm index on the Nasdaq OMX Stockholm Exchange increased by 6 percent in the corresponding period.
The Addtech share increased by 13 percent in value during the financial year. The OMX Stockholm index on the Nasdaq OMX Stockholm Exchange decreased by 1 percent in the corresponding period. The highest price paid during the year was SEK 204.00 and was quoted on 22 January 2018. The lowest was SEK 146.50 on 21 August 2017. The final price paid before the end of the financial year was SEK 168.00, corresponding to a market value of SEK 10.9 billion (9.6).
During the period 1 April 2017 - 31 March 2018, 13 million (12) shares were traded with an aggregate value of approximately SEK 2 billion (2 billion). Relative to the average number of Class B shares outstanding, this is equivalent to a turnover rate of 20 percent (18). A daily average of 50,305 (45,716) Addtech shares were traded at an average value of about SEK 9 million (6).
Share capital
At 31 March 2017, Parent Company share capital stood at SEK 51.1 million, distributed over the following number of shares with a quotient value of SEK 0.75 per share.
| Class of shares | Number of shares | Number of votes | Percentage of capital | Percentage of votes |
|---|---|---|---|---|
| Class A shares, 10 votes per share | 3,229,500 | 32,295,000 | 4.7 | 33.2 |
| Class B shares, 1 vote per share | 64,968,996 | 64,968,996 | 95.3 | 66.8 |
| Total number of shares before repurchases | 68,198,496 | 97,263,996 | 100.0 | 100.0 |
| Of which repurchased class B shares | 1,206,145 | 1.8 | 1.2 | |
| Total number of shares after repurchases | 66,992,351 |
Chapter 6, Section 2a of the Swedish Annual Accounts Act requires listed companies to disclose specific circumstances that may affect the prospects for acquiring the Company via a public share offer. In the event of the Company being delisted from Nasdaq OMX Stockholm or a party other than the present principal shareholder attaining an ownership holding exceeding 50 percent of the capital or votes, the granted credit line in terms of contractual credit facilities of SEK 400 million and overdraft facilities of SEK 1,100 million can be terminated.
Repurchase of treasury shares and incentive programmes
The Annual General Meeting in August 2017 authorised the Board of Directors to repurchase a maximum of ten percent of all shares in the Company during the period until the Annual General Meeting in 2018. During the financial year Addtech repurchased 200,000 of its own Class B shares. At year-end the number of treasury shares was 1,206,145 (1,374,721), with an average purchase price of SEK 92.12 (81.17). These shares correspond to 1.8 percent (2.0) of the number of shares issued and 1.2 percent (1.4) of the votes.
Addtech has four outstanding call option programmes for a total of 1,250,178 shares. Call options issued on repurchased shares entail a dilution effect of about 0.3 percent during the latest 12-month period. Addtech’s own shareholdings fully meet the needs of the outstanding call option programmes.
| Outstanding programme | Number of options | Corresponding number of shares | Proportion of total shares | Initial exercise price | Adjusted exercise price | Expiration period |
|---|---|---|---|---|---|---|
| 2017/2021 | 300,000 | 300,000 | 0.4% | 178.50 | - | 14 Sep 2020 - 4 Jun 2021 |
| 2016/2020 | 300,000 | 300,000 | 0.4% | 159.00 | - | 16 Sep 2019 - 5 Jun 2020 |
| 2015/2019 | 350,000 | 430,500 | 0.6% | 154.50 | 125.10 | 17 Sep 2018 - 3 Jun 2019 |
| 2014/2018 | 178,600 | 219,678 | 0.3% | 116.70 | 94.50 | 17 Sep 2017 - 1 Jun 2018 |
| Total | 1,128,600 | 1,250,178 |
ownership structure
On 31 March, 2018, the total number of shareholders was 5 327 (4 791), of which 4 045 (3 490) owners held stakes of 1 000 shares or less.The 15 largest shareholders accounted for 56.2 (56.2) percent of the total number of shares and 67.2 (67.3) percent of the total number of votes. Anders Börjesson (incl. associated) is the largest owner by votes, who owns shares corresponding to 15.5 percent, followed by Tom Hedelius, who owns shares corresponding to 14.9 percent. The proportion of foreign owners was 35 percent (29) of total capital.
Additional information
Addtech's website www.addtech.com is updated continuously with information about shareholder changes and share price performance. The site also contains information about which analysts follow Addtech.