Shares and shareholders
Lemminkäinen has one series of shares (LEM1S). Each share carries one vote at a general meeting of shareholders and confers an equal right to a dividend.
Share capital and amount of shares
Lemminkäinen’s share capital remained unchanged, and amounted to EUR 34,042,500 million. Due to the rights issue in autumn 2014, the number of Lemminkäinen's shares rose to 23,219,900 shares (19,650,176).
Share price and trading volume
The price of Lemminkäinen Corporation’s share on NASDAQ OMX Helsinki was EUR 15.20 (14.28) at the beginning of the year and EUR 9.52 (15.20) on the last trading day in 2014. The highest share price quoted was EUR 15.89 in January and the lowest EUR 9.50 in December. The average trading price in 2014 was EUR 12.61 (15.57). At the end of 2014, the market capitalisation of Lemminkäinen’s shares stood at EUR 220.9 million (298.2).
In addition to the NASDAQ OMX Helsinki Ltd., Lemminkäinen’s share is also traded on alternative markets. The total trading volume in 2014 totalled 1,268,320 (2,076,080). Of this amount, 14 per cent (15) of trading took place in alternative markets. (Source: Fidessa Fragmentation Index, http://fragmentation.fidessa.com.)
Lemminkäinen carried out a rights issue in 2014. The shareholders were offered one freely transferable subscription right in the form of a book-entry for each share they owned. Every eleven (11) subscription rights entitled their holder to subscribe for two (2) new shares at the subscription price of EUR 8.20 per share.
Lemminkäinen raised gross proceeds of EUR 29.3 million through the offering, which was oversubscribed by 27.5 per cent. The number of total shares rose from 19,650,176 shares to 23,219,900 shares.
At the end of the financial year, the company had 4,532 shareholders (4,705). Holders of nominee-registered shares and non-Finnish shareholders held 13 per cent (13) of all Lemminkäinen Corporation shares and voting rights.
Lemminkäinen received one flagging notification during 2014. Shares held by Noora Forstén decreased from 1,966,073 shares, i.e. 10.0 per cent of all shares, to 1,866,073, i.e. 9.5 per cent, dropping below 10 per cent of all shares and votes in Lemminkäinen Corporation.
At the end of 2014, Lemminkäinen owned 16,687 of its own shares, which have been returned to the company as part of its share-based incentive scheme.
Management and Board of Director’s shareholdings
|No. of shares on
31 December 2014
|No. of shares on
31 December 2013
|Board of Directors||2,983,553||2,612,733|
|President and CEO||500||17,475|
|Group management, excluding the President and CEO||13,458||22,653|
|Management and Board of Directors shareholdings, total||2,997,511||2,652,861|
|% of all shares||13%||14%|
|Lemminkäinen's share (LEM1S)|
|Listing:||NASDAQ OMX Helsinki|
|Listing date:||1 June, 1995|
|Bloomberg ID:||LEM1S FH|
Earnings per share, dividend per share
|Earnings per share, EUR||0.01||1.68||1.94||-4.81||0.40|
|Dividend per share, EUR||0.50||0.50||0.60||0.00||0.00|
|The profit for the financial year distributed to shareholders as dividends, %||50||28||27||0||0|
*The Board of Directors proposes that no dividend will be paid for 2014.
Figures for 2010-2013 include a retrospective adjustment due to the effect of the rights offering in 2014 on the weighted average number of shares
Equity per share, EUR
|Equity per share||16.32||16.87||21.45||15.70||19.33|
*Figures for 2010-2013 include a retrospective adjustment due to the effect of the rights offering in 2014 on the weighted average number of shares
Market capitalisation, EUR million
Number of shareholders
|Number of shareholders||4979||4548||4781||4705||4532|
|The share of foreign and nominee registered shares||7.6||14.5||13.7||13.0||12.7|