Oriflame Cosmetics was introduced on the NASDAQ OMX Nordic Exchange on 24 March 2004 through an initial public offering of Swedish Depositary Receipts (SDRs). On 31 December 2010, the number of shareholders and SDR holders was 8,483. Each SDR represents one share. The last price paid on 30 December 2010 was SEK 354.00, giving Oriflame a total market capitalisation of SEK 20.2 billion. During 2010 an average of 270,819 shares were traded per day on the NASDAQ OMX Nordic Exchange.
Oriflame Cosmetics top 10 shareholders as at 31 December 2010
|
Oriflame Cosmetics top 10 shareholders |
Shares |
Capital and votes, % |
|
Lazard Asset Management LLC * |
6,904,079 |
12.1 |
|
Stichting af Jochnick Foundation |
6,016,001 |
10.6 |
|
JP Morgan Asset Management Ltd. ** |
5,059,081 |
8.9 |
|
Robert & Alexander af Jochnick and family |
4,392,732 |
7.7 |
|
Jonas af Jochnick and family |
4,130,400 |
7.2 |
|
Swedbank Robur Fonder AB *** |
2,541,621 |
4.5 |
|
Baillie Gifford & Co ** |
2,215,561 |
3.9 |
|
Jupiter Asset Management Ltd. ** |
2,109,956 |
3.7 |
|
Templeton Investment Counsel LLC ** |
1,367,353 |
2.4 |
|
SEB Investment Mgt / Trygg Liv *** |
818,721 |
1.4 |
|
Other |
21,424,722 |
37.6 |
|
Total |
56,980,227 |
100.0 |
Sources:
* Disclosure notice received by Oriflame from the company on 10 February 2011
** Capital Precision
*** Euroclear
Share price
Ownership structure as at 31 December 2010
|
Shareholding |
Number of shareholders |
% |
Number of shares |
% |
|
|
1–1,000 |
7,559 |
89.1 |
1,321,107 |
2 |
|
|
1,001–10,000 |
623 |
7.3 |
2,000,517 |
4 |
|
|
10,001–50,000 |
168 |
2.0 |
4,071,613 |
7 |
|
|
50,001–500,000 |
115 |
1.4 |
18,531,443 |
32 |
|
|
500,001–1,000,000 |
9 |
0.1 |
7,185,896 |
13 |
|
|
1,000,001–upwards |
9 |
0.1 |
23,869,651 |
42 |
|
|
Total |
8,483 |
100.0 |
56,980,227 |
100 |
Source: Euroclear and share register
Dividend policy and dividend proposal
The Board of Directors has adopted a dividend policy to the effect that, absent changes in the Company’s operations or capital structure, Oriflame intends to distribute, over the long term, at least 50 percent of the Company’s annual profit after tax as dividends. For 2010, the Board of Directors proposes to the Annual General Meeting a distribution of €1.50 (1.25) per share. The last day of trading including right to dividend is 19 May 2011 and payment of cash dividend will occur through Euroclear on or about 27 May 2011.
History of share capital
The table below presents the changes in the Company’s share capital since 2006. Documents pertaining to the changes in Oriflame’s share capital prior to and during this period may be consulted at the Luxembourg Register of Commerce and Companies:
|
Year |
Transaction |
Change in numbers of shares |
Change in share capital €’000 |
Total number of shares |
Total share capital €’000 |
|
2006 (1) |
Cancellation of redeemed shares |
(3,813,304) |
(4,766) |
55,669,886 |
69,588 |
|
2007 (2) |
New issue |
71,828 |
90 |
55,741,714 |
69,678 |
|
2008 (3) |
New issue |
551,601 |
689 |
56,293,315 |
70,367 |
|
2009 (4) |
New issue |
521,343 |
651 |
56,814,658 |
71,018 |
|
2010 (5) |
New issue |
165,569 |
207 |
56,980,227 |
71,225 |
(1) On 30 October 2006 the Company cancelled 3,813,304 shares, which were redeemed during the summer of 2006.
(2) New issue of shares relating to the 2007 share incentive program.
(3) New issue of shares relating to the 2008 share incentive program and vesting of the 2005 share incentive plan.
(4) New issue of shares relating to the 2009 share incentive program and vesting of the 2006 share incentive plan.
(5) New issue of shares relating to the 2010 share incentive program and vesting of the 2007 share incentive plan.