In line with tradition, <strong>Clas</strong> <strong>Ohlson</strong>’s <strong>Annual</strong> General Meeting is one of the largest in Sweden, and every year attracts many visitors to Insjön in Dalarna, Sweden. In addition to the actual meeting, participants are also able to see the new items in <strong>Clas</strong> <strong>Ohlson</strong>’s product range, meet <strong>Clas</strong> <strong>Ohlson</strong>’s Board of Directors, executive management and other employees, and enjoy lunch together. Another much-appreciated feature is the entertainment provided by Swedish folk musicians.
One of Sweden's largest <strong>Annual</strong> General Meetings <strong>Clas</strong> <strong>Ohlson</strong> B shares are listed on the Nasdaq OMX Nordic Exchange Stockholm and have been listed on the Stockholm Stock Exchange since 1999. The issue price was SEK 106 which, following the split (4:1) in October 2001 and an additional split (2:1) in October 2004, now corresponds to SEK <strong>13</strong>.25. During the financial year, extending from 12 May <strong>2012</strong> to 30 April 20<strong>13</strong>, the share price declined from SEK 99 to SEK 87 kronor, down 12 per cent. The Affärsvärlden General Index rose <strong>13</strong> per cent during the same period. During the period, the lowest price paid was SEK 81.25, quoted in November <strong>2012</strong>, while the highest price paid was SEK 106.00, recorded in August <strong>2012</strong>. Share turnover During the period, 16,304,343 <strong>Clas</strong> <strong>Ohlson</strong> shares were traded on the Stockholm Stock Exchange, representing a turnover rate of 26 per cent. The total turnover rate on the Nasdaq OMX Stockholm during the same period was 70 per cent. On 30 April 20<strong>13</strong>, <strong>Clas</strong> <strong>Ohlson</strong>’s total market capitalisation was SEK 5.7 billion. Share capital The share capital of <strong>Clas</strong> <strong>Ohlson</strong> totals SEK 82 M, comprising 5,760,000 A shares and 59,840,000 B shares, each with a quotient value of 1.25. Each A share carries ten votes, while each B share carries one vote. All shares carry equal rights to payment of dividends. Holders of A shares can request that their A shares be converted to B shares. Treasury shares The number of registered shares amounts to 65,600,000, which remains unchanged compared with the preceding year. On 30 April 20<strong>13</strong>, the company held 2,312,192 shares (1,985,000), corresponding to 4 per cent of the total number of registered shares (3 per cent). At the end of the period, the number of shares outstanding, net after repurchase, was 63,287,808. To safeguard the company’s commitment regarding conditional matching shares and employee stock options in connection with LTI <strong>2012</strong> (see more on page 69), <strong>Clas</strong> <strong>Ohlson</strong> repurchased 366,000 shares during the first quarter of the <strong>2012</strong>/<strong>13</strong> financial year for a total of SEK 36 M at an average price of approximately SEK 99 per share. Shareholders On 30 April 20<strong>13</strong>, the company had a total of 26,449 shareholders, according to the register of shareholders maintained by Euroclear Sweden, compared with 27,462 on 30 April <strong>2012</strong>. The ten largest shareholders at that time held 59 per cent of the capital and 77 per cent of the votes. Non-Swedish shareholders accounted for 30 per cent of the capital and 31 per cent of the votes. Swedish institutions accounted for 34 per cent of the capital and 19 per cent of the votes. Swedish private individuals accounted for 36 per cent of the capital and 50 per cent of the votes. Dividend policy and dividend <strong>Clas</strong> <strong>Ohlson</strong>’s dividend policy is justified as follows: The dividend is to comprise at least 50 per cent of earnings per share after tax, with consideration for the financial position.The previous dividend policy required that the dividend ratio correspond to approximately 50 per cent of the profit after tax, and that surplus liquidity, if any, be distributed. The Board of Directors proposes that a dividend of SEK 4.25 per share (4.25) be paid for <strong>2012</strong>/<strong>13</strong>. The proposed dividend amounts to a total of SEK 279 M (279), corresponding to 84 per cent (70) of the financial year’s net profit. Shareholder information Since <strong>Clas</strong> <strong>Ohlson</strong> is intent on keeping the market continuously informed of its sales figures, these figures are reported as often as once a month. The information is issued in a press release mid-way through the following month. <strong>Clas</strong> <strong>Ohlson</strong>’s financial results are presented four times a year, at the end of each quarter. The company distributes a printed annual report by post to all shareholders who so request and also regularly sends interim reports to those who express an interest in receiving them. The interim reports can be delivered by e-mail or in a printed version by post, as requested. The company’s <strong>Annual</strong> General Meeting is also one of Sweden’s most popular AGMs. All financial information regarding <strong>Clas</strong> <strong>Ohlson</strong> is available on the company’s website: http://about.clasohlson.com. Press releases and reports are presented there as soon as they are published. The website contains all of the press releases, interim reports and annual reports published by the company since its initial listing on the stock exchange in October 1999. Analysts’ presentations held by the company around the time of the publication of its interim report are also available on the website. Included in Sustainability Index On 3 December <strong>2012</strong>, <strong>Clas</strong> <strong>Ohlson</strong> was included in the NASDAQ OMX Sustainability Index, which serves as a guide for sustainable investments. The index is calculated and compiled by NASDAQ OMX in collaboration with GES Investment Services and includes listed companies that are leaders in terms of sustainability. Shares and shareholders 45
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