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The Share
34 ANNUAL REPORT 2011
CHANgES IN SHARE CAPITAL
Transaction Change in share capital Total capital Total no. of shares Quota value per share
2001 Founding of the company 100,000 100,000 1,000 100
2001 Split 5000:1 0 100,000 5,000,000 0.02
2001 New issue 1) 778,729.4 878,729.4 43,936,470 0.02
2002 New issue 2) 208,216.72 1,086,946.12 54,347,306 0.02
2002 New issue 3) 612,765.96 1,699,712.08 84,985,604 0.02
2005 Redemption 4) –140,587.06 1,559,125.02 77,956,251 0.02
2007 Exercise of employee stock options 5) 22,672 1,581,797.02 79,089,851 0.02
2008 Exercise of employee stock options 6) 10,046.40 1,591,843.42 79,592,171 0.02
2009 Exercise of employee stock options 7) 8,049.60 1,599,893.02 79,994,651 0.02
2011 Reduction of the share capital 8) – 5,000 1,594,893,00 79,774,651 0.02
1) Directed to Industri Kapital 1997 Fund and Synergy at a subscription
price of SEK 0.02 per share as part of the legal restructuring of the Intrum
Justitia Group.
2) 1,402,228 shares each to Industri Kapital 1997 Fund and Synergy at
a subscription price of SEK 4.432 per share, and 3,803,190 shares each
to Industri Kapital 1997 Fund and Synergy at a subscription price of SEK
0.02 per share.
3) 30,638,298 shares to the public and institutional investors at a subscription
price of SEK 47 per share.
4) Redemption of 7,029,353 shares for a cash payment of SEK 84 per share.
The procedure involved the distribution of a total of SEK 590,325,064.94 to
the company’s shareholders, whereby the company’s share capital was reduced
by SEK 140,587.06, while the share premium reserve was reduced
by SEK 590,325 064.94.
Holding, no. of shares
No. of shareholders
Total no. of
shares
Capital and
votes, %
1–1,000 6,180 1,864,927 2.3
1,001 – 10,000 908 2,913,431 3.7
10,001 – 50,000 175 4,170,245 5.2
50,001 – 100,000 44 3,140,750 3.9
100,001 – 500,000 81 20,367,327 25.5
500,001 – 1,000,000 13 10,120,487 12.7
1,000,001 – 5,000,000 17 37,197,484 46.6
Total 7,418 79,774,651 100
5) During the period July 1 – December 31, 2007 Intrum Justitia’s share
capital increased from SEK 1,559,152.02 to SEK 1,581,797.02, corresponding
to 1,133,600 new shares and the same number of votes, as new
shares were subscribed for through the exercise of employee options.
6) During the period January 1 – December 31, 2008 Intrum Justitia’s
share capital increased from SEK 1,581,797.02 to SEK 1,591,843.42, corresponding
to 502,320 new shares and the same number of votes, as new
shares were subscribed for through the exercise of employee options.
7) During the period January 1 – December 31, 2009 Intrum Justitia’s
share capital increased from SEK 1,591,843.42 to SEK 1,599.893.02, corresponding
to 402,480 new shares and the same number of votes, as new
shares were subscribed for through the exercise of employee options.
8) The holding of 250,000 shares was cancelled during the year.
SHAREHoLDINgS BY SIzE oWNERSHIP STRUCTURE AS of DECEmBER 31
Number of shareholders owning 100 shares or less: 2,362
Total no. of shares 79,744,651 No. of shares
Capital and
votes. %
Fidelity Investment Management 7,981,067 10.0
Carnegie Funds 4,698,000 5.9
Lannebo Funds 3,700,000 4.6
CapMan Oyj 3,607,550 4.5
State of New Jersey Pension Fund 2,500,000 3.1
Swedbank Robur Funds 2,325,336 2.9
First Swedish National Pension Fund 2,316,939 2.9
Fourth Swedish National Pension Fund 2,255,635 2.8
SEB Funds 2,086,814 2.6
SHB Funds 2,063,848 2.6
Total, 10 largest shareholders 33,535,189 33.0
DATA PER SHARE
2011 2010 2009 2008 2007
Earnings before dilution, SEK 6.91 5.67 5.53 5.58 5,86
Earnings after dilution, SEK 6.91 5.67 5.53 5.56 5,83
Operating cash flow, SEK 22.15 20.37 19.12 15.88 12,85
Shareholders’ equity before dilution, SEK 35.26 32.21 31.96 30.19 23,30
Shareholders’ equity after dilution, SEK 35.26 32.21 31.96 30.28 23,46
Dividend / proposed dividend, SEK 4.50 4.10 3.75 3.50 3,25
Dividend payout, % 65.1 72.3 67.9 63.2 55,5
Share price at year-end, SEK 107.75 103.50 89.75 78.50 115,0
Yield, % 4.2 4.0 4.2 4.5 2,8
P/S, multiple 2.2 2.2 1.7 1.7 2,8
P/E, multiple 15.6 18.3 16.3 14.2 19,6
Beta 0.7 0.7 0.7 0.8 0.7
No. of shares at year-end 79,744,651 79,774,651 79,744,651 79,342,171 79,089,851
No. of shares at year-end after dilution 79,744,651 79,774,651 79,744,651 79,640,093 79,513,063
Average no. of shares 79,744,651 79,774,651 79,658,944 79,148,161 78,436,068
Average no. of shares after dilution 79,744,651 79,774,651 79,681,973 79,446,083 78,859,280