TELIA COMPANY SHARE

The Telia Company share is listed on Nasdaq Stockholm and Helsinki. In 2016, the share price in Stockholm declined 13 percent, to SEK 36.71. During the same period, the OMX Stockholm 30 Index increased 4.9 percent and the STOXX 600 Telecommunications Index fell 15.9 percent.

At year-end 2016, Telia Company’s market capitalization was SEK 159 billion. Besides Nasdaq Stockholm and Helsinki, the share was traded at other platforms with the major trading volumes on Chi-X and BATS.

Holdings outside Sweden and Finland decreased from 35.1 percent to 32.0 percent. Telia Company had 512,841 shareholders at year-end, of which one shareholder held more than 10 percent of the shares and votes: the Swedish State with 37.3 percent. No other shareholder held more than 5 percent of the shares and votes.

SHAREHOLDER STRUCTURE, DECEMBER 31, 2016

Number of
shares

Number of shareholders

Number of
issued shares

Percent
of issued
shares/votes

1 – 500

405,685

72,630,800

1.7

501 – 1,000

39,091

31,047,509

0.7

1,001 – 5,000

51,772

119,807,687

2.8

5,001 – 10,000

8,410

62,451,839

1.4

10,001 – 15,000

2,535

31,793,429

0.7

15,001 – 20,000

1,395

25,421,407

0.6

20,001 –

3,953

3,986,932,110

92.1

Total, issued shares

512,841

4,330,084,781

100.0

MAJOR SHAREHOLDERS, DECEMBER 31, 2016

Shareholder

Number of
issued shares

Percent
of issued
shares/votes

Swedish State

1,614,513,748

37.3

Capital Group Funds

162,536,783

3.8

Solidium Oy

137,123,642

3.2

Blackrock

69,067,163

1.6

Swedbank Robur Funds

66,877,430

1.5

Vanguard

59,015,939

1.4

AMF Insurance and Funds

44,964,265

1.0

XACT Funds

43,173,239

1.0

Nordea Funds

39,353,815

0.9

Nordea Funds (Luxemburg)

28,516,526

0.7

Total other shareholders

2,064,942,231

47.6

Total, issued shares

4,330,084,781

100.0

 

SHAREHOLDINGS BY COUNTRY, DECEMBER 31, 2016
(% OF TOTAL NUMBER OF SHARES)



Quarterly updated shareholder information is available at:
www.teliacompany.com/Shareholdings
(Information on the Telia Company website does not form part of this Report)

 

Share data

2016

2015

Paid at year-end (SEK)

36.71

42.19

Highest paid during the year (SEK)

43.24

55.65

Lowest paid during the year (SEK)

34.20

40.05

Number of shares at year-end (millions)

4,330.1

4,330.1

Number of shareholders at year-end

512,841

515,437

Earnings per share, total (SEK)

0.86

1.97

Earnings per share, 
continuing operations (SEK)

3.76

2.16

Dividend per share (SEK)1

2.00

3.00

Pay-out ratio (%)2

121

151.9

Equity per share (SEK)

20.75

22.60

1) For 2016 as proposed by the Board of Directors
2) For 2015 based on EPS and for 2016 based on free cash flow
Sources: Euroclear Sweden and Modular Finance

 

As of December 31, 2016, Telia Company’s issued share capital totaled SEK 13,856,271,299.20 distributed among 4,330,084,781 shares with a quotient value of SEK 3.20 per share. For further information, see sections “Share capital” and “Treasury shares” in Note C19 to the consolidated financial statements. All issued shares have been paid in full and apart from treasury shares carry equal rights to vote and participate in the assets of the company. At the general meeting of shareholders, each shareholder is entitled to vote for the total number of shares she or he owns or represents. Each share is entitled to one vote. As of December 31, 2016, Telia Company’s Finnish pension fund held 366,802 shares and its Finnish personnel fund 673,749 shares in the company, respectively, in total representing 0.03 percent of the outstanding shares.

There are no provisions in either the Swedish legislation or in Telia Company AB’s Articles of Association that would limit the possibility to transfer Telia Company shares. Telia Company is not aware of any agreements between major shareholders of the company regarding the Telia Company shares.

The Board of Directors does not currently have any authorization by the general meeting of shareholders to issue new shares but has the authorization to repurchase a maximum of 10 percent of the company’s total number of outstanding shares before the Annual General Meeting 2017. In order to continue to provide the Board of Directors with an instrument to adapt and improve Telia Company’s capital structure, the Board of Directors proposes that the Annual General Meeting on April 5, 2017, resolves to authorize the Board of Directors to acquire the company’s own shares. The authorization may be exercised on one or more occasions before the Annual General Meeting 2017. The maximum number of treasury shares held by the company may not exceed 10 percent of all shares in the company.

In case of a change of control in Telia Company AB, the company might have to repay certain loans at short notice, since some of Telia Company’s financing agreements contain customary change-of-control clauses. These clauses generally also contain other conditions including, for example, that the change of control has to cause a negative change in Telia Company’s credit rating in order to be effective.

For 2016, the Board of Directors proposes to the Annual General Meeting (AGM) an ordinary dividend of SEK 2.00 (3.00), totaling SEK 8,660 million (12,990), or 121 percent of free cash flow attributable to continuing operations. The dividend should be split and distributed into two equal tranches of SEK 1.00 each, one in April 2017 and one in October 2017. See also section “Proposed appropriation of earnings.”

ORDINARY DIVIDEND PER SHARE AND CHANGE
YEAR-ON-YEAR (%)

1) For 2016 as proposed by the Board of Directors