Cargotec’s class B share is listed on the Nasdaq Helsinki stock exchange. The number of B shares is 55,182,079 and the number of unlisted A shares is 9,526,089.
Please find more information on the share price development and other relevant topics below.
Cargotec's class B share is quoted on the Nasdaq Helsinki Large Cap list as of 1 June 2005 under trading code CGCBV. The shares are registered in the book-entry securities system maintained by Euroclear Finland Ltd., which also maintains the official shareholder register of Cargotec.
|Earnings per share|||||||||||
|Equity per share, EUR||22.10||21.65||20.73||18.76||19.18||20,02|
|Dividend per B share, EUR||1.05***||0.95||0.80||0.55||0.42||0.72|
|Dividend per A share, EUR||1.04***||0.94||0.79||0.54||0.41||0.71|
|Dividend per earnings, B share, %||49.8***||48.7||36.1||49.6||47.1||49.7|
|Dividend per earnings, A share, %||49.5***||48.3||35.7||48.7||46.0||49.1|
|Effective dividend yield, B share, %||2.2***||2.2||2.3||2.2||1.6||3.6|
|Price per earnings, B share, EUR||22.4||22.0||15.6||23.0||30.4||13.8|
|Development of share price, class B share, EUR|
|Closing price, end of period||47.20||42.89||34.50||25.55||27.09||19.95|
|Market capitalisation, B share, 31 Dec, MEUR *||2,595||2,355||1,900||1,403||1,484||1,093|
|Trading volume, number of B shares, '000 **||33,407||42,653||58,340||53,641||41,105||64,275|
|Trading volume, number of B shares, % **||60,0||73.9||104.5||96.0||74.0||118.8|
|Outstanding shares, number of B shares, '000||54,974||54,917||55,072||54,911||54,789||51,819|
* Excluding own shares
** On Nasdaq Helsinki Ltd
*** Board's proposal
Cargotec's share capital, fully paid and entered in the trade register, is EUR 64,304,880, comprising a total of 55,182,079 listed class B shares and a total of 9,526,089 unlisted class A shares.
Each class A share has one (1) vote and each complete lot of ten class B shares has one vote in the Shareholders’ Meeting, with the proviso that each shareholder is entitled to at least one vote.
Number of votes at 31 December 2017
|Number of votes at 31 December 2017*|
*Excluding shares in the joint book-entry account.
|||A shares||B shares||Share capital, EUR|
|31 Dec 2017||9,526,089||55,182,079||64,304,880|
|31 Dec 2016||9,526,089||55,182,079||64,304,880|
|Share subscriptions with stock options 2010B as of 13 May 2016||||17,096|||
|31 Dec 2015||9,526,089||55,164,983||64,304,880|
|Share subscriptions with stock options 2010A and 2010B in 2015||||253,774|||
|31 Dec 2014||9,526,089||54,911,209||64,304,880|
|Share subscriptions with stock options 2010A and 2010B in 2014||||122,704|||
|31 Dec 2013||9,526,089||54,788,505||64,304,880|
|Share subscription with stock options 2010A in 2013||||9,714|||
|31 Dec 2012||9,526,089||54,778,791||64,304,880|
|31 Dec 2011||9,526,089||54,778,791||64,304,880|
|31 Dec 2010||9,526,089||54,778,791||64,304,880|
|31 Dec 2009||9,526,089||54,778,791||64,304,880|
|Share subsciptions with option rights in 2009||||600|||
|31 Dec 2008||9,526,089||54,778,191||64,304,280|
|Share subscriptions with option rights in 2008||||83,907|||
|31 Dec 2007||9,526,089||54,694,284||64,220,373|
|Share subscriptions with option rights in 2007||||173,913|||
|31 Dec 2006||9,526,089||54,520,371||64,046,460|
|Share subscriptions with option rights in 2006||||125,505|||
|31 Dec 2005||9,526,089||54,394,866||63,920,955|
|Share subscriptions with option rights in 2005||||166,200|||
|1 Jun 2005||9,526,089||54,228,666||63,754,755|
The Board of Directors proposes to the Annual General meeting convening on 20 March 2018 a dividend of EUR 1.04 per class A share and EUR 1.05 per outstanding class B share be paid. The Board also proposes that the dividend shall be paid in two instalments, in March and September 2018. The dividend for class A shares would be paid in two EUR 0.52 instalments. The dividend for outstanding class B shares would be paid in EUR 0.53 and EUR 0.52 instalments.
The first instalment shall be paid to shareholders who on the record date for dividend distribution, 22 March 2018, are registered as shareholders in the company's shareholder register. The dividend payment date proposed by the Board of Directors is 29 March 2018.
The second instalment shall be paid in September 2018. The second instalment shall be paid to shareholders who are registered as shareholders in the company’s shareholder register on the dividend record date, which, together with the payment date, shall be confirmed by the Board of Directors in its meeting scheduled for 18 September 2018. The dividend record date for the second instalment as per the current rules of the Finnish book-entry system would be 20 September 2018 and the dividend payment date 27 September 2018, unless the renewal of the securities processing infrastructure by Euroclear Finland Ltd brings the dividend payment date a few days earlier.
|Dividend, A share, EUR||1.04*||0.94||0.79||0.54||0.41||0.71|
|Dividend, B share, EUR||1.05*||0.95||0.80||0.55||0.42||0.72|
|Earnings per share, EUR||2.11||1.95||2.21||1.11||0.89||1.45|
|Dividend/EPS, % (B share)||49.8||48.7||36.1||49.6||47.1||49.7|
*Board's proposal to Annual General Meeting 2018
Cargotec has no valid option programmes. Details of the two expired option programmes are below.
The Annual General Meeting 2010 confirmed that stock options will be issued to the key personnel of Cargotec and its subsidiaries. The maximum total number of stock options issued was 1,200,000 and the stock options entitled their owners to subscribe for a maximum total of 1,200,000 new class B shares in Cargotec.
The share subscription price was be based on the volume weighted average price of the company’s class B share on the Nasdaq Helsinki Ltd during two full weeks following the Annual General Meeting in 2010, 2011 and 2012. Dividends paid annually were deducted of subscription price. The beginning of the share subscription period required attainment of targets established for a financial criterion determined by the Board of Directors annually.
The stock options 2010A and 2010B were issued in the Finnish paperless book-entry system and listed on the main list of Nasdaq Helsinki Ltd.
|Share subscription period||1 April 2013 -
30 April 2015
|1 April 2014 -
30 April 2016
|Subscription price||EUR 18.05 / share||EUR 27.74/ share|
|No of option rights to be used for share subscription||400,000||21,136|
|Option rights exercised||384,912||18,376|
|Class B shares subscribed||384,912||18,376|
A total of 378,864 stock options 2010B and a total of 400,000 stock options 2010C held by Cargotec have been cancelled, as the earnings criteria for the stock options were not fulfilled.
Cargotec's option program was based on the demerged Kone Corporation's 2004 option programme under which holders of Option Rights under the KONE 2004 Option Program received New Option Rights pursuant to the Demerger as follows:
|Share subscription period||13.6.2005-31.3.2008||13.6.2005-31.3.2009|
|Subscription price||EUR 8.59/share||EUR 8.59/share|
|Option rights exercised||72,185||111,190|
|B shares subscribed||216,555||333,570|
Cargotec's Board of Directors has been authorised by the Annual General Meetings in 2014 and 2017 as follows:
Repurchasing of own shares
The Annual General Meeting of 21 March 2017 authorised the Board of Directors to decide on the repurchase of own shares with non-restricted equity. Altogether no more than 6,400,000 own shares may be purchased, of which no more than 952,000 are class A shares and 5,448,000 are class B shares. This authorisation shall remain in effect for a period of 18 months from the resolution by the Annual General Meeting.
Issuance of shares as well as issuance of options and other special rights entitling to shares
The Annual General Meeting of 18 March 2014 authorised the Board of Directors to decide on the issuance of shares as well as the issuance of options and other special rights entitling to shares referred to in chapter 10 section 1 of the Finnish Companies Act. The amount of shares to be issued based on this authorisation shall not exceed 952,000 class A shares and 5,448,000 class B shares. The authorization covers both the issuance of new shares as well as the transfer of treasury shares. The authorisation remains in effect for a period of five years following the date of decision of the Annual General Meeting.