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Annual Report 2013

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q2 2013

q1 2013

Annual Report 2014

q4 2014

q3 2014

q2 2014

q1 2014

Annual Report 2015

q4 2015

q3 2015

q2 2015

q1 2015

q1 2016

q2 2016

q1 2016

q2 2016

q3 2016

q4 2016

Annual Report 2016

Shareholders

Wärtsilä had approximately 39,200 shareholders at the end of the financial period 2015. Foreign shareholding, including nominee-registered shares, represented 52% (48) at the end of the period, and Finnish retail investors held 19% of the share capital (20). The largest shareholder was Investor AB with 33,866,544 shares or 17% of the share capital.

Further information concerning shareholder base development can be found on the Wärtsilä IR pages at www.wartsila.com/investors.

Ownership structure on 31 December 2015
Group Number of shareholders % Number of shares %
Private corporations 1 454 3.7 16 145 619 8.2
Banks and insurance companies 76 0.2 3 955 559 2.0
Public sector entities 45 0.1 21 401 259 10.9
Non-profit organisations 863 2.2 15 949 464 8.1
Households 36 454 93.0 37 431 564 19.0
Outside Finland 308 0.8 36 789 865 18.7
Nominee registered 65 567 800 33.2
Total 39 200 100.0 197 241 130 100.0
Wärtsilä2015-graafit-EN-24.svg
Division of shares on 31 December 2015
Number of shares Number of shareholders % Number of shares %
1-100 11 439 29.2 618 191 0.3
101-1 000 19 797 50.5 8 022 310 4.1
1 001-10 000 7 208 18.4 19 771 429 10.0
10 001-100 000 681 1.7 16 366 962 8.3
100 001-1 000 000 65 0.2 17 623 860 8.9
1 000 001-10 000 000 7 0.0 14 262 079 7.2
10 000 001- 3 0.0 55 008 499 27.9
Nominee registered 65 567 800 33.2
Total 39 200 100.0 197 241 130 100.0

 

 

Wärtsilä's 50 major shareholders on 31 December 2015, excl. nominee registered
Owner Shares %
1 Avlis Invest AB 33 866 544 17.17
2 Fiskars Corporation 10 881 781 5.52
3 Varma Mutual Pension Insurance Company 10 260 174 5.20
4 Ilmarinen Mutual Pension Insurance Company 3 978 914 2.02
5 Svenska Litteratursällskapet i Finland 2 744 840 1.39
6 The Social Insurance Institution of Finland 1 935 910 0.98
7 State Pension Fund 1 800 000 0.91
8 Elo Mutual Pension Insurance Company 1 595 088 0.81
9 Kuntien eläkevakuutus 1 107 327 0.56
10 Jenny and Antti Wihuri Foundation 1 100 000 0.56
11 The Finnish Cultural Foundation 970 442 0.49
12 Schweizerische Nationalbank 969 173 0.49
13 Sigrid Jusélius Foundation 964 475 0.49
14 Sijoitusrahasto Nordea Suomi 764 782 0.39
15 Savox Investments S.A. 730 000 0.37
16 Ingman Finance Oy Ab 595 000 0.30
17 The Signe and Ane Gyllenberg Foundation 584 888 0.30
18 Samfundet Folkhälsan i Svenska Finland rf 533 900 0.27
19 Rantanen Tuula Anneli 505 066 0.26
20 Folkhälsan i Svenska Finland rf Inez och Julius Polins Fond 443 800 0.23
21 Mandatum Henkivakuutusosakeyhtiö 423 064 0.21
22 Svenska Kulturfonden i Björneborg 394 010 0.20
23 Livränteanstalten Hereditas 383 332 0.19
24 Louise och Göran Ehrnrooth Stiftelse 377 630 0.19
25 Blåberg Olli Edvard 320 000 0.16
26 Von Fieandt Johan 308 492 0.16
27 Fromond Elsa 300 956 0.15
28 William Thurings Stiftelse 299 515 0.15
29 Folkhälsans Forskningssiftelse - Kansanterveyden tutkimussäätiö 287 268 0.15
30 Sijoitusrahasto Seligson & Co 275 798 0.14
31 Stockmann Marita 271 226 0.14
32 Tallberg Carl Johan 260 582 0.13
33 Sr Danske Invest Suomi Yhteisöosake 246 714 0.13
34 Sijoitusrahasto Aktia Capital 245 000 0.12
35 Brita Maria Renlund Foundation 240 400 0.12
36 Sijoitusrahasto SEB Finlandia 240 302 0.12
37 Odin Finland 235 154 0.12
38 Holdix Oy Ab 234 000 0.12
39 Blomberg Anne-Sofie Marie 221 266 0.11
40 Åbo Akademi Foundation 214 010 0.11
41 Sr Danske Invest Suomi Osake 212 021 0.11
42 Ella och Georg Ehrnrooth Stiftelse 201 500 0.10
43 Sijoitusrahasto Alfred Berg Suomi Fokus 180 650 0.09
44 Markkola Leena 171 500 0.09
45 Barry Staines Linoleum Oy 166 570 0.08
46 Perceval Ann-Marie Caussin De 166 280 0.08
47 Suomen Kauppayhtiöt Oy 162 000 0.08
48 Relander Harald Bertel 161 000 0.08
49 Karlsson Anne Christine 160 000 0.08
50 Bergsr. Dr H.C. Marcus Wallenbergs stiftelse för företagsekonomisk forskning rf 151 700 0.08
Total 83 844 044 42.51

Changes in ownership – flagging notifications

During 2015, Wärtsilä was informed of the following changes in ownership:

On 10 September, BlackRock, Inc. increased its holding in Wärtsilä to more than one twentieth (1/20) of the Company’s votes. Following the transaction BlackRock, Inc. owned 10,019,838 shares or 5.08% of Wärtsilä’s share capital and total votes.

Management holdings

The members of the Board of Directors, the CEO, the CEO's deputy, and the corporations under their control, owned altogether 60,219 Wärtsilä Corporation shares at the end of 2015, which represents 0.03% of the stock and voting rights.

Further details on the Board of Directors' ownership of shares can be found in the Corporate Governance section.

Authorisations granted to the Board of Directors

The Annual General Meeting, held on 5 March 2015, authorised the Board of Directors to resolve to repurchase a maximum of 19,000,000 of the Company's own shares. The authorisation to repurchase the Company’s own shares shall be valid until the close of the next Annual General Meeting, however no longer than for 18 months from the authorisation.

The Board of Directors was authorised to resolve to distribute a maximum of 19,000,000 of the Company’s own shares. The authorisation for the Board of Directors to distribute the Company’s own shares shall be valid for three years from the authorisation of the shareholders’ meeting and it cancels the authorisation given by the General Meeting on 6 March 2014. The Board of Directors is authorised to resolve to whom and in which order the Company’s own shares will be distributed. The Board of Directors is authorised to decide on the distribution of the Company’s own shares other than in proportion to the existing pre-emptive right of the shareholders to purchase the Company’s own shares.

The Board of Directors' dividend proposal

The Board of Directors proposes that a dividend of 1.20 euro per share shall be distributed for the financial period that ended on 31 December 2015.

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