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Shareholders

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Wärtsilä had 49,382 shareholders at the end of the financial period 2018. Foreign shareholding, including nominee registered shares, represented 54.5% (55.9) at the end of the period, and Finnish retail investors held 17.9% of the share capital (17.7). Further information concerning the company’s shareholder base development can be found on Wärtsilä’s IR pages at www.wartsila.com/investors.

Ownership structure on 31 December 2018
Group Number of shareholders % Number of shares %
Private corporations 1 902 3.9 45 119 958 7.6
Banks and insurance companies 113 0.2 19 114 087 3.2
Public sector entities 50 0.1 63 271 820 10.7
Non-profit organisations 923 1.9 35 947 203 6.1
Households 46 003 93.2 105 685 525 17.9
Outside Finland 391 0.8 5 911 228 1.0
Nominee registered 316 673 569 53.5
Total 49 382 100.0 591 723 390 100.0
Ownership_structure.svg
Division of shares on 31 December 2018
Number of shares Number of shareholders % Number of shares %
1-100 10 133 20.5 496 145 0.1
101-1 000 22 281 45.1 9 385 351 1.6
1 001-10 000 14 625 29.6 45 286 471 7.7
10 001-100 000 2 153 4.4 52 897 482 8.9
100 001-1 000 000 170 0.3 44 896 460 7.6
1 000 001-10 000 000 17 0.03 46 685 304 7.9
10 000 001- 3 0.006 75 402 608 12.7
Nominee registered 316 673 569 53.5
Total 49 382 100.0 591 723 390 100.0
Wärtsilä's 50 major shareholders on 31 December 2018, excluding nominee registered

The largest shareholder was Investor AB with 104,599,632 shares or 17.7% of the share capital at year-end. Investor AB's shares are included in the nominee register and therefore not visible in the below table.

Owner Shares %
1 Fiskars Corporation 32 645 343 5.52
2 Varma Mutual Pension Insurance Company 30 780 522 5.20
3 Ilmarinen Mutual Pension Insurance Company 11 976 743 2.02
4 The Social Insurance Institution of Finland 5 807 730 0.98
5 Elo Mutual Pension Insurance Company 5 150 000 0.87
6 Svenska Litteratur-sällskapet i Finland rf 4 554 777 0.77
7 State Pension Fund 3 920 000 0.66
8 Keva 3 831 981 0.65
9 Op-Suomi -Sijoitusrahasto 3 115 798 0.53
10 The Finnish Cultural Foundation 2 920 440 0.49
11 Jenny and Antti Wihuri Foundation 2 700 000 0.46
12 Sigrid Jusélius Foundation 2 359 505 0.40
13 Schweizerische Nationalbank 2 007 488 0.34
14 Oy Ingman Finance Ab 1 650 000 0.28
15 Savox Investments S.a. 1 643 000 0.28
16 Rantanen Tuula Anneli 1 515 198 0.26
17 Mandatum Henkivakuutusosakeyhtiö 1 491 123 0.25
18 The Signe and Ane Gyllenberg foundation 1 463 664 0.25
19 Samfundet Folkhälsan i Svenska Finland rf 1 434 600 0.24
20 Holding Manutas Oy 1 120 000 0.19
21 Blåberg Olli Edvard 1 000 000 0.17
22 Louise och Göran Ehrnrooth Stiftelse sr 982 890 0.17
23 Livränteanstalten Hereditas Ab 950 270 0.16
24 Sijoitusrahasto Nordea Suomi Passiivinen 866 787 0.15
25 Fromond Elsa Margaretha Louise 860 800 0.15
26 Folkhälsan i Svenska Finland rf Inez och Julius Polins Fond 838 800 0.14
27 Stockmann Marita 813 678 0.14
28 Sijoitusrahasto Aktia Capital 800 000 0.14
29 William Thurings Stiftelse sr 770 750 0.13
30 Sijoitusrahasto Nordea Pro Suomi 712 485 0.12
31 Sr Danske Invest Suomi Yhteisöosake 710 000 0.12
32 Von Fieandt Berndt Johan 706 146 0.12
33 Åbo Akademi Foundation 688 880 0.12
34 Holdix Oy Ab 613 500 0.10
35 Sijoitusrahasto Seligson & Co 536 756 0.09
36 Seb Finlandia Sijoitusrahasto 519 408 0.09
37 Markkola Leena 519 370 0.09
38 Folkhälsans Forskningsstiftelse - Kansanterveyden tutkimussäätiö 516 204 0.09
39 Brita Maria Renlund Foundation 511 400 0.09
40 Säästöpankki Kotimaa -Sijoitusrahasto 500 075 0.08
41 Sijoitusrahasto Evli Suomi Select 500 000 0.08
42 Barry Staines Linoleum Oy 499 710 0.08
43 Perceval Ann-Marie Caussin De 498 840 0.08
44 Karlsson Anne Christine 480 000 0.08
45 Keskinäinen Vakuutusyhtio Kaleva 471 106 0.08
46 Brotherus Pia Monica 453 006 0.08
47 Ella and Georg Ehrnrooth Foundation 424 500 0.07
48 Tallberg Carl Johan 421 746 0.07
49 Odin Finland 409 896 0.07
50 Seligson & Co Suomi Indeksirahasto 389 413 0.07
Total 141 054 328 23.84

Changes in ownership – flagging notifications

Under the provisions of the Finnish Securities Markets Act, shareholders of listed companies have an obligation to notify both the Finnish Financial Supervision Authority and the listed company of changes in their holdings when crossing predefined thresholds. The table below summarises the flagging notifications received by Wärtsilä during 2018. Further information can be found on Wärtsilä’s website.

Release date Transaction date Shareholder Threshold Direct holding, % Total holding, %
26.2.2018 23.2.2018 BlackRock, Inc. Above 10% 9.88 10.04
28.2.2018 27.2.2018 BlackRock Investment Management (UK) Limited Below 5% 4.85 6.10
2.3.2018 1.3.2018 BlackRock, Inc. Below 10% 7.13 9.98
8.3.2018 6.3.2018 BlackRock, Inc. Above 10% 6.64 10.01
9.3.2018 8.3.2018 BlackRock, Inc. Below 10% 6.60 9.97
14.3.2018 13.3.2018 BlackRock, Inc. Above 10% 6.69 10.04
19.3.2018 16.3.2018 BlackRock, Inc. Below 10% 8.22 9.66
22.3.2018 21.3.2018 BlackRock Investment Management (UK) Limited Above 5% 5.07 6.03
6.9.2018 5.9.2018 BlackRock Investment Management (UK) Limited Below 5% 4.75 5.78
28.9.2018 27.9.2018 BlackRock Investment Management (UK) Limited Above 5% 5.03 5.14
2.10.2018 1.10.2018 BlackRock Investment Management (UK) Limited Below 5% 4.9999 5.11
3.10.2018 2.10.2018 BlackRock Investment Management (UK) Limited Above 5% 5.04 5.16
5.10.2018 4.10.2018 BlackRock Investment Management (UK) Limited Below 5% 4.99 5.11
8.10.2018 5.10.2018 BlackRock Investment Management (UK) Limited Above 5% 5.04 5.11
16.10.2018 12.10.2018 BlackRock Investment Management (UK) Limited Below 5% 4.98 5.04
18.10.2018 16.10.2018 BlackRock Investment Management (UK) Limited Below 5% - -
23.10.2018 19.10.2018 BlackRock Investment Management (UK) Limited Above 5% 4.98 5.01
24.10.2018 22.10.2018 BlackRock Investment Management (UK) Limited Above 5% 5.005 5.029
25.10.2018 23.10.2018 BlackRock Investment Management (UK) Limited Below 5% - -

Management holdings

The members of the Board of Directors, the President & CEO, the CEO's deputy, and the corporations under their control, owned altogether 205,703 shares in Wärtsilä Corporation at the end of 2018, which represents 0.03% of the stock and voting rights. Further details on the Board of Directors' and Board of Management’s ownership of Wärtsilä's shares can be found in the Corporate Governance section.

Authorisations granted to the Board of Directors

The Annual General Meeting, held on 8 March 2018, authorised the Board of Directors to resolve to repurchase a maximum of 57,000,000 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 18 months from the authorisation of the shareholders’ meeting.

The Board of Directors was authorised to resolve to distribute a maximum of 57,000,000 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 2 March 2017. The Board of Directors was authorised to resolve to whom and in which order the Company’s own shares will be distributed. The Board of Directors was 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 0.48 euro per share be paid for the financial year 2018. The dividend will be paid in two equal instalments.

Related pages

Board of Directors' report

CEO review

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