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Shareholders

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Wärtsilä had 76,889 shareholders at the end of the financial period 2019. Foreign shareholding, including nominee registered shares, represented 52.8% (54.5) of the total shareholder base at the end of the period, while Finnish retail investors represented 20.4% (17.9). Investors in Sweden, the United Kingdom and the United States held the largest percentage of foreign shares. 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 2019
Group Number of shareholders % Number of shares %
Private corporations 2 840 3.7 26 018 199 4.4
Banks and insurance companies 125 0.2 23 504 765 4.0
Public sector entities 47 0.1 69 807 761 11.8
Non-profit organisations 1 020 1.3 39 377 904 6.7
Households 72 383 94.1 120 630 442 20.4
Outside Finland 474 0.6 111 508 050 18.8
Nominee registered 200 876 269 33.9
Total 76 889 100.0 591 723 390 100.0
ownership_structure.svg
Division of shares on 31 December 2019
Number of shares Number of shareholders % Number of shares %
1-100 24 012 31.2 1 087 193 0.2
101-1 000 33 520 43.6 13 496 821 2.3
1 001-10 000 16 841 21.9 50 729 613 8.6
10 001-100 000 2 300 3.0 55 657 442 9.4
100 001-1 000 000 183 0.2 45 140 133 7.6
1 000 001-10 000 000 30 0.0 72 715 976 12.3
10 000 001- 3 0.0 152 096 118 25.7
Nominee registered 200 800 094 33.9
Total 76 889 100.0 591 723 390 100.0

Wärtsilä's 50 major shareholders on 31 December 2019, excluding nominee registered

Owner Shares %
1 Invaw Invest AB 104 711 363 17.7
2 Varma Mutual Pension Insurance Company 31 768 252 5.4
3 Ilmarinen Mutual Pension Insurance Company 15 616 503 2.6
4 Elo Mutual Pension Insurance Company 6 400 000 1.1
5 Virala Oy Ab 5 900 000 1.0
6 The Social Insurance Institution of Finland 5 807 730 1.0
7 Svenska litteratursällskapet i Finland r.f. 5 180 677 0.9
8 Holdix Oy Ab 4 558 714 0.8
9 Turret Oy Ab 4 102 162 0.7
10 State Pension Fund of Finland 4 020 000 0.7
11 Keva 3 736 467 0.6
12 Jenny and Antti Wihuri Foundation 2 700 000 0.5
13 Sigrid Jusélius Foundation 2 374 505 0.4
14 The Finnish Cultural Foundation 2 207 497 0.4
15 Schweizerische Nationalbank 2 028 124 0.3
16 Op-Suomi -sijoitusrahasto 1 801 541 0.3
17 Oy Ingman Finance Ab 1 709 000 0.3
18 Nordea Allemansfond Alfa 1 614 914 0.3
19 Sijoitusrahasto Nordea Pro Suomi 1 598 317 0.3
20 Holding Manutas Oy 1 540 000 0.3
21 Rantanen Tuula Anneli 1 523 798 0.3
22 Samfundet Folkhälsan i Svenska Finland rf 1 434 600 0.2
23 The Signe and Ane Gyllenberg foundation 1 400 000 0.2
24 Blåberg Olli Edvard 1 220 000 0.2
25 Sr Danske Invest Suomi Osake 1 198 298 0.2
26 Sijoitusrahasto Evli Eurooppa 1 194 681 0.2
27 Louise och Göran Ehrnrooth Stiftelse 1 143 642 0.2
28 Bergsrådinnan Sophie von Julins Stiftelse sr 1 129 518 0.2
29 Veritas Pension Insurance Company Ltd 1 089 966 0.2
30 Nordea Swedish Stars 1 038 709 0.2
31 Folkhälsan i Svenska Finland rf Inez och Julius Polins Fond 1 023 600 0.2
32 Oy Julius Tallberg Ab 1 021 740 0.2
33 Sijoitusrahasto Nordea Suomi Passiivinen 1 017 776 0.2
34 Seb Finlandia Optimized Low Carbon 956 883 0.2
35 Åbo Akademi Foundation 894 947 0.2
36 Fromond Elsa Margaretha Louise 860 800 0.1
37 William Thurings Stiftelse 840 380 0.1
38 Stockmann Marita 813 678 0.1
39 Gripenberg Gerda Margareta Lindsay Db 808 000 0.1
40 Livränteanstalten Hereditas 755 470 0.1
41 Von Fieandt Berndt Johan 706 146 0.1
42 Brita Maria Renlund Foundation 700 000 0.1
43 Sijoitusrahasto Seligson & Co 658 350 0.1
44 Von Julin Sofia Margareta Db 646 000 0.1
45 Folkhälsans Forskningsstiftelse - Kansanterveyden tutkimussäätiö 639 404 0.1
46 Sijoitusrahasto Aktia Capital 600 000 0.1
47 Ella and Georg Ehrnrooth Foundation 553 161 0.1
48 Markkola Leena 541 661 0.1
49 Barry Staines Linoleum Oy 510 000 0.1
50 Op-Henkivakuutus Oy 507 995 0.1
Total 236 804 969 40.0

  

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 2019. Further information can be found on Wärtsilä’s website at www.wartsila.com/investors/shareholders/flaggings.

Transaction date Shareholder Threshold Direct holding, % Total holding, %
22.2.2019 BlackRock, Inc. Below 5% 4.94 5.35
26.2.2019 BlackRock, Inc. Above 5% 5.07 5.42
22.3.2019 BlackRock, Inc. Below 5% 4.82 5.38
26.4.2019 BlackRock, Inc. Above 5% 5.02 5.18
3.5.2019 BlackRock, Inc. Below 5% 4.95 5.18
7.5.2019 BlackRock, Inc. Above 5% 5.00 5.23
10.5.2019 BlackRock, Inc. Below 5% 4.98 5.23
21.5.2019 BlackRock, Inc. Above 5% 5.02 5.16
24.5.2019 BlackRock, Inc. Below 5% 4.97 5.16
31.5.2019 BlackRock, Inc. Below 5% Below 5% Below 5%
11.6.2019 Fiskars Corporation Below 5% Below 5% Below 5%

Management holdings

The members of the Board of Directors, the President & CEO, and the corporations under their control, owned altogether 226,930 shares in Wärtsilä Corporation at the end of 2019, which represents 0.04% 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 7 March 2019, 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 issue either new shares or transfer own shares held by the company. The maximum number of shares to be so issued shall not exceed 57,000,000. The Board of Directors was authorised to issue the shares for consideration or without consideration. The Board of Directors was also authorised to issue the shares in deviation from the shareholders’ pre-emptive rights by way of a directed issue, if there is a weighty financial reason for the company to do so. The authorisation for the Board of Directors to issue 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 8 March 2018 to distribute 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 2019. The dividend will be paid in two equal instalments.

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