Electrolux 2010 Annual Report Download - page 72

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annual report 2010 | part 1 | financial review in brief
Major shareholders
Number of
A-shares Number of
B-shares Total number
of shares Share
capital, % Voting
rights, %
Investor 8,270,771 33,895,362 42,166,133 13.6 29.9
Alecta Pension Insurance 500,000 25,405,000 25,905,000 8.4 7.8
BlackRock Funds 16,951,158 16,951,158 5.5 4.3
AMF Insurance & Funds 14,275,000 14,275,000 4.6 3.7
Swedbank Robur Funds 11,578,980 11,578,980 3.7 3.0
First Swedish National Pension Fund 6,944,272 6,944,272 2.2 1.8
Nordea Funds 5,763,303 5,763,303 1.9 1.5
SEB Funds 5,625,159 5,625,159 1.8 1.4
Second Swedish National Pension Fund 4,478,690 4,478,690 1.4 1.1
SHB Funds 4,284,066 4,284,066 1.4 1.1
Third Swedish National Pension Fund 3,893,901 3,893,901 1.3 1.0
Other shareholders 292,354 142,507,207 142,799,561 46.3 43.4
External shareholders 9,063,125 275,602,098 284,665,223 92.1 100.0
AB Electrolux 24,255,085 24,255,085 7.9 0.0
Total 9,063,125 299,857,183 308,920,308 100.0 100.0
Source: SIS Ägarservice and Electrolux as of December 31, 2010. The figures are rounded off. Information regarding ownership structure is updated quarterly on
www.electrolux.com/ownership-structure
Ownership structure
The majority of the total share capital as of December 31, 2010, was
owned by Swedish institutions and mutual funds (approximately
66%). At year-end, approximately 9% of the shares were owned by
Swedish private investors.
During the year, the proportion held by foreign owners decreased
and amounted to approximately 25% at the end of the year. The
volume of shares traded by foreign owners has a significant effect
on share liquidity. Foreign investors are not always recorded in the
share register. Foreign banks and other custodians may be regis-
tered for one or several customers’ shares, and the actual owners
are then usually not displayed in the register.
Shareholders by country Distribution of shareholdings
Sweden, 72%
USA, 11%
UK, 4%
Other, 13%
As of December 31, 2010, approxi-
mately 25% of the total share capital
was owned by foreign investors.
Source: SIS Ägarservice as of December 31, 2010.
Shareholding Ownership, % Number of
shareholders As % of
shareholders
1–1,000 4.3% 50,046 87.6%
1,001–10,000 5.4% 6,190 10.8%
10,001–20,000 1.4% 303 0.5%
20,001– 88.9% 621 1.1%
Total 100.0% 57,160 100%
Source: SIS Ägarservice as of December 31, 2010.
Incentive programs
Electrolux maintains a number of long-term incentive programs for
senior management. Since 2004, the Group has performance-
based share programs.
During 2010, senior managers in Electrolux purchased 243,756
B-shares under the terms of the employee stock option programs.
No B-shares were allotted under the 2007 performance-based
share program. At year-end 2010, the incentive programs corre-
sponded to a maximum dilution of 0.96% of the total number of
shares, or 2,766,934 B-shares.
68
annual report 2010 | part 1 | capital market | electrolux share