At the end of 2014, the Finnish State owned 50.76% of the company's shares. The Finnish Parliament has authorised the Government to reduce the Finnish State's holding in Fortum Corporation to no less than 50.1% of the share capital and voting rights.
The proportion of nominee registrations and direct foreign shareholders increased to 32.3 % (2013: 26.2%).
|Shareholders, 31 December 2014|
|Shareholders||No. of shares||Holding %|
|Prime Minister's Office||450,932,988||50.76|
|The Finnish Social Insurance Institution||7,030,896||0.79|
|The State Pension Fund||5,960,000||0.67|
|Varma Mutual Pension Insurance Company||5,224,300||0.59|
|Elo Mutual Pension Insurance Company||4,620,800||0.52|
|Ilmarinen Mutual Pension Insurance Company||4,487,880||0.51|
|The Local Government Pensions Institution||3,679,403||0.41|
|Nordea Fennia Fund||2,174,227||0.25|
|OP‑Delta Mutual Fund||1,725,726||0.19|
|Society of Swedish Literature in Finland||1,452,675||0.16|
|Nordea Pro Finland Fund||1,433,767||0.16|
|Nominee registrations and direct foreign ownership*||284,749,426||32.05|
|Other shareholders in total||106,073,321||11.94|
|Total number of shares||888,367,045||100.00|
|*Excluding Schweizerische Nationalbank|
|By shareholder category|| % of total amount|
|Financial and insurance institutions||1.61|
|Breakdown of share ownership, 31 December 2014|
|Number of shares owned||No. of shareholders||% of shareholders||No. of shares||% of total amount of shares|
|Unregistered/uncleared transactions on 31 December||73,636||0.01|
Management interests, 31 December 2014
At the end of 2014, the President and CEO and other members of the Fortum Executive Management Team owned 430,457 shares (2013: 346,106) representing approximately 0.05% (2013: 0.04%) of the total shares in the company.
A full description of the shareholdings and interests in long-term incentive schemes of the President and CEO and of other members of the Fortum Executive Management Team is shown in Note 12 Employee benefits.
Authorisations from the Annual General Meeting 2014
Currently the Board of Directors has no unused authorisations from the Annual General Meeting of Shareholders to issue convertible loans or bonds with warrants to issue new shares or to buy Fortum Corporation’s own shares.