Shareholder Information
Share Capital
Eimskip’s shares started trading on Nasdaq Iceland on November 16, 2012 with the ISIN number IS0000019800 and under the ticker symbol EIM.
Total number of shares 2023 was 164.375.680. Each share has a nominal value of ISK 1.00 and entitles its holder to one vote. The Company holds 3,474,320 shares in treasury, corresponding to 2.07% of the total issued share capital of the Company. Outstanding shares are 167.85 million. The number of shareholders at year-end 2023 was 942 which was a decrease of 42 from the beginning of year.
Largest Shareholders
At the end of 2023, three of Eimskip’s shareholders each owned over 10% in the Company: Seley ehf. owned 33.82% of outstanding share capital, Gildi – lífeyrissjódur owned 12.96%, and Lífeyrissjódur verzlunarmanna was the third largest with 12.46%. The 10 largest shareholders held 86% of the total outstanding shares at year-end 2023.
10 LARGEST SHAREHOLDERS
As at December 31 2023
DISTRIBUTION OF SHARES
As at December 31 2023
SHARE PRICES
2023 and 2024
Share Prices and Market Capitalization
The closing price of Eimskip’s shares on March 1, 2024 was ISK 391 per share with market capitalization based on outstanding shares in the amount of ISK 64.3 billion, equal to EUR 429.8 million.
Dividend Policy
The policy of Eimskipafélag Íslands hf. is to pay an annual dividend that equals an amount in the range of 10 - 65% of net earnings. Decisions on dividend payments and their exact amount are subject to the Company’s future investment plans, market outlook, and satisfactory capital structure at any given time. The dividend policy is accessible on the Company’s website.
The Board of Directors proposed to the Annual General Meeting 2024 a dividend payment to shareholders in the amount of ISK 22.53 per share. The proposed dividend payment is ISK 3.7 billion or approximately EUR 25.0 million, which represents 45.9% of net earnings for the year 2023.
Investor Relations Policy
Eimskip recognizes the value of transparent and open communication with the Company’s stakeholders, consistent with commercial confidentiality and regulatory considerations. Stakeholders include investors, employees, customers, suppliers, the media, local communities, and authorities.
The Board has issued an Investor Relations (IR) Policy, which outlines the objectives and processes for effective communication between Eimskip and its various audiences. The IR Policy is available on the Company’s website.
Other Shareholder Information
Eimskip’s Investor Relations website provides information for investors, market participants and others. The website contains information about the Company, such as Corporate Governance documents, financial reports and presentations, Annual Reports, documents relating to Annual General Meetings, a general presentation on Eimskip, share information, news releases, and investor contacts.