The XANO share 2017

Change in the number of shares
At the Annual General Meeting on 10 May 2017, it was decided to increase the number of shares by splitting each existing share into two new shares of the same type (2:1 split). The split was conducted in June, with 9 June as the record date.

Price developments and yield
XANO’s share price rose by 43.0 per cent during 2017, from SEK 104.75 to SEK 149.75. The highest closing price during the year was recorded on 3 May at SEK 171.00 (SEK 342.00 before recalculation), with the lowest closing price being recorded on 6 July at SEK 134.00. The number of shares sold totalled 536,046, which corresponds to a turnover rate of 7.4 per cent, and the combined value of the trading in class B shares amounted to SEK 110.5 million. As at 31 December 2017, XANO’s share value amounted to SEK 2,110.5 million, based on the latest closing price and the total number of shares. Paid dividend amounted to SEK 2.25 per share, following recalculation, while total yield for the year amounted to just over 45 per cent. 

Dividend policy
It is the aim of the Board of Directors that dividends over an extended period will follow the earnings trend and correspond to at least 30% of profit after tax. The annual dividend proportion must however be viewed in relation to investment needs and any repurchase of shares.
       For the 2017 financial year, the Board proposes a dividend of SEK 4.00 (2.25) per share, totalling SEK 55.8 million (31.1) based on the current number of outstanding shares. The previous year’s dividend per share has been recalculated as a result of the implemented share split. The proposed dividend corresponds to approx. 35 per cent (44) of the profit for the year and a direct yield of 2.7 per cent (2.1) calculated from the share price at the end of the year.

The number of shareholders increased significantly during the year. At the end of 2017, XANO had 2,439 shareholders, compared to 1,758 shareholders at the same time the year before. Of these, 2,250 were physical persons living in Sweden. The ten largest shareholders jointly held 94.3 per cent of the votes and 81.1 per cent of the capital. Institutional ownership made up 3.2 per cent of the votes and 10.6 per cent of the capital.