Hexagon Annual Report 2019

46 2019 AT A GLANCE FROM THE BOARD ROOM FINANCIAL STATEMENTS Shareholder Information Hexagon Composites ASA is listed on the Oslo Stock Exchange (OSE:HEX). The share capital was NOK 18.3 (16.7) million at the end of 2019, divided into 183.3 (166.6) million shares with a nominal value of NOK 0.10. Hexagon has one class of shares. See the Corporate Governance section in this report for more information on the Hexagon's poli- cies and procedures relating to shareholders and shares. In February 2019, Hexagon raised NOK 493 million in proceeds through a private placement of 16,662,780 new shares at a price per share of NOK 29.60. As of 31 December 2019, the market value of the shares was NOK 6,663 (4,074) million, based on a price per share of NOK 36.35 (25.15). The price per share appreciated by 48.7% during the year. The highest daily closing price during the year was NOK 43.90 and the lowest recorded closing price was NOK 24.95. By comparison, the OBX Total Return Index (OBX) increased by 5.5% and Oslo Stock Exchange Industrial index increased by 19.0%. The Group remains well positioned for significant growth in both the medium- and long-term as a result of continued demand for sustainable business opportunities. Hexagon is listed on the Match Segment of the Oslo Stock Exchange. All shares are freely transferable. In 2019, 130.2 (27.0) million shares were traded with a turnover rate of 71.2% (16.2%) computed on the average number of shares outstanding. SHARE DISTRIBUTION AND MAJOR SHAREHOLDERS The number of shareholders increased by 66.0% to 4,207 (2,535) in 2019. The number of foreign shareholders was 268 (189) representing 43.8% (39.4%) ownership in the Group. The majority of the foreign shareholders are from Japan, Sweden and Luxembourg. Hexagon’s largest shareholder is Mitsui & Co., Ltd., with an ownership interest of 25.0% (25.0%). The second largest shareholder is Flakk Rollon AS, which, including related parties, controls 16.0% (18.6%) of the shares. Flakk Rollon AS is a wholly owned subsidiary of KTF Holding AS. Knut Flakk, who is Chairman of Hexagon, owns 100% of KTF Holding AS. The 20 largest shareholders owned 77.5% (81.6%) of Hexagon's shares. Other shareholders are primarily private individuals, institutions and small- and medium-sized companies. Several employees including key management personnel of Hexagon hold shares and share options in the company. MAKING SUSTAINABI L ITY OUR BUSINESS OPPORTUNITY During 2019, Hexagon focused on growing its business areas as well as expanding its g-mobility and e-mobility focus. The share price closed the year 48.7% above the closing price for 2018. In the short term, the coronavirus pandemic is expected to impact our markets, businesses and operations negatively. Nevertheless, Hexagon sees growth opportunities materializing from the accelerating transition and focus on cleaner fuels.