At the end of 2013, the Finnish State owned 50.8% 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 26.2% (2012: 25.4%).
|Shareholders, 31 December 2013|
|Shareholders||No. of shares||Holding %|
|Prime Minister's Office||450,932,988||50.76|
|Ilmarinen Mutual Pension Insurance Company||7,351,961||0.83|
|The Finnish Social Insurance Institution||7,195,896||0.81|
|The State Pension Fund||6,560,000||0.74|
|The city of Kurikka||6,203,500||0.70|
|Varma Mutual Pension Insurance Company||4,964,300||0.56|
|Mandatum Life Insurance Company Ltd.||4,954,834||0.56|
|Mutual Insurance Company Pension Fennia||3,476,000||0.39|
|The Local Government Pensions Institution||2,951,403||0.33|
|Tapiola Mutual Pension Insurance Company||2,300,000||0.26|
|Society of Swedish Literature in Finland||2,202,700||0.25|
|Etera Mutual Pension Insurance Company||1,710,006||0.19|
|OP-Delta Mutual Fund||1,625,000||0.18|
|Nominee registrations and direct foreign ownership*||229,790,979||25.87|
|Other shareholders in total||153,359,494||17.26|
|Total number of shares||888,367,045||100.00|
|*Excluding Schweizerische Nationalbank|
|By shareholder category||
% of total amount
|Financial and insurance institutions||2.74|
|Breakdown of share ownership, 31 December 2013|
|Number of shares owned||No. of shareholders||% of shareholders||No. of shares||% of total amount of shares|
|Unregistered/uncleared transactions on 31 December||75,696||0.01|
Management interests, 31 December 2013
At the end of 2013, the President and CEO and other members of the Fortum Management Team owned 346,106 shares (2012: 268,992) representing approximately 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 Management Team is shown in Note 12 Employee benefits.
Authorisations from the Annual General Meeting 2013
Currently the Board of Directors has no unused authorisations from the Annual General Meeting of Shareholders to issue convertible loans or bonds with warrants or to issue new shares or to buy Fortum Corporation’s own shares.