VMETRO aims to provide the financial and capital markets with frequent information on all relevant financial conditions and major developments in the company. All relevant information will be posted on the Oslo Stock Exchange website (www.ose.no) as well as the company's website. In addition to publishing and distributing annual and quarterly reports, regular presentations are made to investors and stock brokerage firms. All relevant information is made available in both Norwegian and English.
VMETRO will regularly ensure that both the form and content of the financial information publicized are in accordance with the regulations of the financial authorities and the Oslo Stock Exchange.
The company does not have special personnel who handle Investor Relations (IR). Consequently, both the Chief Executive Officer and Chief Financial Officer have responsibility for investor relations and stock-related information.
The company was awarded both the Information and English Symbols for fulfilling the requirements for disclosure of information by the Oslo Stock Exchange.
Dividends and Earning per share
It is the company's objective to pay out dividends that are competitive. Motions on future dividends will be dependent on VMETRO's earnings, financial situation and other factors including liquidity needs and projected growth. The dividend for 2005 is set at NOK 0.75 per share, which is at the same level as the previous year.
VMETRO dividends and earning per share for the last few years are:
|
NOK |
2005 |
2004 |
2003 |
2002 |
2001 |
|
Earning per share |
1.52 |
1.15 |
0.42 |
0.38 |
1.97 |
|
Dividend per share |
0.75 |
0.75 |
0.75 |
0.50 |
0.38 |
Stock value, fluctuations and earnings in 2005
At the beginning of the year, VMETRO shares were worth NOK 28.0 per share, which constituted a stock value of NOK 643.5 million, while corresponding figures at the end of the year were NOK 26.30 and NOK 604.4 million respectively. Dividends per share of NOK 0.75 were paid out in the course of the year such that the share price fell 3% for the year. In comparison, the IT index on the Oslo Stock Exchange rose by 18% during the same period. During March 2006, VMETRO shares were traded for between NOK 31.50 and NOK 34.00, corresponding to a stock value of between NOK 723.9 million and NOK 781.4 million.
In the course of 2005, a total of around 30 million VMETRO shares were traded on the Oslo Stock Exchange.
Number of shares and nominal value
VMETRO asa has a share capital of NOK 11 491 040, with 22 982 080 shares at a nominal value of NOK 0.50 per share. The company has only one class of share with no restrictions on voting rights.
Holdings of own shares
At the Annual General Meeting of May 3, 2006, motion was granted to buy back VMETRO’s own shares. The motion restricts the buyback to up to 10% of share capital and is valid until the next AGM. As of May 3, 2006, VMETRO has a total of 101 635 shares in the company.
Share ownership
As of December 31, 2005, VMETRO had over 900 shareholders while about 10% of the shares were foreign owned.
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