According to Modular Finance AB, as of December 31, 2017, the following companies, foundations and mutual funds were the ten largest registered shareholders based on voting rights:
|SCA's ten largest shareholders, based on votes, as of December 31, 2017|
|1||Industrivärden||35 000 000||31 800 000||9,5 %||29,7 %|
|2||Norges Bank||8 066 000||42 530 137||7,2 %||9,6 %|
|3 827 747
||5 846 050
|4||Swedbank Robur Fonder||34 005 834||4,8 %||2,6 %|
|5||AMF Försäkring & Fonder||475 000||21 008 401||3,1 %||2,0 %|
|6||BlackRock||20 195 989||2,9 %||1,6 %|
|7||Fidelity||19 185 470||2,7 %||1,5 %|
|8||Livförsäkringsbolaget Skandia||1 705 441||1 553 258||0,5 %||1,4 %|
|9||SEB Fonder||18 030 477||2,6 %||1,4 %|
|1 303 000||3 576 950||0,7 %||1,3 %|
|Top 10||50 377 188||197 732 566||35,3 %||54,6 %|
|Others||14 210 803||440 021 932||64,7 %||45,4 %|
|Total||64 587 991||637 754 498||100,0 %||100, 0 %|
|Source: Modular Finance|
Dividend and dividend policy
SCA aims to provide long-term stable and rising dividends to its shareholders. When cash flow from current operations exceeds what the company can invest in profitable expansion over the long-term – and under the condition that the capital structure target is met – the surplus shall be distributed to the shareholders.
The Board of Directors proposes a dividend of SEK 1.50 per share for 2017. A dividend of SEK 6.00 per share was paid for 2016. As the distributed hygiene business accounted for the larger share of both sales, profit and capital employed at SCA, dividends for 2017 not be compared with dividends from previous years.
SCA shares are quoted and traded on NASDAQ Stockholm, and as American Depository Receipts (ADR level 1) in the US through Deutsche Bank.
SCA was introduced on the Stockholm Exchange in 1950.
A-listan SCA A (ISIN code: SE 0000 171 886)
A-listan SCA B (ISIN code: SE 0000 112 724)
ADR program in the US
In order to make the SCA share more readily available to American investors, SCA established a Level 1 ADR Program in the US in December 1995. This means that B shares are available as depositary receipts in the US without any formal stock exchange registration. These receipts, which are listed in USD, are regarded as US securities (symbol SVCBY). One ADR corresponds to one share. The ADR depositary bank is Deutsche Bank Trust Company Americas.
Allocation of acquisition cost for shares
in connection with SCA AB's distribution of the shares in Essity Aktiebolag
The Swedish Tax Agency has decided that of the acquisition cost for shares of series A in SCA AB, 21 percent should be attributed to these shares and 79 percent to the received shares of series A in Essity Aktiebolag. Of the acquisition cost for shares of series B in SCA AB, 20 percent should be attributed to these shares and 80 percent to the received shares of series B in Essity Aktiebolag.
FORM 8937 disclosure – Report of Organizational Actions Affecting Basis of Securities
Svenska Cellulosa Aktiebolaget SCA has – as a reporting issuer – on its website published Form 8937 due to the distribution of Essity-shares to its shareholders on 15 June 2017.
SCA's Annual General Meeting in 1999 authorized the holders of A shares to convert their shares to B shares. To request such conversion, fill in the form below. For the total number of registered share, please see the table below:
|February 28, 2018|
|Number of A shares||64,587,831|
|Number of B shares||637,754,658|
|Total number of registered shares||702,342,489|
Share issues etc. 1993–2016
Since 1993 the share capital and the number of shares have increased due to new issues, conversions and splits, as detailed below:
|SEKm||(except No. of shares)||No. of shares||Increase in
|1993||Conversion of debentures
and new subscriptions
through Series 1 warrants
|New issue 1:10,
issue price SEK 80
|1999||New issue 1:6,
issue price SEK 140
|2003||Conversion of debentures
and new subscription
through warrants IIB