AkzoNobel and the capital markets
In February 2020, CFO Maarten de Vries (pictured) and CEO Thierry Vanlancker hosted an investor event in London. Broadcast live by video webcast, it provided an update on the company’s Winning together: 15 by 20 strategy, including plans for 2020 and beyond.
Shares
AkzoNobel’s common shares are listed on Euronext Amsterdam. The company is included in the AEX Index, which consists of the top 25 listed companies in the Netherlands, ranked on the basis of their turnover in the stock market and free float. During 2020, 203 million AkzoNobel shares were traded on Euronext Amsterdam (2019: 229 million). AkzoNobel has a sponsored level 1 ADR program and ADRs can be traded on the international OTCQX platform in the US. Please refer to the table below for stock codes and ticker symbols.
Euronext ticker symbol |
AKZA |
|---|---|
ISIN common share |
NL0013267909 |
OTC ticker symbol |
AKZOY |
ISIN ADR |
US0101995035 |
AkzoNobel has 100% free float and a broad base of international shareholders. Based on an independent shareholder analysis, the “Distribution of shares” chart (see below) shows the geographical spread of institutional shareholders.
Around 4% of the company’s share capital is held by private investors, many of whom are resident in the Netherlands. Approximately 41% of the company’s share capital is held by socially responsible investing (SRI) shareholders*, compared with 11% in 2019. This increase has mainly been driven by the reclassification of several major shareholders, according to Nasdaq’s methodology.
Around 41% of the company’s share capital is held by socially responsible investing (SRI) shareholders.
*As calculated by Nasdaq, according to their methodology, which is to include the sum of:
- Core sustainable and responsible investor firms where 100% of equity assets are managed with an environmental, social and governance (ESG) approach
- Sustainable and responsible investor themed funds managed by a broad range of sustainable and responsible investors
|
2018 |
2019 |
2020 |
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|---|---|---|---|---|---|---|---|---|---|
Year-end (share price in €) |
70.40 |
90.69 |
87.86 |
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Year-high (share price in €)2 |
82.70 |
91.86 |
91.60 |
||||||
Year-low (share price in €)2 |
68.82 |
69.12 |
48.50 |
||||||
Number of shares outstanding at year-end (in millions) |
256 |
200 |
191 |
||||||
Market capitalization at year-end (in € billions) |
17.8 |
18.1 |
16.7 |
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Dividend per share (in €) |
1.80 |
1.90 |
1.95 |
||||||
Dividend yield (in %)3 |
2.6 |
2.1 |
2.2 |
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|
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Share price performance 2020
AkzoNobel share price in €
Following 2020 reviews, AkzoNobel was included in a number of leading sustainability indices and continues to be the reference in the paints and coatings industry. Please refer to our approach to sustainable business in the Sustainability statements for a complete overview.
The AkzoNobel share price was 3.1% lower at year-end 2020, compared with 2019 year-end.
Analyst recommendations
At year-end 2020, AkzoNobel was covered by 26 equity brokers. An overview of analyst recommendations is shown in the graph above.
Distribution of shares 2020
in %
