This web annual report has been
abridged and modified for ease of use. The complete annual
report will be released during week 13, after which you can
also download the
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Share capital
The share capital of Parent Company Tamro Corporation on
31 December 2001 amounted to EUR 114,837,083 and it was divided
into a total of 114,837,083 shares with a nominal value of
EUR 1.
On 31 December 2001, the company held 341,000 repurchased
own shares. During the financial period 2001 the company did
not trade in its own shares.
Incentive system
The Group has adopted option schemes and policies as incentives
for its key employees and personnel.
The subscriptions may increase
the share capital of the company by a maximum of 6,882,000 shares,
or EUR 6,882,000.
Repurchase and conveyance of company's
own shares
The Annual General Meeting held on 23 April 2001 authorised
the Board of Directors to decide on the repurchase and the
conveyance of own shares (book-entry securities).
By the end of 2001 the company had not bought back or conveyed
any Tamro Corporation shares. The company held 341,000 own
shares, repurchased according to the decision of the 1999
Annual General Meeting. This holding corresponds to 0.3% of
the year-end share capital.
Shareholders
On 31 Dec 2001, 27% of Tamro Corporation's shares were in
Finnish, 19.3% in Swedish and 35.3% in German ownership. In
addition to that, another 18.2% of the shares were nominee
holdings, and 0.2% other foreign holdings. Foreign ownership
accounted thus for a total of 73% of Tamro's shares.
Holdings of Board members and CEO in
Tamro Corporation 31 Dec 2001
Shares
205,000
Year
1997 warrants
310,000
Year
2000 share options rights
400,000
Holdings include assets of dependents and significantly influenced
companies and they correspond to 0.18% of shares and voting
rights.
Holdings of other Group Management and
permanent insiders in Tamro Corporation 31 Dec 2001
Shares
206,113
Year
1997 warrants
390,000
Year
2000 share options rights
1,050,000
Dividend policy and distribution to owners
The aim of the Board is to ensure that Tamro's shares remain
a high-performance long-term investment object. Provided that
Tamro's financial development continues along healthy lines,
the Board targets a dividend pay-out ratio of around 50% of
the earnings per share (EPS).
The Board of Directors proposes to the Annual General Meeting
that the 2001 dividend be set at EUR 0.15 per share, including
a bonus dividend.
Share listing, performance and trading
volume
Tamro Corporation shares are listed on the Helsinki Exchanges.
Shareholdings
by ownership bracket on 31 December 2001
No. of shares
held
No.
of holders
Total
no. of shares
Percentage
of shares and voting rights, %
1-500
5,169
1,147,115
1.00
501-1 000
1,551
1,273,948
1.11
1 001-5 000
1,611
3,720,699
3.24
5 001-20 000
277
2,599,660
2.26
20 001-50 000
44
1,353,971
1.18
50 001-500 000
36
4,730,337
4.12
500 001-
11
99,935,868
87.02
Shares not transferred
to book-entry securities system
75,485
0.07
Total
8 699
114 837 083
100,00
Major shareholders
on 31 December 2001
1,000 shares
Share of equities
1. Meco Holding A/S
34,456
30.0
2. Apoteket AB
22,114
19.3
3. Nordic Pharma Invest A/S
6,084
5.3
4. The Tapiola Insurance Group
5,703
5.0
5. Sampo Group
4,517
3.9
6. Orion
3,815
3.3
7. Varma-Sampo Mutual Pension
Insurance Company
1,718
1.5
8. Kaleva Mutual Insurance Company
1,278
1.1
9. OKO Bank
284
0.2
10. Nordea Life Assurance Ltd
274
0.2
11. Toivanen Marja
222
0.2
12. Investment Fund Aktia Capital
210
0.2
13. Odin Finland
203
0.2
14. Toivanen-Koivisto Maarit Hannele
202
0.2
15. Jenny and Antti Wihuri Fund
195
0.2
16. Veritas Pension Insurance
Company
192
0.2
17. Liljeström Ulf Mikael
142
0.1
18. Folkhälsans Forskningsstiftelse
134
0.1
19. OP-Tuotto Mutual Fund
118
0.1
20. Gyllenberg Small Firm Fund
112
0.1
Others
32,864
28.6
TOTAL
114,837
100
Phoenix Pharmahandel AG &
Co (Meco Holdings A/S and the nominee-registered Nordic Pharma
Invest A/S) total 35.3% of all shares.
Total nominee holdings 23.5% of all shares, holdings of Tamro
Corporation 0.3% of all shares.
Share capital
changes 1995-2001
Increase method
and time
Change in number
of shares
Change in
share capital,
FIM/EUR
New share capital,
FIM/EUR
Private placement
25 Aug -15 Oct 1995
40,114,333
FIM 401,143,330
FIM 881,633,700
Private placement
18 June-26 June 1998
34,456,060
FIM 344,560,600
FIM 1,226,194,300
Warrant subscription/1994 warrant
bond
21 December 1998
100,000
FIM 1,000,000
FIM 1,227,194,300
Cancellation of shares/Own
shares repurchased by Tamro Corporation in 1998
28 April 1999
- 2,404,000
FIM -24,404,000
FIM 1,203,154,300
Change of share par value from
FIM 10 to EUR 1
28 April 1999
-
EUR -82,040,596.93
EUR 120,315,430
Warrant subscription/1994 warrant
bond
13 December 1999
50,000
EUR 50,000
EUR 120,365,430
Warrant subscription/1994 warrant
bond
15 May 2000
500
EUR 500
EUR 120,365,930
Cancellation of shares/Own
shares repurchased by Tamro Corporation in 1999 and 2000
16 May 2000
