Capital and shares
The total number of outstanding shares stood at around 93.3 million shares at year-end 2018. There were no outstanding preference shares at year-end 2018. At year-end 2018, there was one outstanding priority share. No new shares were issued in 2018. The issued and paid-up priority share and the issued and paid-up ordinary shares are classified as equity. Each listed Ordina N.V. ordinary share entitles the holder to cast one vote.
Disclosure of major holdings in Listed Companies
Within the framework of the Dutch act on the disclosure of major holdings in listed companies (Wet melding zeggenschap in ter beurze genoteerde vennootschappen), Ordina received the following notifications (situation at year-end 2017):
- Shareholding 15% to 20%: Teslin Particpaties Coöperatief UA, Mont Cervin Sàrl
- Shareholding 5% to 15%: Lazard Frères Gestion SAS, Dimensional Fund Advisors
- Shareholding 3% to 5%: Acadian Asset Management, JP Morgan Asset Management Holdings Inc.
Ordina applies a transparent dividend policy. Subject to a number of conditions, and depending on the assessed size of the (current and expected) cash position, Ordina pays 40% – 60% of the net profit in a financial year as dividend.