The Hemnet share 2021 is Hemnet’s first financial year as a public company, following a successful listing on Nasdaq Stockholmon 27 April 2021. The total return on Hemnet’s ordinary share was 45 1) percent since the IPO in 2021, compared to a 13 percent return in the OMXSPI during the same time period.
Ownership structure Hemnet had a total of 11,840 shareholders as of 31 December 2021. In terms of numbers, private individuals are the largest category of owners, while institutional owners dominate in terms of share capital. Ownership by employees Hemnet has in place a long-term incentive program (LTIP) for key individuals. As of the 31 Dec 2021, 32 individuals have subscribed to the program, of the 33 that were offered to subscribe. In order to remain a competitive employer, retain competence and align interest with employees, the board will be seeking the AGM’s approval for the second tranche of the LTIP program, further expanding the number of Hemnet employees invested in Hemnet. Furthermore, the board will also propose to the AGM a shares savings scheme to further enable employee share ownership. Dividend policy and proposal to the Annual General Meeting 2022 Hemnet’s dividend policy is to distribute one third of the annual profit after tax. If the company has surplus liquidity, it shall be returned to the shareholders through, for example, special dividends or share buybacks. The proposal to the 2022 AGM is a dividend of SEK 0.55 per share, and that the AGM authorises the Board of Directors to implement a buy-back programme over a twelve-month period, amounting to a maximumof 10% of the total shares outstanding.
HEMNET’S SHARE PRICE AGAINST THE INDEX 2021
SEK
250
200
150
Ownership structure - the 10 largest owners
100
Number of shares*
May
June July
Aug
Sep
Oct
Nov
Dec
Name
Capital
Verified
General Atlantic 31,167,733 30.82% 2021-12-31 Mäklarsamfundet Bransch I Sverige 10,113,148 10.00% 2021-12-31 Sprints Capital Management LTD 8,924,357 8.82% 2021-12-31 Pierre Siri 3,548,721 3.51% 2021-12-31 Baillie Gifford & Co 1,984,940 1.96% 2021-11-30 SEB Fonder 1,730,722 1.74% 2021-12-31 Government of Singapore (GIC) 1,747,550 1.73% 2021-12-31 Brown Capital Management, LLC 1,731,100 1.71% 2021-12-31 Fidelity Investments (FMR) 1,725,245 1.71% 2021-11-30 ODIN Fonder 1,630 000 1.61% 2021-12-31 * Holdings as of 31 December 2021. Direct and nominee registered holdings with NCSD. Filing dates for foreign owners may vary. Foreign custodian banks are excluded. Source: Modular Finance
The Hemnet share
OMXSPI
Stock exchange listing On 27 April 2021, Hemnet’s series A share began trading on Nasdaq Stockholm. The listing price was SEK 115 per share, which corresponds to a market value for all listed ordinary shares in the company of SEK 11,630 million at the time of the listing. The offer consisted of 17,890,403 ordinary shares, representing approximately 17.7 percent of the total number of ordinary shares of the company offered by General Atlantic, Sprints Capital and Care of Hemnet as well as a number of other shareholders, including certain board members and senior executives. Turnover In 2021, the turnover of Hemnet’s ordinary shares on Nasdaq Stockholm amounted to 57.9 million shares. This corresponds to a turnover rate of 60 percent. On average, 329,000 Hemnet shares were traded per day.
OWNERSHIP BY COUNTRY, % OF CAPITAL 2)
Facts in brief Stock exchange ISIN code / Ticker
United States
39.1% 25.0% 11.8%
Nasdaq Stockholm (Large Cap)
Sweden
SE0015671995 / HEM
United Kingdom
Listing date Share classes
27 April 2021
Norway
2.0% 1.7% 2.5%
There are two classes of shares in the company: ordinary shares and seriesA1 shares. Both share classes have the same votinganddividend rights. Themaindifference is that seriesA1 shares have a veto right against alteration of the company’s objects in the articles of association. These shares are owned by Mäklarsamfundet. For complete information on the rights of the share classes, see the company's prospectus.
Singapore
Rest of world
Anonymous ownership
17.9%
OWNERSHIP, % OF CAPITAL 2)
Total registered shares:
101,131,478, of which 96,074,904 ordinary shares and 5,056,574 series A1 shares
Swedish institutional owners Foreign institutional owners
5.3%
56.6% 12.4%
Share price and market capitalisation as of 31 December 2021 Highest / lowest price 2021 Companies that perform analysis of Hemnet Group AB Consensus estimate
Others
Swedish private individuals Anonymous ownership
7.8%
SEK 167.3 / SEK 16.9 billion
17.9%
SEK 257.00 / SEK 142.35
Barclays, Carnegie, Citi, Jeffries, Morgan Stanley, Nordea
1) Based on an IPO price of SEK 115 per share 2) Source: Modular Finance. Data compiled fromEuroclear, Morningstar, Finansinspektionen, Nasdaq.
Available via Infront
THE HEMNET SHARE
HEMNET GROUP | ANNUAL AND SUSTAINABILITY REPORT 2021 · 17
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