Ownership structure and share trading23

The value of Telekom Slovenije shares (TLSG) rose by nearly one fifth from the beginning until the end of the year. Telekom Slovenije shares were one of the most heavily traded shares on the prime market of the Ljubljana Stock Exchange, and ranked second in terms of market capitalisation.

Highlights in 2014

  1. Having recorded growth of 19.3%, Telekom Slovenije shares (TLSG) ended the year in positive territory.
  2. There were no significant changes in the ownership structure; individual shareholders, who increased their stake in the Company by 0.45 percentage points to 11.66%, recorded the most significant change.
  3. Market capitalisation stood at EUR 947.64 million at the end of the year, ranking TLSG shares second on the market in this regard.

General information regarding Telekom Slovenije, d. d. shares as at 31 December 2014

General information regarding shares 2014
Ticker symbol TLSG
Listing Ljubljana Stock Exchange, prime market
Share capital (EUR) 272,720,664.33
Number of ordinary registered no-par value shares 6,535,478
Number of shares held in treasury 30,000
Number of shareholders as at 31 December 2013 11,498

Ownership structure and largest shareholders

As at 31 December 2014 there were 11,498 shareholders entered in Telekom Slovenije’s register of shareholders, a decrease of 131 on the end of 2013. The most significant decline (of 125) was recorded by the category of individual shareholders.

There were no significant shifts in the ownership structure, as there was no change exceeding 1 percentage point in any category. Domestic corporates decreased their stake slightly, by 0.47 percentage points to 8.40%, while individual shareholders increased their stake by 0.45 percentage points to 11.66%. The Company’s largest shareholder at the end of 2014 remained the government, together with Kapitalska družba, Slovenski državni holding and Modra zavarovalnica. Collectively, 73.82% of the Company’s shares were directly or indirectly held by the government at the end of the year.

Ownership structure as at 31 December 2014

Ownership structure

Changes in the ownership structure by shareholder category

Shareholder % ownership as at 31 December 2014 % ownership as at 31 December 2013 Annual change in percentage points
Republic of Slovenia 62.54 62.54 -
Slovenska odškodninska družba, d. d. (SOD) 4.25 4.25 -
Individual shareholders 11.66 11.21 0.45
Other Slovenian corporate investors 8.40 8.87 –0.47
Kapitalska družba, d. d. 5.59 5.59 -
Investments funds and management companies 0.02 0.07 –0.05
Foreign corporate investors 4.04 4.93 –0.89
Banks 0.87 0.92 –0.05
Mutual and other funds 1.53 0.87 0.66
Telekom Slovenije, d. d. (treasury shares) 0.46 0.46 -
Insurance companies 0.54 0.17 0.37
Brokerage firms 0.10 0.12 –0.02
Total 100.00 100.00  

 

* Slovenski državni holding (SDH) was established in June 2014 with the entry into force of the ZSDH-1, and assumed the responsibilities and obligations of Slovenska odškodninska družba (SOD).

Ten largest shareholders

As at 31 December 2014 the ten largest shareholders held 77.83% of the Company’s share capital, up 0.06 percentage points on the end of 2013. Changes occurred in the structure of the ten largest shareholders, as Perspektiva FT doubled its ownership stake, while The Bank of New York Mellon and Telekom Slovenije (through treasury shares) also ranked among the top ten, replacing Intersvet and NFD 1, mešani fleksibilni podsklad.

Shareholder as at 31 December 2014 % Shareholder as at 31 December 2013 %
1 Republic of Slovenia 62.54 Republika Slovenija 62.54
2 Kapitalska družba d.d. 5.59 Kapitalska družba, d.d. 5.59
3 Slovenski državni holding, d. d.* 4.25 Slovenska odškodninska družba, d. d. 4.25
4 Perspektiva FT, d. o. o. 1.51 Modra zavarovalnica, d.d. – PPS 1.44
5 Modra zavarovalnica, d. d. – PPS 1.44 Intersvet, d.o.o. 1.10
6 NLB, d. d. 0.55 Perspektiva FT, d.o.o. 0.75
7 Triglav vzajemni skladi – delniški Triglav 0.51 NLB, d. d. 0.55
8 KD Galileo, fleksibilna struktura naložb 0.51 Triglav vzajemni skladi – delniški Triglav 0.52
9 The Bank of New York Mellon – fiduciarni 0.47 NFD 1, mešani fleksibilni podsklad 0.52
10 Telekom Slovenije, d. d. 0.46 KD Galileo, fleksibilna struktura naložb 0.51
Skupaj 77.83 Skupaj 77.77

* Prej Slovenska odškodninska družba, d. d.

 

Shares held by the Management Board and the Supervisory Board of Telekom Slovenije

Members of the Management Board and Supervisory Board held 1,549 TLSG shares as at 31 December 2014 (see table below). Other members of the aforementioned bodies did not hold the Company’s shares.

Trading in corporate shares by representatives of the Company and reporting on such transactions are governed at Telekom Slovenije by applicable legislation and the internal Rules Restricting Trading in Corporate Shares Based on Inside Information.

Name Office Number of shares % of equity
Uprava      
Rudolf Skobe, MSc President of the Management Board 300 0.00459
Zoran Janko member of the Management Board 31 0.00047
Tomaž Seljak, MSc Vice-President of the Management Board 4 0.00006
Supervisory Board      
Adolf Zupan, MSc Vice-President of the Supervisory Board 1,094 0.01674
Matej Golob Matzele member of the Supervisory Board 22 0.00034
Samo Podgornik member of the Supervisory Board 92 0.00141
Primož Per member of the Supervisory Board 5 0.00008
Dean Žigon member of the Supervisory Board 1 0.00002
Total   1.549 0,02370

 

23 GRI G4-7, G4-13
24 GRI G4-26