Royal BAM Group nv shares
Stock exchange listing
The shares of BAM have been listed on the Euronext Amsterdam stock exchange since 1959. BAM is listed on the AMX index (Midkap) as well as on the Euronext NEXT-150 Index. Royal BAM Group ordinary share options have been traded by Liffe, the Euronext derivatives exchange, since 2006.
The total stock exchange value (market capitalisation) of the Group was €1.4 billion at year-end 2015 (year-end 2014: almost €0.7 billion).
The 2015 closing price for the ordinary share was €5.13, which was 99 per cent higher compared to the closing price at year-end 2014 (€2.58). The share’s performance was well above the AMX index (9.7 per cent increase). BAM’s share price rose by about 12 per cent over the last five years. By way of comparison, the AEX and the AMX index rose by 25 per cent and 9 per cent in the same period.
> Graph 56 shows the history of the BAM ordinary share price over the past five years.
Volume of trade on NYSE Euronext Amsterdam
The liquidity of the Royal BAM Group ordinary share increased in 2015. The number of ordinary shares traded increased by about 14 per cent to a total of 798 million in the financial year (2014: 699 million).
The average daily trade was 3,117,000 ordinary shares (2014: 2,742,000). The value of ordinary shares traded in 2015 rose by 68 per cent to €3,152 million (2014: €1,875 million). In 2015 the average daily trade in BAM shares was €12.3 million (2014: €7.3 million).
> Graph 57 shows the development of the average number of ordinary shares traded in 2015 on Euronext Amsterdam.
> Graph 58 shows the development of the average value of traded ordinary shares on Euronext Amsterdam in 2015.
If necessary, ING and Rabobank act as liquidity providers for the trade in ordinary shares.
Movements in the number of outstanding shares
In 2015, the number of outstanding ordinary shares decreased by 604,975 to 270,393,982, due to the repurchase of shares for the long term incentive plan. The movement in the number of outstanding shares in 2015 is shown in > Table 60. The average number of ordinary shares in 2015 was 270,956,691 (2014: 270,394,898).
According to the AFM register of substantial shareholdings, five institutional investors have real interests of 3 per cent or more.
Changes may have occurred, however, within the disclosure thresholds.
> Table 61 shows the interests of 3 per cent or more according to the AFM register of substantial shareholdings.
Dividend policy and proposed dividend for 2015
BAM proposes a dividend of 2 eurocents per ordinary share, in line with its dividend policy to pay out 30 to 50 per cent of the net result for the year. This will be paid in cash, with a scrip alternative.
BAM attaches great importance to the provision of transparent and identical information to all investors. BAM’s investor relations policy is geared to informing investors about the Group’s strategy, objectives, performance and prospects in good time, fully and in clear and unambiguous terms. Business results will not be adequately reflected in the value of the shares unless there is high-quality communication with investors.
The explanatory comments organised by BAM upon the publication of the results (annual figures, half-yearly figures and interim statements) are accessible to anyone online (webcast).
The press meetings for the annual and half-yearly figures are held in Dutch. The analysts meetings will be held in English. More information on this subject can be found on the company’s website.
The company organises road shows and participates at investor conferences during the year to meet investors. All data and venues are published on the website.
For questions or more information concerning BAM, please visit the company’s website at www.bam.eu. Shareholders (or potential shareholders) and financial analysts can address any questions to the Investor Relations Manager of Royal BAM Group, Mr Joost van Galen, e-mail email@example.com, telephone +31 (0)30 659 87 07.