Shareholders of the Group
Shareholders play a special role among the stakeholders of KGHM Polska Miedź S.A. We consider open and active dialogue with this group to be a critical element in effective operation. We make sure that every participant of the Polish or international capital market has equal access to comprehensive information about the company
KGHM Polska Miedź S.A. was taken public on the Warsaw Stock Exchange (WSE) in July 1997. The Company’s shares are traded on the WSE primary market in the continuous trading system and belong to the WIG, WIG20 and WIG30 indices.
Since 2009, the Company has continuously been included in the RESPECT Index of socially responsible companies. The Company’s shares belong to the sector index WIG-GÓRNICTWO and the WIGdiv index. 2017 was successful for stock exchange trading in our shares. Our share price rose 20% during the year, from PLN 92.48, recorded on 30 December 2016, to PLN 111.20 at the end of 2017.
The price of copper – our main product – recorded a 30% increase in the same period, while the dollar to the zloty rate fell by 17%. On 21 February 2017, the Company’s shares reached their annual maximum closing price of PLN 135.50. The minimum closing price of PLN 92.17 was recorded on 2 January 2017
KGHM Polska Miedź S.A.’s share price versus the WIG and FSTE 350 indices
We strictly comply with our reporting duties as a public company. We regularly publish current and periodic reports, which we submit via the official reporting system (ESPI). We also communicate with investors by regularly attending conferences and meeting with analysts in Poland and abroad. We organize conference calls and video conferences on a regular basis in response to stakeholder needs.
We publish our financial results and at the same time hold a conference, which is open to all stakeholders and broadcast live online in Polish and English. Video recordings are available on our website www.kghm.com. On the website, in the investor relations tab, we also update the key information and documents on an ongoing basis – they include, among other things, current and periodic reports, information about the shareholder structure and documents related to shareholder meetings and corporate governance.
|Shareholder||Number of shares/votes||% of the share capital/total number of votes|
|State Treasury*||63,589,900||31.79 %|
|Nationale Nederlanden OFE**||10,104,354||5.05 %|
|Other shareholders||126,305,746||63.16 %|
* Based on the notification of 12 January 2010 received by the Company.
** Based on the notification of 18 August 2016 received by the Company.
Geographic structure of KGHM Polska Miedź S.A.’s shareholders (in %)
No changes in the amount of share capital or the number of shares took place in 2017. At the same time, according to the knowledge of the Company’s Management Board, the ownership structure of major holdings in KGHM Polska Miedź S.A. did not change either. According to the Company’s knowledge, the Management Board and the Supervisory Board members did not hold any shares in the related entities of KGHM Polska Miedź S.A. as at 31 December 2017. The Company did not have an employee share program in place either in 2017.
We celebrated the 20th anniversary of our listing on the WSE at the Łazienki Królewskie Park in Warsaw. We went public in striving for a period of stability and expecting to strengthen the company. And we did not let our shareholders down. With the commitment of our employees, our greatest assets, we will endeavour to be the showpiece of the Polish economy for decades to come – said Radosław Domagalski – Łabędzki, the then President of the Management Board of KGHM Polska Miedź S.A. The event was attended by the Management Board of KGHM Polska Miedź S.A., representatives of embassies, the Supervisory Board, the Parliament and KGHM Group Companies.