Share data

The Annual General Meeting 2011 resolved that on a distribution of the shares in the wholly owned subsidiary Concentric AB. In light of the group’s strong cash flow and balance sheet after the sale of the Traction Systems Division 2010, the AGM also resolved on a mandatory redemption of shares. The mandatory redemption procedure resulted in total distribution to the shareholders of SEK 1,459 million, corresponding to SEK 33 per share.

All shares in the wholly owned subsidiary Concentric AB were distributed, and each share in Haldex AB entitled the owner to one share in Concentric AB. The record date for entitlement to receive the Concentric shares was set to 13 June 2011. The shares in Concentric AB were distributed by Euroclear Sweden AB and listed at NASDAQ OMX Stockholm on 16 June 2011.

The AGM resolved, in accordance with the board’s proposal, on a mandatory redemption of shares including a share split, a reduction of the share capital with repayment to the shareholders and a bonus issue. Each share was split into two new shares (share split 2:1), one of which was redemption share (HLDX IL). The record date for the share split was 4 July 2011. After a period of trading on NASDAQ OMX Stockholm, the redemption shares were redeemed in exchange of SEK 30 in cash. The record date for the right to receive the redemption amount is 25 July 2011.On July 28 the redemption amount of SEK 30per share was paid to holders of redemptions shares. Finally, in order to restore the share capital, a bonus issue without issuance of new shares was transfer funds from the non-restricted equity to the share capital.

The turbulence on the world’s stock exchanges was also reflected on the NASDAQ OMX Stockholm. NASDAQ OMX Stockholm decreased -18.1% in 2011, with the OMX Stockholm Industrial Index (industrial goods and services), the sector in which Haldex is included, also decreased -25.5%.

Total market capitalization at year-end 2011 was SEK 1,114 m (4,653).

A total of 57,9 million Haldex shares (34.2) were traded during 2011, corresponding to average trading volume of 229,012 shares (224,111) per day. The lowest price paid during the year was SEK 23.60* on November 23 and December 14 and the highest price was SEK 34.6* on August Trading on Nasdaq OMX Stockholm accounted for 78% of turnover (92) in the Haldex share during the year. The remaining 22% of trading took place in other markets as a result of the EU’s MiFID Directive, which was implemented in 2007 and enables trading in marketplaces other than the one on which the share is listed.

The turnover rate for the share rose to 131% (128). On NASDAQ OMX Stockholm, the turnover rate declined to 95% (119) and the rate on the MidCap list was 66% (65).

*Refers to the trading in the Haldex share after the redemption procedure was finalized (29 July–31 December).