AIFELMONA HOLDINGS LIMITED,
a subsidiary of Penta Investments Limited 67.26% BZ WBK AIB Towarzystwo Funduszy Inwestycyjnych S.A.4 6.98%
Management 0.02%
Other free float 25.74%
Source: Company Data
On 21 October 2010, Fortuna successfully completed an Initial Public Offering (IPO) of its shares with the issue price set at EUR 4.3 per share. In the IPO, a total number of 18,200,000 shares were offered by the selling shareholder Penta Investments Limited (including the over-allotment), including 2,000,000 newly-issued shares. The total volume of the offering equalled EUR 78.26 million based on the 18,200,000 shares. After the exercise of the over-allotment option, 34,975,330 shares remained with Penta; the rest were sold to institutional and retail investors. About 1% of the offering was allocated to retail.
The IPO was twice oversubscribed and the issue price was set at just under the upper end of the indicated price range. Shares of Fortuna Entertainment Group N.V. were listed on the Prague Stock Exchange on 27 October 2010 (conditional trading from 22 October) and on the Warsaw Stock Exchange on 28 October 2010.
As of 31 December 2012, the issued and paid-up share capital of FEG amounted to EUR 520,000 and was divided into 52,000,000 shares with a nominal value of EUR 0.01 each. All of the shares are ordinary registered shares, are fully paid up and rank pari passu with each other, and there is no other authorised class of shares. All shares have been or will be issued under Dutch law. All shares have one vote and carry equal dividend rights.
The shares are traded on the Prague Stock Exchange under ISIN NL0009604859 BAAFOREG and on the Warsaw Stock Exchange under FEG. The shares of FEG since 20 December 2010 have been part of the PX index, which covers the shares of all major issuers on the Prague Stock Exchange.
FORTUNA ENTERTAINMENT GROUP N.V.
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4Clients and investment funds managed by BZ WBK AIB Towarzystwo Funduszy
Inwestycyjnych S.A., were as of 14 January 2013 jointly holding 2,535,128 shares in the Company, constituting 4.88% of the share capital issued by the Company.
Share Price Development and Trading Activity in 20125 In 2012, FEG shares were traded for a total value of CZK 799 million on the Prague Stock Exchange and for a total value of PLN 51.4 million on the Warsaw Stock Exchange. The lowest trading prices during the year were CZK 80 and PLN 13.1 and the highest were CZK 103 and PLN 17.7 on the Prague and Warsaw Stock Exchanges, respectively.
The closing prices on 31 December 2012 were CZK 85 on the Prague Stock Exchange and PLN 13.5 on the Warsaw Stock Exchange and the market capitalisation of FEG came to CZK 4.4 billion (based on the Prague Stock Exchange quote).
1.1.2012 – 31.12.2012
Prague Stock Exchange Share Price Development
Source: PSE
1.1.2012 – 31.12.2012
Warsaw Stock Exchange Share Price
Source: WSE 10 12 14 16 18 20
January February March April May June July August September October November December
PLN 70 80 90 100 110 120
January February March April May June July August September October November December
Changes in the Shareholder Structure in 2012
During the financial year ending 31 December 2012, the Company did not receive any other notification from
shareholders about an acquisition or change of a major holding in the share capital and the total voting rights attached to the shares issued by the Company.
The total stake held by the management of the Company as of 31 December 2012 was 0.015%.
Dividend Policy
The Annual General Meeting (AGM) of shareholders of Fortuna Entertainment Group N.V. (FEG), held on 25 May 2012 in Amsterdam, approved a Management Board proposal to effect a gross dividend of EUR 11.96 million which, based on a total number of shares of 52,000,000, equalled EUR 0.23 per share.
The dividend record date was 8 June 2012. The actual payment of the dividend occurred on 25 June 2012. The proposed dividend pay-out represented 90% of the net profit from the continuing operations (consolidated accounts) and it is in accordance with the communicated dividend policy – the dividend payout ratio is 70–100% of the net profit from the continuing operations (consolidated accounts).
The Company’s long-term dividend policy is to pay out 70–100% of consolidated net profit. The exact dividend for the financial year 2012 will be proposed by the Management Board to shareholders at the AGM, which is expected to take place in May 2013.
Fortuna’s Investor Relations Commitment
In the period since the IPO, Fortuna has focused on developing research coverage for the Company, developing relationships with analysts and setting up investor relations communications according to the best market standards. At present, the Company has 10 sell-side analysts, who publish research on the Company, and a number of other commenting analysts from both international investment banks and CEE-based financial institutions.
Fortuna is dedicated to open and proactive communication with its shareholders and has implemented a schedule of investor communications events, which is fully compliant with market standards for listed companies.
FORTUNA ENTERTAINMENT GROUP N.V.
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Financial Results Calendar for 2013
7 May 2013 Interim Management Statement for the Period Starting 1 January 2013 29 August 2013 Half Year Report 2013 incl. First Half 2013 Financial Results