Share capital
Intrum Justitia AB's share capital amounted to SEK 1,599,893.02 on December 31, 2010, distributed among 79,994,651 shares, each with a quota value of SEK 0.02. Each share entitles the holder to one vote and an equal share in the company’s assets and earnings.
Share-based payment for employees
Performance-Based Share Program
The Annual General Meeting in 2008 re-solved to adopt a Performance-Based Share Program for 2008 consisting of a maximum of 300,000 performance shares allocated to no more than 70 individuals (the President & CEO, other senior executives and other key individuals). A performance share in this program entitled the holder to acquire one share in Intrum Justitia for SEK 10 at a date in the future. The program was divided into two parts, one of which, corresponding to 50 percent of the performance shares, had a performance period extending from January 1, 2008 to December 31, 2009, and expired with no value.
The second part, also corresponding to 50 percent of the performance shares, had a performance period extending from January 1, 2008 to December 31, 2010. Like the first part, the performance criteria with respect to growth in earnings per share etc. were not met and this program expired with no value. See also Note 32, page 71. No similar share-based program was decided upon in 2010.
Market capitalization, Price trend and turnover
In 2010 the price of Intrum Justitia’s share rose from SEK 89.75 to SEK 103.50, an in-crease of 15.3 percent. During the same period the NASDAQ OMX Stockholm index increased by 21.2 percent. The lowest price paid for the share during the year was SEK 74.50 on May 25, and the highest was SEK 103.50 on December 30.
The price at the end of the year gave a market capitalization for Intrum Justitia of SEK 8,254 M (7,157). Share trades were concluded on every business day of the year. An average of 278,314 shares were traded per day (402,383). The turnover rate, i.e. the share’s liquidity, amounted to 0.85 (0.92), compared to 0.87 (1.07) for NASDAQ OMX Stockholm as a whole.
Shareholders
At the end of 2010 Intrum Justitia had 7,168 shareholders, compared to 7,154 the year before. The seven members of the Group Management Team held a combined 325,500 shares in Intrum Justitia at the end of the year. In addition to that the CEO holds 260,000 call options issued by a former shareholder. Intrum Justitia’s board members owned 46,500 shares and Intrum Justitia AB was holding 250,000 treasury shares at the end of 2010.