Currently the State Treasury holds 31.79% (or 63 589 900) shares of the Company, the fund Powszechne Towarzystwo Emerytalne Allianz Polska S.A. 6.12% and the fund Nationale-Nederlanden OFE 5.05% (according to information received). The remainder is held by Polish and foreign shareholders, both individual and institutional, representing the so-called „free float”.
Ownership structure (as of 6 January 2023)
|Shareholder||No. of shares/votes||Percentage of share capital||Share in total number of votes|
|Polish State Treasury||63 589 900||31.79%||31.79%|
|Powszechne Towarzystwo Emerytalne Allianz Polska S.A.||12 241 453||6,12%||6,12%|
|Nationale-Nederlanden OFE||10 104 354||5.05%||5.05%|
|Other shareholders||114 064 293||57.04%||57.04%|
|Total||200 000 000||100%||100%|
Source: CMi2i, February 2022
KGHM Polska Miedź S.A. debuted on the Warsaw Stock Exchange (GPW) in July 1997. The share capital of the Company amounts to 2 000 000 000 PLN and is represented by 200 000 000 ordinary bearer shares having a nominal value of 10 PLN each. Each share represents one vote at the General Shareholders Meeting.
The company’s shares are traded on the GPW’s primary market in a continuous trading system and are a component of the indices: WIG, WIG20, WIG20TR, WIG30, WIG30TR, WIG-GÓRNICTWO, WIG-Poland, WIG.MS-BAS, WIG-ESG, CEEplus, and by the end of 2019 also RESPECT Index.
In 2018 KGHM joined the FTSE4Good Index Series published by the London Stock Exchange. The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. KGHM perceives joining the FTSE4Good as an award for its solid performance in complying with demanding ESG standards.
Stock exchange: GPW - Warsaw Stock Exchange (website)
GPW ticker: KGH
Bloomberg ticker: KGH PW
Reuters ticker: KGH.WA
Operations on the Company’s shares and share capital
KGHM Polska Miedź S.A. has not made any changes to share capital, nor has it carried out any splits or reverse stock splits on the Company’s shares. The Company has not participated in, nor has it been a party to, any forced buybacks or calls on shares.
Issuances of shares
The Company has not conducted any subsequent share issuances apart from the initial public offering of shares of KGHM Polska Miedź S.A. in 1997.
"Bearer shares" - clarification
Please be advised that in accordance with the Polish legal system the term: "bearer shares" has a different meaning than "bearer shares" (anonymous and unregistered shares facilitating illicit actions) eliminated from the market by certain countries, e.g. in the UK (see: SBEE Act Companies: Transparency Fact Sheet (publishing.service.gov.uk). We hereby indicate that the obligatory dematerialisation of shares carried out in Poland in 2021 abolished the anonymity of all shareholders of joint-stock companies. The necessity to register bearer shares makes it possible to identify each shareholder entitled to hold shares. The division into registered and bearer shares has been upheld largely due to the legal tradition in Poland.
Information on dividend payouts and the Dividend Policy may be found in the Investors section, https://kghm.com/en/investors/shares-and-bonds/dividends.
KGHM extracts and processes precious natural resources.
Owing to its vast experience, openness and constant improvement of competencies,
the company has built a unique culture of teamwork and has ranked high on the international arena.