The share capital
The composition of the share capital of Royal Heijmans N.V. as at 31 December 2024 was as follows:
(x 1,000 shares) |
Share capital |
Issued capital |
||
2024 |
2023 |
2024 |
2023 |
|
Ordinary shares |
35,100 |
35,100 |
27,478 |
26,826 |
Cumulative preference B financing shares |
4,900 |
4,900 |
- |
- |
Protective preference shares |
8,000 |
8,000 |
- |
- |
48,000 |
48,000 |
27,478 |
26,826 |
Ordinary shares
The shares are held by the Heijmans Share Administration Trust (hereafter referred to as the ‘SA Trust’). The nominal value per ordinary share is € 0.30. As of 31 December 2024, the SA Trust had issued 27,475,391 depositary receipts for shares, which are listed on the NYSE Euronext stock exchange in Amsterdam. The voting rights on ordinary shares are vested in the SA Trust. Each ordinary share is entitled to one vote. Depositary receipt holders who wish to vote at a shareholders' meeting will receive an unconditional proxy from the SA Trust for this purpose. The development of the number of ordinary shares and depositary receipts and an overview of key figures per ordinary share or depositary receipt is shown in the table below.
Shares x 1,000 |
2024 |
2023 |
2022 |
2021 |
Issued 1 January |
26,826 |
23,553 |
22,760 |
21,933 |
Stock dividend |
652 |
973 |
792 |
604 |
Issue |
2,300 |
- |
223 |
|
Matching shares Share Matching Plan |
||||
Issued 31 December |
27,478 |
26,826 |
23,553 |
22,760 |
Average issued over year |
27,209 |
24,932.589 |
23,264 |
22,415 |
Earnings per share * x € 1.00 |
3.31 |
2.41 |
2.56 |
2.24 |
Proposed dividend per share x € 1.00 |
1.64 |
0.89 |
1.01 |
0.88 |
Pay-out ratio % |
50% |
40% |
40% |
40% |
Royal Heijmans N.V. is listed on Euronext Amsterdam. Relevant information regarding the stock market listing is shown in the table below:
Heijmans stock exchange listing |
2024 |
2023 |
2022 |
2021 |
2020 |
2019 |
2018 |
2017 |
2016 |
2015 |
2014 |
Closing price year-end (in €) |
31.55 |
12.12 |
10.12 |
14.90 |
9.33 |
7.50 |
8.00 |
9.71 |
5.52 |
8.18 |
8.95 |
Highest price (in €) |
32.05 |
12.90 |
15.70 |
15.40 |
9.67 |
11.52 |
12.92 |
10.87 |
9.20 |
13.36 |
14.20 |
Lowest price (in €) |
12.18 |
9.99 |
9.19 |
9.26 |
4.47 |
7.12 |
7.44 |
6.02 |
4.59 |
5.77 |
7.83 |
Dividend return on closing price (in %) |
5.2% |
7.4% |
10.0% |
5.9% |
7.8% |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
Stock exchange value at year-end (in € mln) |
867 |
325 |
238 |
339 |
205 |
161 |
171 |
118 |
118 |
175 |
174 |
Average daily turnover (in numbers) |
110,679 |
72,101 |
85,316 |
122,852 |
158,183 |
122,598 |
138,608 |
171,892 |
171,892 |
161,793 |
82,132 |
Issued capital and shareholdings
The issued capital and the associated voting rights changed on one occasion in 2024, namely on 30 May 2024, as a result of the issuance of (depositary receipts for) shares or in connection with the payment of the dividend on (depositary receipts for) ordinary shares in the form of stock dividend.
The composition of the issued capital and associated voting rights as at 31 December 2024 was as follows:
Issued capital |
(Potential) Voting rights |
||||
Number |
% |
Number |
% |
||
Total ordinary shares at year-end |
27,478,006 |
100.0% |
27,478,006 |
0.0% |
|
Depositary receipts |
27,475,391 |
100.0% |
27,475,391 |
100.0% |
|
Non-depositary receipts |
2,615 |
0.0% |
2,615 |
0.0% |
To the best of Heijmans’ knowledge, and also based on the WMZ (Dutch Major Holdings in Listed Companies Disclosure Act) register maintained by the Dutch Financial Markets Authority (AFM), the following investors held an interest of 3% or more in Heijmans as at 31 December 2024:
Interests in Heijmans |
31 december 2024 |
31 december 2023 |
31 december 2022 |
31 december 2021 |
31 december 2020 |
31 december 2019 |
||||||
Capital interest (%) |
Potential voting rights (%) |
Capital interest (%) |
Potential voting rights (%) |
Capital interest (%) |
Potential voting rights (%) |
Capital interest (%) |
Potential voting rights (%) |
Capital interest (%) |
Potential voting rights (%) |
Capital interest (%) |
Potential voting rights (%) |
|
Waterbird B.V. (Van Wanrooij family) |
8.4% |
8.4% |
8.6% |
8.6% |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
0.0% |
C.A.C.M. Oomen |
5.4% |
5.4% |
4.6% |
4.6% |
5.2% |
5.2% |
||||||
ASR Vermogensbeheer |
5.2% |
5.2% |
5.0% |
5.0% |
5.7% |
5.7% |
5.2% |
5.9% |
5.4% |
6.1% |
5.5% |
6.2% |
Dimensional Fund Advisors LLP |
4.6% |
4.6% |
3.6% |
3.6% |
4.0% |
4.0% |
3.6% |
4.1% |
3.6% |
4.1% |
3.5% |
4.0% |
JP Morgan Asset Management Holdings Inc. |
3.5% |
3.5% |
1.9% |
1.9% |
||||||||
Acadian Asset Management LLC |
3.2% |
3.2% |
3.7% |
3.7% |
4.1% |
4.1% |
3.6% |
4.0% |
3.5% |
4.0% |
3.5% |
4.0% |
Quaero Capital SA |
0.1% |
0.1% |
3.2% |
3.2% |
5.6% |
5.6% |
5.2% |
5.9% |
4.9% |
5.5% |
4.3% |
4.9% |
30.4% |
30.4% |
30.5% |
30.5% |
28.0% |
28.0% |
36.8% |
28.4% |
21.8% |
24.7% |
32.9% |
23.7% |
|
Other interests |
69.6% |
69.6% |
69.5% |
69.5% |
72.0% |
72.0% |
63.2% |
71.6% |
78.2% |
75.3% |
67.1% |
76.3% |
Total |
100.0% |
100.0% |
100.0% |
100.0% |
100.0% |
100.0% |
100.0% |
100.0% |
100.0% |
100.0% |
100.0% |
100.0% |
Based on the information provided by banks and custodians and information services, the distribution of share ownership can be broken down as follows:
In the year under review, the (estimated) shareholding held by institutional investors is likely to have fallen to approximately 43% (2023: approximately 50%). Of the number of depositary receipts for ordinary shares held by institutional investors, it is estimated that approximately 39% are held in the Netherlands (year-end 2023: approximately 44%). The decline among Dutch shareholders was accompanied by an increase that was particularly visible among French, UK and US institutional investors. It is estimated that the majority of depositary receipts for ordinary shares held by private investors are held in the Netherlands.
Share price development
At year-end 2024, the closing price of Royal Heijmans N.V. shares was € 31.55. This was a gain of 160% compared with the closing price at the end of the 2023 financial year (€ 12.12), and an outperformance of the AscX index, which rose by 5% in the same period. The graph shows the movement in the Royal Heijmans share price in 2024 compared to the AscX index, the AEX and AMX, as well as compared to the other Dutch listed construction company BAM.
Financial calendar 2025
Heijmans has set the following publication dates for 2025:
2025 |
Activities |
21 February 2025 |
Publication 2024 annual results pre-trading |
16 April 2025 |
General Meeting of Shareholders 14.00 |
25 April 2025 |
Trading update Pre-trading |
25 July 2025 |
Publication of 2025 interim results Pre-trading |
31 October 2025 |
Trading update Pre-trading |