General

When was Veidekke founded?
Veidekke was founded on 6 February 1936. Through acquisitions of many other contracting companies Veidekke’s history dates back to 1863 in Denmark (H. Hoffmann & Sønner) and to 1896 in Norway (Høyer Ellefsen). More on Veidekke's history

How many employees are there in the company?
At 31 December 2009 Veidekke had 6,000 employees.

Where is Veidekke’s home market?
Veidekke’s home market is Scandinavia

How is Veidekke organised?
Veidekke has three business areas: Construction, Property Development and Industrial activities (asphalt, aggregates, recycling, demolition and plant contracting). Industrial activities in Norway and Sweden only.

Where can I obtain information about Veidekke’s results?
All of Veidekke’s announcements of results and presentations are available in the IR section, under Reports and Presentations. You will also find a list of coming financial events in the Financial Calendar.

How can I obtain more information about Veidekke?
By studying Veidekke’s web sites in Norway, Sweden and Denmark thoroughly, you will find a lot of information about Veidekke. You may also contact the company for more information.

Investor information: address your questions to ir@veidekke.no.
General information: address your questions to firmapost@veidekke.no

Who are the members of Veidekke’s Board of Directors
A list of Veidekke’s board members can be found at: Key Personnel here.

Who are the members of Veidekke’s Corporate Management Team
A list of the members of Veidekke’s Corporate Management Team can be found at: Key Personnel here.

The Veidekke Share and Stock Market Issues

Who are the largest shareholders in Veidekke?
The four major shareholders in Veidekke at 31 December 2009 are OBOS Forretningsbygg AS (28.0%), IF Skadeforsikring AB (8.7%) and Folketrygdfondet (7.3%). The list of the 20 largest shareholders is updated on a weekly basis and published on our website in the IR section. The list is available here: Top 20 Shareholders.

Who are the analysts that follow Veidekke?
There are seven financial institutions following Veidekke: DnB Markets, Pareto Securities, ABG Sundal Collier, Fondsfinans A/S, SEB Enskilda Securities, Orion Securities ASA and RS Platou Markets. A list of analysts and contact information can be found here.

Where can I find information about prices and price history of the Veidekke share?
In the IR section on Veidekke’s website the Veidekke share price is updated with a delay of 15 minutes relative to the Oslo Stock Exchange. You will find information about short-term and long-term share performance, order depth, company information, last trades, profit calculator, historical export and broker statistics intraday. Go to share price here.

Why is there a 15 minutes delay in the share price listed on the web site?
The share price is delayed for at least 15 minutes in accordance with the Oslo Stock Exchange’s regulations for market data information.

Where are Veidekke shares traded?
Veidekke is quoted on Oslo Stock Exchange’s main list, with the ticker symbol VEI

Does Veidekke execute share buybacks?
Yes, Veidekke executes share buybacks as an instrument for adjusting to an appropriate capital structure in the Group. Read more about the share buybacks here.

Which are the flagging rules that apply for the Veidekke share?
The purpose of flagging rules is to notify the share market when major shareholders buys or sells shares. The obligation to submit flagging announcements occurs when passing 1/20, 1/10, 1/5, 1/3, ½, 2/3, 9/10. This means that announcements must be submitted both when an investor is buying up from e.g. 4 per cent to 6 percent and when the investor is selling down from 6 percent to 4 percent.

Does Veidekke have share program for its employees?
Yes. Veidekke is very positive to employee ownership. At end of 2009, the total shareholdings of 3,300 employees were 19 per cent of the shares in the company. Veidekke endeavours each year to give all employees the opportunity to purchase Veidekke shares at a discount on the market price. The target is that at least half of the company’s employees shall be shareholders with a total ownership share of up to 15 per cent. Employees in senior management positions (about 550 employees) are expected to hold a significant number of shares each in the company.

Dividends

What is Veidekke’s dividend goal?
Veidekke’s dividend goal is that at least 50 per cent of the company’s profit for the year be distributed to the shareholders. Read more about dividends here.

When is the dividend decided?
Dividends are announced upon presentation of the result for the year in February. The amount is subject to approval by the Annual General Meeting at the beginning of May.

Who are entitled to dividends and when are the dividends distributed?
Dividends are distributed once a year. In addition to this, any extraordinary dividends will be distributed. Shareholders registered on the date of the Annual General Meeting are entitled to dividends. Dividends will be paid approximately 11 days after the Annual General Meeting. Read more about dividends here.

How much will the dividend be for the financial year 2008?
For the financial year 2008 a dividend of NOK 2.5 per share was given.The dividend was decided on the Annual General Meeting 7 May 2009. Dividends for the financial year 2008 was paid 20 May 2009.

What is tax deducted at source?
For foreign shareholders in countries that have a tax agreement with Norway, a 15 per cent tax is deducted before dividends are paid out. In countries without tax agreement, the tax rate is 25 percent.

How high is the dividend tax rate?
Tax on dividends amounts to a rate of maximum 28 per cent, but in practice it is a bit lower because of a stipulated risk free return allowance. This amount is allocated to all Norwegian shareholders, based on cost price multiplied by risk free return rate, stipulated annually. All dividends which exceed the risk free return allowance amount are taxed by a rate of 28 per cent.

Annual general meeting

When will the next AGM be held?
The next AGM will be held at 5 May 2010 at 5 pm. See more in our Financial Calendar.

Who may attend the AGM?
Only shareholders may attend Veidekke’s Annual General Meeting. Notice of the AGM will be sent to the shareholders about two weeks before the date of the AGM. Read more about the AGM here.

Other questions?

Investor information: ir@veidekke.no | General: firmapost@veidekke.no