The Höganäs share is quoted on Nasdaq OMX Stockholm Exchange’s Mid Cap List.
The share is a constituent of the Metals & Mining sector index.

The closing price of Höganäs’ class B share in 2008 was SEK 70, equivalent to market capitalization of MSEK 2,457 (2,737). The share price fell by 43% in 2008, against the Mid Cap Index which fell by 50%, while the Metals & Mining index fell by 67%. OMX Stockholm fell by 42% in 2008. The Höganäs class B share set a high in the year of SEK 136.50 on 21 May and a low of SEK 68.50 on 5 December.

Share capital
Höganäs’ share capital is SEK 175,494 660, divided between 35,098,932 shares, of which 981,000 are class A shares and 34,117,932 class B shares. Both share classes have a quotient value of SEK 5.00 per share and have equal rights to participation in the Company’s assets and earnings. Each class A share has ten votes and each class B share has one vote. Only the class B share is quoted on the stock market. A trading lot is one share.

Share turnover
In 2008, turnover of the Höganäs share was 33%. A total of 27.17 million (20.45) shares were traded in 54,478 (39,724) transactions, equivalent to a rate of turnover of 77% (58). The rate of turnover for the Stockholm stock exchange was 152% (139), and for the Mid Cap list, 66% (79) with a value of MSEK 3,050 (3,307).

Redemption procedure
The Annual General Meeting 2008 resolved on the combination of a 2:1 share split and automatic redemption procedure designed to transfer capital to shareholders simply and effectively. Each redemption share was redeemed for SEK 15. The redemption procedure was implemented on 12 June, whereby the MSEK 522 was transferred to shareholders. Together with dividends of SEK 6.25 per share, a total of MSEK 740 was transferred to shareholders.
 
Share buy-backs
Höganäs did not buy back any shares in 2008. Höganäs’ holdings of treasury shares were 293,800 or 0.8% of the total number of shares at year-end.

Ownership
At year-end 2008, Höganäs had 7,360 (7,458) shareholders, down 1.3% on the previous year. The three largest shareholders in terms of share capital were Lindéngruppen AB, Industrivärden AB and Didner & Gerge aktiefond (equity mutual fund). 81.6% (76.8) of Höganäs AB’s share capital is held by Swedish investors and 18.4% (23.2) by foreign investors. The largest foreign ownership is in the UK and US with 8.8% and 5.7% of the share capital respectively. 33.4% of Swedish-held shares of Höganäs AB are held by institutions, 18.3% by mutual funds and 29.9% by private individuals. Swedish institutions increasing their holdings include Didner & Gerge aktiefond, which is now the Company’s third-largest owner. Swedbank Robur fonder, with 2.4% of the share capital, is new to the list of the 10 largest shareholders.

Dividends
The Board of Directors’ intention is to maintain annual dividend levels of some 30-50% of net income. Dividends should reflect Höganäs’ profit levels, outlook for the future, cash flow and investment need and other relevant factors. Höganäs endeavours to maintain fairly even growth of dividends.
 For the financial year 2008 the Board of Directors proposes a dividend of SEK 3, equivalent to a dividend yield of 4.3% per share, calculated on the closing price for the year. Since its initial public offering, Höganäs has had an average annual dividend yield of 3.0%.

History of the share
Höganäs was first listed on the Stockholm Stock Exchange back in 1903, when it was called Höganäs-Billesholm. In 1987, Lindéngruppen AB acquired all the shares of the Company resulting in a de-listing. The Höganäs share was re-listed on the Stockholm Stock Exchange in April 1994 and now trades on the Mid Cap list. Lindéngruppen AB remains the Company’s largest shareholder.

Investor relations
Höganäs held a large number of meetings with representatives of financial institutions in Höganäs, Stockholm and London in 2008. Höganäs arranges regular presentations when publishing its interim and annual financial statements.