Hafnia has great focus on building trust and awareness in the investor community by ensuring that Investor Relations is conducted in compliance with relevant rules, regulations and recommended practices. Good relations and an open, active dialogue with shareholders, potential investors, analysts and other participants of the capital markets, shall build trust and contribute to reduced costs of capital for the company.
In order to enhance investors’ understanding of Hafnia’s performance, the company strives to ensure that all existing shareholders, potential investors and other stakeholders shall gain simultaneous access to accurate, clear, relevant, comprehensive and up-to-date information about the company.
Hafnia has an ongoing dialogue with analysts and investors and has participated in a large number of investor conferences and seminars. Since the listing in November 2019, Hafnia has made five announcements to the stock exchange.
Hafnia targets a quarterly dividend based on a pay-out ratio of 50% of annual net profit (adjusted for extraordinary items). The final amount of dividend is to be decided by the Board of Directors. Besides net profit, the Board of Directors will take into consideration the capital structure of the company, its liquidity position, capital expenditure plans and market outlook. In addition to cash dividends, the company may buy back shares as part of its total distribution to shareholders.
Composition of Shareholders
As of 31 December 2019, Hafnia had 341 registered shareholders, as per 15 February 2020 Hafnia had 546 shareholders. Below is a list of the 20 largest shareholders: