| Info on the IBS share 2007The IBS share was listed on the OMX Nordic Exchange on May 20, 1986. Recalculated after splits, the introductory price was SEK 2.80. During 2007, the IBS share value decreased by 50 percent and on December 31, 2007, the closing share price was SEK 13.00. Market trends and liquidity
The value of the IBS share decreased by 50 percent during the year. The highest price paid for the share was SEK 26.40 on March 20 and the lowest was SEK 12.80 on December 27, measured on closing price. The annual turnover of the IBS share decreased during 2007 to SEK 1.2 b. The average daily turn over was SEK 4.7 m and the IBS market value on December 31 was SEK 1 087 m.
Ownership structure
On December 31, the number of shareholders amounted to slightly more than 7 100, of whom the majority reside in Sweden. Owners residing in Sweden accounted for 42 percent of the total voting rights. Private owners residing in Sweden accounted for 14 percent of the voting rights and Swedish-registered institutional owners accounted for about 28 percent. At year-end, the ten largest shareholders accounted for 45 percent of the share capital and 59 percent of the voting rights.
Share capital
IBS share capital is divided into 3 150 000 Class A shares and 80 458 030 Class B shares. Class A shares carry ten votes per share and Class B shares one vote per share. Both Class A and Class B shares have a par value per share of SEK 0.20, which results in registered share capital of SEK 16 721 606. Via a profit-sharing fund for personnel established by IBS AB, the employees’ shareholding in IBS AB amounts to 248 000 shares. However, the employees hold no direct voting rights in connection with the shares noted above. Members of the Board of Directors are elected annually at the Annual General Meeting for the period up until the next Annual General Meeting. The Annual General Meeting requires a twothirds majority (that is to say, two thirds of both the listed votes and the shares represented at the Annual General Meeting) to change the articles of association, with the exception of changes stated in the Articles of Association in accordance with Chapter 7, Sections 43 to 45 of the Swedish Companies Act.
Listing
During 2007, IBS Class B share was listed on the mid-cap list of the OMX Nordic Exchange. From January 2, 2008, IBS Class B share is listed on the small-cap list of the OMX Nordic Exchange. A round trading lot consists of 500 shares.
Warrants program
No warrants programs are in effect at this time.
Dividend policy
The long-term objective of the Board of Directors is to distribute not less than 20 percent of after-tax profit to shareholders in the form of dividends. When proposing dividends, the Board takes into consideration the company’s requirements for consolidation, liquidity and capital for future expansion. Bearing this in mind, the
Board proposes that no dividend be paid for the 2007 fi scal year.
Dividend
No dividend was paid during the year.
Repurchase of own shares
At December 31, 2006, IBS had repurchased 2 076 300 shares at an average share price of SEK 21.41 per share. At year-end 2006, shares had been repurchased for a total of SEK 44.5 m. In February 2007, the Board decided to prolong the authorization to executive management to repurchase shares up until the Annual General Meeting in May for the previously determined sum of up to SEK 50 m, which was fulfilled during the first quarter. In the first quarter of 2007, 227 500 shares were repurchased at an average share price of SEK 24.32 per share. In total, 2 303 800 shares have been repurchased at an average share price of SEK 21.70 per share, resulting in a total of SEK 50 m.
| 2007 | 2006 | | Average number of shares (thousands) | 81 304 | 81 989 | | Total number of warrants (thousands) | - | - | | Earnings per share | -0.04 | -0.09 | | Cash flow per share | 1.11 | 0.65 | | Stock price at year-end | 13.00 | 26.20 | | Proposed dividend per share | - | - | | Average share price | 20.88 | 26.04 | | Market capitalization (SEK m) | 1 087 | 2 190 |
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