The Proximus Share

Share information

Stock market Ticker National SVM code Bloomberg code Thomson code
First Market of Euronext Bruxelles PROX 3810.27 PROX BB PROX-BT

The Proximus share is listed in several indexes including the BEL20 and the major European/Telecom indexes.

The table below shows the main indicators on the Proximus share performance.

Share information 2011 2012 2013 2014 2015
Share price high 27.64 24.60 23.25 32.29 35.67
Share price low 21.40 20.80 16.32 20.78 27.94
Share closing price at last trading of 31 December 24.24 22.21 21.55 30.10 30,00
Annual trading volume (number of shares) 148,786,324 142,139,111 189,753,834 178,802,905 179,825,076
Average trading volume per day (number of shares) 578,935 555,231 744,133 701,188 702,442
Number of outstanding shares 317,648,821 318,321,665 319,204,181 321,230,597 322,003,751
Weighted average number of outstanding shares 319,963,423 318,011,049 318,759,360 320,119,106 321,767,821
Key data per share as reported 2011 2012 2013 2014 2015
EBITDA1 5.93 5.62 5.33 5.48 5.12
Net Income (Group Share) 1 2.36 2.24 1.98 2.04 1.52
Ordinary dividend (gross) 1.68 1.68 1.68 1.00 1.00
Interim-dividend (gross) 0.50 0.81 0.50 0.50 0.50
Gross dividend yield2 9.0% 11.2% 10.1% 5.0% 5.0%
Price/earnings at last trading day of December2 10.26 9.92 10.90 14.73 19.73
Key data per share before
non-recurring items4
2011 2012 2013 2014 2015
EBITDA1 5.97 5.66 5.37 5.37 5.11
Net Income (Group Share)1 2.41 2.27 2.02 1.96 1.52
Price/earnings at last trading day of December2 10.06 9.78 10.65 15.39 19.72
Number of shares with dividend rights 2011 2012 2013 2014 2015
Market capitalization at last trading day of December (billion EUR)3 7.70 7.07 6.87 9.67 9.66

1 Based on weighted average number of outstanding shares
2 Based on the last closing price of the respective year
3 Calculation based on number of outstanding shares & last closing price of the respective year
4 Note that this still includes incidentals


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Shareholders structure

30/06/2017:
Denominator : 338,025,135

  Number of shares % shares % Voting rights % Dividend rights Number of shares with voting rights Number of shares with dividend rights 
Belgian state 180,887,569 53.51% 56.09% 55.88% 180,887,569 180,887,569
Proximus own shares 15,536,394 4.60% 0.00% 0.37% 0 1,196,591
Free-float 141,601,172 41.89% 43.91% 43.75% 141,601,172 141,601,172
Total 338,025,135 100.00% 100.00% 100.00% 322,488,741 323,685,332

The voting rights of the treasury shares are suspended by law. The dividend rights of the treasury shares acquired in 2004 are also suspended, whereas the dividend rights for shares acquired as from 2005 are cancelled.


Liquidity contract

Proximus entered into a liquidity contract with Kepler Cheuvreux providing them with the mandate to trade Proximus shares on the regulated market of Euronext Brussels.  The contract was concluded for a renewable term of 12 months and entered into force on March 1, 2016.  At the start of the contract, Proximus made 500,000 own shares available. Kepler Cheuvreux will act entirely independently, in its own name, but for the account of Proximus. The trading of own shares was authorized by the Extraordinary General Meeting of shareholders of 16 April 2014. The transactions are published weekly and can be consulted hereunder.

05-12-2016 - week 40 Disclosure of transactions pdf_icon-flat
28/11/2016 - week 39 Disclosure of transactions pdf_icon-flat
21/11/2016 - wzzk 38 Disclosure of transactions pdf_icon-flat
14/11/2016 - week 37 Disclosure of transactions pdf_icon-flat
07/11/2016 - week 36 Disclosure of transactions pdf_icon-flat
31/10/2016 - week 35 Disclosure of transactions pdf_icon-flat
24/10/2016 - week 34 Disclosure of transactions pdf_icon-flat
17/10/2016 - week 33 Disclosure of transactions pdf_icon-flat
10/10/2016 - week 32 Disclosure of transactions pdf_icon-flat
03/10/2016 - week 31 Disclosure of transactions pdf_icon-flat
14/08/2017 - week 32 Disclosure of transactions pdf_icon-flat
07/08/2017 - week 31 Disclosure of transactions pdf_icon-flat

Transparency declarations

According to Proximus' bylaws, the thresholds as from which a shareholding needs to be disclosed, have been set at 3% and 7.5%, followed by legal thresholds at 5% and each multiple of 5%.

Notifications of important shareholdings to be made according to the Law of 2 May 2007 or Proximus' bylaws should be sent to:

Declarations of transparancy relative to participation in Proximus

On 27 April 2017 BlackRock Inc. notified Proximus that since 25 April 2017 its participation in the total amount of 338,025,135 shares with voting rights emitted by Proximus. went above the 3% threshold with 11,608,127 shares.

On 25 April 2017 BlackRock Inc. notified Proximus that since 21 April 2017 its participation in the total amount of 338,025,135 shares with voting rights emitted by Proximus. went below the 3% threshold with 9,921,189 shares.

On 28 September 2015 BlackRock Inc. notified Proximus S.A. that: A purchase of voting rights as at trade date 23 September 2015 caused its participation in the total amount of 338,025,135 shares emitted by Proximus S.A. to reach the 3% of voting rights threshold. BlackRock Inc. held on 23 September 2015 10,149,207 shares or 3% of Proximus’ total shares.

On 24 September 2015 BlackRock Inc. notified Proximus that since 18 September 2015 its participation in the total amount of 338,025,135 shares with voting rights emitted by Proximus. went below the 3% threshold.

In accordance with the financial transparency rules and legislation, on 21 September 2015 BlackRock Inc. notified Proximus S.A. that:

A purchase of voting rights as at trade date 15 September 2015 caused its participation in the total amount of 338,025,135 shares emitted by Proximus S.A. holding to reach the 3% of voting rights threshold. BlackRock Inc. held on 15 September 2015 10,149,974 shares or 3% of Proximus’ total shares.

Belgacom (now Proximus) published the following shareholding notifications it received from BlackRock Inc. regarding participations held by different entities of the BlackRock Group:

Date on which threshold was crossed Notified on Reason for notification Nr of voting rights after the notified transaction % of voting rights in total of 338,025,135 shares
19/05/2015 22/05/2015 Downward crossing of lowest threshold (3%) - -
14/05/2015 19/05/2015 Acquisition of voting rights 10.145.289 3%
13/05/2015 18/05/2015 Downward crossing of lowest threshold (3%) - -

In accordance with the financial transparency rules and legislation, Belgacom (now Proximus) notified on the 28th of November 2014 that its ownership of own shares dropped below the threshold of 5.0% of the outstanding shares on 24 November 2014. At that day, Belgacom held in the aggregate 16,898,363 shares, representing 4.99% of the total number of outstanding shares. Pursuant to Belgian law, the voting rights attached to own shares held by Proximus are suspended.

In accordance with the financial transparency rules and legislation, on 11 December 2013 BlackRock Inc. notified Belgacom S.A. (now Proximus) that:

  • a purchase of voting rights at trade date 6 December 2013 caused its participation in the total amount of 338,025,135 shares with voting rights emitted by Belgacom S.A. to reach 3% with 10,143,633 shares in its possession, as such BlackRock’s holding reached the 3% threshold.

In accordance with the financial transparency rules and legislation, on 2 December 2013 BlackRock Inc. notified Belgacom S.A.(now Proximus) that:

  • a sale of voting rights on 7 November 2013, causing BlackRock’s holding to cross below the 3% threshold.
  • a purchase of voting rights at trade date 8 November 2013 which caused its participation in the total amount of 338,025,135 shares with voting rights emitted by Belgacom S.A. to reach 3.01% with 10,166,775 shares in its possession, as such BlackRock’s holding moved back above the 3% threshold.
  • A sale of voting rights on 26 November 2013 causing Blackrock’s holding to cross back below the 3% threshold.

In accordance with the financial transparency rules and legislation, on 5 November 2013 BlackRock Inc. notified Belgacom S.A. (now Proximus) that:

  • A purchase of voting rights as at trade date 31 October 2013 caused its participation in the total amount of 338,025,135 shares with voting rights emitted by Belgacom S.A. holding to reach the 3% threshold.
  • BlackRock Inc. held on 31 October 2013 10,151,240 shares or 3% of Belgacom’s total shares.

In accordance with the financial transparency rules and legislation, on 13 May 2013 BlackRock Inc. notified Belgacom S.A. (now Proximus) that:

  • a purchase of voting rights at trade date 6 May 2013 caused its participation in the total amount of 338,025,135 shares with voting rights emitted by Belgacom S.A. to reach 3% with 10,152,158 shares in its possession, as such BlackRock’s holding reached the 3% threshold.
  • a sale of voting rights on 7 May 2013 caused BlackRock’s holding to cross back below the 3% threshold.

Notification

On 9 April 2013 BlackRock Inc. notified Belgacom S.A. (now Proximus ) that since 4 April 2013 its participation in the total amount of 338,025,135 shares with voting rights emitted by Belgacom S.A. went below the 3% threshold.

On 20 March 2013, BlackRock Inc. notified that its shareholding in Belgacom S.A (now Proximus) went above the 3% threshold. With 10,321,814 Belgacom shares in its possession on 15 March 2013, BlackRock Inc. has a participation of 3.05 % of the shares with voting rights emitted by Belgacom S.A.

On 16 September 2011, Capital Research and Management Company notified that its shareholding in Belgacom S.A (now Proximus) went below the 3% threshold on 12 September 2011.

On 20 June 2011, Belgacom SA (now Proximus) notified that its ownership of own shares crossed the threshold of 5% of outstanding shares on 17 June 2011. As of that day, Belgacom held in the aggregate 16,901,625 shares, representing 5.00 % of the total number of outstanding shares.

On 6 April 2010, Capital Research and Management Company notified that its shareholding in Belgacom S.A (now Proximus) went above the 3% threshold. With 11,062,800 Belgacom shares in its possession on 1 April 2010, Capital Research and Management Company has a participation of 3.27% of the shares with voting rights emitted by Belgacom S.A.

On 8 October 2009, Capital Research and Management Company notified that its shareholding in Belgacom S.A. (now Proximus) went below the 3% threshold. With 10,062,800 Belgacom shares in its possession, Capital Research and Management Company had a participation of 2.98% of the shares with voting rights emitted by Belgacom S.A.

On 18 May 2009, Capital Research and Management Company notified that it's shareholding in Belgacom S.A (now Proximus) went below the 5% threshold. With 16,577,773 Belgacom shares in its possession on 15 May 2009, Capital Research and Management Company had a participation of 4.9% of the shares with voting rights emitted by Belgacom S.A.

On 30 October 2008, Capital Research and Management notified that it had 18,876,300 Belgacom shares (now Proximus) in its possession on 1 September 2008, a participation of 5.55% of the shares with voting rights emitted by Belgacom S.A.


Shareholder Remuneration

Latest approved shareholder remuneration

The Proximus Board of Directors approved to return to the shareholders a total gross interim dividend of EUR 0.50 per share:

  • Ex-coupon date: 9 December 2015
  • Record date: 10 December 2015
  • Payment date: 11 December 2015

Shareholder Remuneration Policy

Proximus’ Shareholder Remuneration Policy as approved by the Board of Directors on 25 February 2010 :

Proximus commits to an attractive Shareholder Remuneration Policy by returning, in principle, most of its annual Free Cash Flow to its shareholders.
The return of Free Cash Flow either through dividends or share buybacks, will be reviewed on an annual basis, in order to keep strategic financial flexibility for future growth, organically or via selective M&A, with a clear focus on value creation. This also includes confirming appropriate levels of distributable reserves.
The shareholder remuneration policy is based on a number of assumptions regarding future business and market evolutions, and may be subject to change in case of unforeseen risks or events outside the company's control.
On 26 February 2015, the Board of Directors confirmed their intention to return a stable total gross dividend of EUR 1.50 per share over the result of 2015 and 2016, provided Proximus’ financial performance is in line with its expectations.

Historical overview of dividends

Accounting year Coupon n° General Assembly Payment date Gross dividend in EUR
2015 22 Wed 20/04/2016 Fri 29/04/2016 1.00
2015 21 - Fri 11/12/2015 0.50
2014 20 Wed 15/04/2015 Fri 24/04/2015 1.00
2014 19 - Fri 12/12/2014 0.50
2013 18 Wed 16/04/2014 Fri 25/04/2014 1.68
2013 17 - Fri 06/12/2013 0.50
2012 16 Wed 17/04/2013 Fri 26/04/2013 1.68
2012 15 - Fri 14/12/2012 0.81
2011 14 Wed 18/04/2012 Fri 27/04/2012 1.68
2011 13 - Fri 09/12/2011 0.50
2010 12 Wed 13/04/2011 Fri 29/04/2011 1.68
2010 11 - Fri 10/12/2010 0.50
2009 10 Wed 14/04/2010 Fri 23/04/2010 1.68
2009 9 - Fri 04/12/2009 0.40
2008 8 Wed 08/04/2009 Fri 17/04/2009 1.68
2008 7 - Tue 16/12/2008 0.50
2007 6 Wed 09/04/2008 Tue 15/04/2008 1.68
2007 5 - Thu 06/12/2007 0.50
2006 4 Wed 11/04/2007 Tue 17/04/2007 1.60
2006 3 - Wed 06/12/2006 0.29
2005 2 Wed 12/04/2006 Tue 18/04/2006 1.52
2004 1 Wed 13/04/2005 Mon 18/04/2005 1.9349

Share Buyback

Historical overview share buyback

Year Million EUR Number of shares Average share price in EUR
2011 100 4,300,975 23.25
2008 200 7,379,925 27.10
2007 230 7,038,765 32.68
2006 200 6,782,656 29.49
2005 300 10,613,234 28.27