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 2013 2014 2015 2016 2017
Share price high 23.25 32.29 35.67 31.74 32.81
Share price low 16.32 20.78 27.93 25.31 26.42
Share price at 31 December 21.55 30.10 30.00 27.36 27.35
Annual trading volume (number of shares) 189,753,834 178,802,905 179,825,076 157,368,090 147,754,799
Average trading volume per day (number of shares) 744,133 701,188 702,442 612,327 579,431
Number of outstanding shares 318,759,360 321,230,597 322,003,751 322,637,103 322,638,989
Weighted average number of outstanding shares 318,987,711 320,119,106 321,767,821 322,316,200 322,777,440
Market capitalization at 31 December (billion EUR)1 6.87 9.67 9.66 8,83 8.82
Key data per share  - on reported basis          
EBITDA2 5.33 5.48 5.12 5.38  
Earnings2 1.98 2.04 1.50 1.62  
Price/earnings at 31 December3 10.9 14.73 20.03 16.86  
Ordinary dividend (gross) 1.68 1.00 1.00 1.00  
Interim-dividend (gross)3 0.50 0.50 0.50 0.50  
Gross dividend yield3 10.1% 4.98% 5.00% 5.48%  
Key data per share - on underlying basis          
EBITDA NA 5.15 5.38 5.57  
Earnings NA 1.85 1.68 1.71  
Price/earnings at 31 December2 NA 16.28 17.87 15.96  

1Calculation based on number of outstanding shares & last closing price of the respective year
2Based on weighted average number of outstanding shares, corresponds to the Net Income (Group Share)
3Based on the last closing price of the respective year


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Shareholders structure

31/08/2018:
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% 56,07% 55,93% 180.887.569 180.887.569
Proximus own shares 15.410.309 4,56% 0,00% 0,25% 0 820.036
Free-float 141.727.257 41,93% 43,93% 43,82% 141.727.257 141.727.257
Total 338.025.135 100,00% 100,00% 100,00% 322.614.826 323.434.862

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.

03/01/2017 - week 44 Disclosure of transactions pdf_icon-flat
27/12/2016 - week 43 Disclosure of transactions pdf_icon-flat
19/12/2016 - week 42 Disclosure of transactions pdf_icon-flat
12/12/2016 - week 41 Disclosure of transactions pdf_icon-flat
27/12/2017 - week 51 Disclosure of transactions pdf_icon-flat
18/12/2017 - week 50 Disclosure of transactions pdf_icon-flat
11/12/2017 - week 49 Disclosure of transactions pdf_icon-flat
04/12/2017 - week 48 Disclosure of transactions pdf_icon-flat
27/11/2017 - week 47 Disclosure of transactions pdf_icon-flat
20/11/2017 - week 46 Disclosure of transactions pdf_icon-flat
13/11/2017 - week 45 Disclosure of transactions pdf_icon-flat
06/11/2017 - week 44 Disclosure of transactions pdf_icon-flat
30/10/2017 - week 43 Disclosure of transactions pdf_icon-flat
23/10/2017 - week 42 Disclosure of transactions pdf_icon-flat
16/10/2017 - week 41 Disclosure of transactions pdf_icon-flat
15/10/2018 - week 42 Disclosure of transactions pdf_icon-flat
08/10/2018 - week 41 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 - current year

(Previous years available here

        Voting rights Total incl. equivalent financial instruments    
   
Date on which
threshold
was crossed
Notified
on
Notifier Reason
for
notification
# of voting rights
after the
notified transaction
% of voting rights
in total of 338,025,135
voting rights
# of voting rights
after the
notified transaction
% of voting rights
in total of 338,025,135
voting rights
Documents Press Release
   
05/10/2018 09/10/2018 Blackrock Inc. <5% 16,712,390 4.94% 17,449,541 5.16% Notification 12/10
27/09/2018 28/09/2018 Blackrock Inc. >5% 16,998,949 5.03% 17,838,794 5.28% Notification 03/10
14/09/2018 17/09/2018 Blackrock Inc. <5% 16,726,531 4.95% 17,436,969 5.16% Notification 19/09
13/09/2018 14/09/2018 Blackrock Inc. >5% 17,114,357 5.06% 17,833,465 5.28% Notification
12/09/2018 14/09/2018 Blackrock Inc. <5% 16,729,804 4.95% 17,457,552 5.16% Notification
07/09/2018 10/09/2018 Blackrock Inc. >5% 17,020,815 5.04% 17,759,388 5.25% Notification 11/09
05/09/2018 07/09/2018 Blackrock Inc. <5% 16,753,637 4.96% 17,461,869 5.17% Notification
04/09/2018 06/09/2018 Blackrock Inc. >5% 17,076,955 5.05% 17,765,735 5.26% Notification
31/08/2018 03/09/2018 Blackrock Inc. <5% 16,773,168 4.96% 17,428,217 5.16% Notification 06/09
14/08/2018 16/08/2018 Blackrock Inc. >5% 17,235,394 5.10% 17,693,079 5.23% Notification 17/08
13/08/2018 14/08/2018 Blackrock Inc. <5% 16,761,218 4.96% 17,239,293 5.10% Notification
06/08/2018 08/08/2018 Blackrock Inc. >5% 17,279,581 5.11% 17,782,936 5.26% Notification 10/08
27/07/2018 30/07/2018 Blackrock Inc. <5% 16,804,133 4.97% 17,441,607 5.16% Notification 02/08
09/07/2018 11/07/2018 Blackrock Inc. >5% 16,921,087 5.01% 17,636,051 5.22% Notification 13/07
06/07/2018 10/07/2018 Blackrock Inc. <5% 16,893,845 5.00% 17,720,839 5.24% Notification
04/07/2018 06/07/2018 Blackrock Inc. >5% 17,008,707 5.03% 18,011,814 5.33% Notification 06/07
02/07/2018 04/07/2018 Blackrock Inc. <5% 16,671,308 4.93% 17,706,087 5.24% Notification
29/06/2018 03/07/2018 Blackrock Inc. >5% 16,961,515 5.02% 18,041,868 5.34% Notification
20/06/2018 21/06/2018 Blackrock Inc. <5% 16,739,961 4.95% 17,882,340 5.29% Notification 22/06
19/06/2018 21/06/2018 Blackrock Inc. >5% 16,930,915 5.01% 18,024,431 5.33% Notification
18/06/2018 19/06/2018 Blackrock Inc. <5% 16,740,292 4.95% 17,833,808 5.28% Notification
15/06/2018 18/06/2018 Blackrock Inc. >5% 17,055,730 5.05% 18,105,219 5.36% Notification 19/06
13/06/2018 14/06/2018 Blackrock Inc. <5% 16,776,472 4.96% 17,731,990 5.25% Notification
12/06/2018 14/06/2018 Blackrock Inc. >5% 16,903,699 5.00% 17,821,224 5.27% Notification
24/05/2018 25/05/2015 Blackrock Inc. <5% 16,794,486 4.97% 17,603,426 5.21% Notification 29/05
23/05/2018 25/05/2015 Blackrock Inc. >5% 16,941,949 5.01% 17,750,889 5.25% Notification
03/05/2018 07/05/2018 Blackrock Inc. >5% 16,331,329 4.83% 17,021,352 5.04% Notification 07/05
01/05/2018 03/05/2018 Blackrock Inc. <5% 15,377,072 4.55% 16,560,792 4.90% Notification
30/04/2018 02/05/2018 Blackrock Inc. >5% 16,079,165 4.76% 17,257,434 5.11% Notification

 


Shareholder Remuneration

Latest approved shareholder remuneration

The Annual General Shareholder meeting of 18 April 2018 approved to return over the result of 2017 a gross dividend of EUR 1.50 per share, of which EUR 0.50 per share was paid in December 2017. For the normal dividend of EUR 1.0 per share:

  • ex-coupon date: 25 April 2018
  • record date: 26 April 2018
  • payment date: 27 April 2018

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 1 March 2018, the Board of Directors confirmed their intention to return a stable total gross dividend of EUR 1.50 per share over the result of 2018 and 2019, 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
2018 26 Wed 18/04/2018 Fri 27/04/2018 1.00
2017 25 - Fri 08/12/2017 0.50
2016 24 Wed 19/04/2016 Fri 28/04/2017 1.00
2016 23 - Fri 09/12/2016 0.50
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