Asetek Annual Report 2020

24

M A N AGE ME N T RE P O RT - G OV ERN A N C E

This statement of Asetek's diversity policy is a component of the Management's Report in the Annual Report for 2020 and covers the financial period 1 January - 31 December 2020: Asetek believes that diversity among employees and management, including an even distribution of age, nationality

SHAREHOLDER INFORMATION Asetek’s shares are listed on Oslo Børs. As of December 31, 2020, a total of 26,432,957 shares are issued, each with a nominal value of DKK 0.1.

and educational background, contributes positively to

The share is classified in the “Information Technology”

the work environment and strengthens the company's

sector by the stock exchange, and the ticker mark is ASTK

competitiveness and performance.

(the previous ticker mark was ‘ASETEK’ until December

Historically, Asetek has been a diverse workplace, where

2020).

OWNERSHIP

INVESTOR RELATIONS

At the end of 2020, Asetek A/S had 871 shareholders,

Asetek aims to provide a consistent, high level of information

some of whom are nominee accounts covering several

to its shareholders and other interested parties.

individual investors. Members of Asetek A/S’s Board of Directors and Executive Board owned or represented a total of 8.2% of the share capital at the end of 2020.

ongoing publication of notifications, investor presentations 1 JANUARY 2020

and individual meetings.

Asetek shares opened the year 2020 at NOK 30.40.

The website www.asetek.com is the primary source of

The total market capitalization value at the end of 2020

and living conditions. Not only in relation to gender, age

was NOK 2,770 million (approximately USD 322 million)

and origin, but equally in relation to education, experi-

which was an increase of 258% from the market value

ence and personality. It is therefore Asetek's goal that the

at the beginning of 2020. Asetek is thus classified as a

At the last trading day of the year, Asetek shares closed

management should equally reflect the diversity among

MidCap company on Oslo Børs.

at NOK 108.80, which was an increase of 258% from the

company's management and board of directors, there is a focus on this in recruiting new managers. In 2020, Asetek has therefore sought to ensure broad diversity among applicants when recruiting and promoting. The board members of Asetek cover a wide range of experiences from both the Danish and international business community and the high-tech industry. This composition is considered appropriate, as it ensures a

931,281 shares were held by the Company on December 31, 2020 as treasury shares, primarily to support an employee stock option program. Each share provides one vote. The shares are marketable securities and no restrictions have been set for the shares’ negotiability. The share register is maintained by DNB Bank ASA - Verdipapirservice, Postboks 1600 Sentrum,

information for interested parties. It is updated regularly with 31 DECEMBER 2020

Benchmark Index increased 3% in 2020. The OSE Infor-

old, and 43% of management is over 60. L I Q UI D CO OLI NG DO N E RIGHT

parties who have questions regarding Asetek are requested to inquire via the email address investor.relations@asetek.com, which is monitored by the CFO. Dividends. Asetek continues to invest its capital in the devel-

60% in 2020.

opment and marketing of its cooling products. Asetek’s policy

According to Asetek’s registrations, the following shareholders possessed 5% or above of the share capital as per December 31, 2020:

0021 Oslo, Norway.

Shareholder

The ATP Group

allows for distribution of a dividend to its shareholders of up to 50% of the previous year’s net income (after tax profits), after taking into consideration the Company’s growth plans, liquidity requirements and necessary financial flexibility.

Number of Shares

Skandinaviska Enskilda Banken AB

the end of the financial year, 30% of the Executive Board

is under 40 years old, 57% are between 40 and 60 years

ers, analysts, investors, stockbrokers as well as other interested

mation Technology Index increased by approximately

helps to ensure qualified considerations and decisions. At

Danish. In terms of age composition, 0% of management

information about Asetek’s activities and strategy. Sharehold-

beginning of the year. The Oslo Stock Exchange (OSE)

breadth in the members' approach to the tasks, and thus

and Board of Directors are of a nationality other than