Ownership structure
Since 11 March 2002 dematerialisation of OTP shares has been closed and share amounting earlier to a nominal value of HUF 1,000 have been spited into ten pieces. Thus shares has been trading on nominal value of HUF 100 since 2. March 2002.
The Bank’s share capital accounts for HUF 28,000,001,000, which consist of 280,000,010 pieces of ordinary shares with a nominal value of HUF 100. Since 21 April, 2007 Hungarian regulation has abolished legal preference shares, therefore OTP’s AGM changed the bylaw of the company, and the only preference share of the Hungarian State (nominal value: HUF 1,000) has been converted into 10 ordinary shares (nominal value: HUF 100).
Limitations on voting rights of foreign shareholders constraining voting share of all foreign shareholders to 50% have been abolished since June, 2007.
From 2015 the General Meeting shall have a quorum if the shareholders representing more than one third of the votes embodied by voting shares are attendance.
Ownership structure as at 30 September 2018
| Owners | Share in % of total equity (ownership share) | |
|---|---|---|
| Domestic investors total: | Government held owner1 | 0.08% |
| Employees, senior officers | 0.80% | |
| Treasury shares2 | 0.93% | |
| Other domestic investors | 24.61% | |
| Foreign shareholders | Foreign shareholders3 | 60.12% |
| Other4 | 13.45% | |
| Total | 100% |
1E.g.:
State Privatization Holding Co. Ltd., Social
Security, Municipality, 100% state-owned companies,
Pension Reform and Debt
Reduction Fund etc.
2E.g.: Treasury shares do not include
the OTP shares held by ESOP.
3Foreign individuals, foreign institutions, and International Development
Institutions
4Non-identified shareholders
Shareholders with over/around 5% stake as at 30 September 2018
| Name | Number of shares | Ownership | Voting rights |
|---|---|---|---|
| Hungarian Oil and Gas Company (MOL) | 24,000,000 | 8.57% | 8.65% |
| KAFIJAT Ltd. | 21,811,325 | 7.79% | 7.86% |
| OPUS Securities SA | 14,496,476 | 5.18% | 5.23% |
| Groupama | 14,338,835 | 5.12% | 5.17% |
Contact
Investor Relations and DCM
Postal address: 16. Nádor street, H-1051 Budapest, Hungary