Ownership structure
Since 11 March 2002 dematerialisation of OTP shares has been closed and each share amounting earlier to a nominal value of HUF 1,000 have been split 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 31 March 2022
| Owners | Share in % of total equity (ownership share) | |
|---|---|---|
| Domestic investors total: | Government held owner1 | 0.05% |
| Employees, senior officers | 0.49% | |
| Treasury shares2 | 0.25% | |
| Other domestic investors3 | 39.28% | |
| Foreign shareholders | Foreign shareholders4 | 59.93% |
| Other5 | 0.00% | |
| Total | 100% |
1Hungarian National Asset
Management Inc., Municipalities.
2Treasury shares do not include the OTP shares held by ESOP (OTP Bank Employee Stock Ownership Plan Organization). Pursuant to Act V of 2013 on the Civil Code, OTP shares held by the ESOP are not classified as treasury shares, but the ESOP must be consolidated in accordance with IFRS 10 Consolidated Financial Statements standard.
3The Other domestic investors category includes 10,248,006 OTP shares owned by ESOP on 31 March 2022 as well as 13,142,841 shares held by Special Employee Partial Ownership Plan Organization No. I. and Special Employee Partial Ownership Plan Organization No. II. – established in compliance with the decision Nr. 1/2021 of the Extraordinary General Meeting as of 15 October 2021 – on 31 December 2021.
4Foreign individuals, foreign institutions, and International Development Institutions.
5Non-identified shareholders according to the shareholders' registry.
Shareholders with over/around 5% stake as at 31 March 2022
| Name | Nationality1 | Activity2 | Number of shares | Ownership | Voting rights3 |
|---|---|---|---|---|---|
| Hungarian Oil and Gas Company (MOL) | D | C | 24,000,000 | 8.57% | 8.59% |
| KAFIJAT Group | D | C | 19,689,409 | 7.03% | 7.05% |
| KAFIJAT Ltd. | D | C | 9,867,918 | 3.52% | 3.53% |
| MGTR Alliance Ltd. | D | C | 9,821,491 | 3.51% | 3.52% |
| Groupama Group | D/F | C | 14,257,589 | 5.09% | 5.10% |
| Groupama Gan Vie SA | F | C | 14,140,000 | 5.05% | 5.06% |
| Groupama Biztosító Ltd. | D | C | 171,769 | 0.04% | 0.04% |
1Domestic (D), Foreign (F)
2Custodian (CU),
Public Institution (PU), International Development Institutions (ID),
Institutional (I), Company (C), Private (PR), Employee or senior officer (E)
3Voting rights in the General Meeting of the Issuer for
participation in decision-making.
Contact
Investor Relations and DCM
Postal address: 16. Nádor street, H-1051 Budapest, Hungary