The share
The share
Scandinavian Astor Group has been listed on NGM Nordic SME since 29 August 2024 under the ticker ASTOR. The share is also dual listed on Boerse Stuttgart since December 12, 2024. Scandinavian Astor Group (publ) is a public company and its shares are registered in Euroclear Sweden AB’s register in accordance with Swedish law.
The mentor for the Company on NGM Nordic SME is Shark Communication, tel. + 46 73-434 45 15, e-mail: info@sharkcom.se.
Trading information:
ISIN: SE0019175274
Ticker: ASTOR
For more information about the share visit NGM’s website.
Ownership
The shareholder list below shows Scandinavian Astor Group’s 5 largest shareholders as of 31 December 2024.*
| Shareholder | No. of Shares | Share capital/Votes** |
| Nordnet Pensionsförsäkring** | 5,759,756 | 12.71% |
| Anders Danielsson | 2,841,652 | 6,27% |
| Avanza Pension | 2,577,690 | 5.69% |
| Lennart Sundberg | 1,720,477 | 3.80% |
| Wictor Billström** | 1,701,308 | 3.70% |
| Total five largest shareholders | 13,963,223 | 30.81% |
| Total other shareholders | 31,350,797 | 69.19% |
| Total shareholders | 45,314,020 | 100% |
*Compiled and processed data from, among others, the company’s information, Euroclear, Morningstar and Finansinspektionen.
** Parts of Wictor Billström’s holdings in Astor Group are in Nordnet Pensionsförsäkring but are in the list reported separately for him personally and deducted from the total in Nordnet Pensionsförsäkring.
Analyst coverage
Astor Group’s goal is to ensure that its shares are valued based on relevant, accurate, and up-to-date information. Achieving this requires a clear financial communication strategy, reliable data, comprehensive analysis, and consistent engagement with financial market stakeholders.
We maintain strong connections with the financial markets through presentations during quarterly reports, as well as meetings with analysts, investors, and journalists. These interactions occur at capital market days, seminars, and visits to Astor Group’s offices.
Analysts that presently are following Scandinavian Astor Group:
Tom Guinchard, Pareto Securities
Henry Wendisch, NuWays AG
Share capital
Share capital development since 2021, see table below.
| Date | Event | Change in Share Capital (SEK) | Change in shares | Share capital after change (SEK) | Number of shares after change | Quota value (SEK) | Share price (SEK) |
| 2021-12-15 | Company formation | 500,000 | 1,896,200 | 500,000 | 1,896,200 | 0.263685265 | |
| 2022-12-21 | Issue in kind to the sellers of Astor | 0 | 17,065,800 | 5,000,000 | 18,962,000 | 0.263685265 | 3.95 |
| 2023-04-13 | Directed rights issue via warrants of series T01 | 1,000,000 | 3,792,400 | 6,000,000 | 22,754,400 | 0.263685265 | 2.12 |
| 2023-05-09 | Directed Rights Issue | 111,800 | 423,992 | 6,111,800 | 23,178,392 | 0.263685265 | 2.12 |
| 2023-06-02 | Directed Rights Issue | 635,307 | 2,409,337 | 6,747,107 | 25,587,729 | 0.263685265 | 2.55 |
| 2023-07-27 | Directed Rights Issue | 435,249 | 1,650,640 | 7,182,356 | 27,238,369 | 0.263685248 | 3.15 |
| 2023-11-29 | Directed Rights Issue | 1,452,532 | 5,508,584 | 8,634,889 | 32,746,953 | 0.263685252 | 6.6 |
| 2024-04-09 | Directed Rights Issue | 922,898 | 3,500,000 | 9,557,787 | 36,246,953 | 0.263685241 | 20 |
| 2024-05-31 | Exercise of warrants of series TO2 | 713,742 | 2,706,793 | 10,271,529 | 38,953,746 | 0.263685265 | 9.90 |
| 2024-06-05 | Directed rights issue to underwriter in connection with exercise of TO2 | 12,525 | 47,499 | 10,284,054 | 39,001,245 | 0.263685266 | 9.90 |
| 2024-08-28 | Directed Rights Issue | 1,510,092 | 5,726,872 | 11,794,146 | 44,728,117 | 0.263685266 | 11.35 |
| 2024-08-30 | Directed offset issue | 154,494 | 585,903 | 11,948,639 | 45,314,020 | 0.263685266 | 11.35 |
| 2025-01-23 | Directed offset issue | 79,106 | 300,000 | 12,027,745 | 45,914,020 | 0.263685266 | 11.50 |
| 2025-02-03 | Directed offset issue | 116,939 | 443,479 | 12,144,684 | 46,057,499 | 0.263685266 | 11.50 |
*Compiled and processed data from, among others, the company’s information, Euroclear, Morningstar and Finansinspektionen.
** Parts of Wictor Billström’s holdings in Astor Group are in Nordnet Pensionsförsäkring but are in the list reported separately for him personally and deducted from the total in Nordnet Pensionsförsäkring.
Incentive programmes
Incentive programme 2022/2025
There are 850,000 warrants under the incentive programme 2022/2025 for the board of directors and management of the Company. Each warrant shall entitle the holder to subscribe for one new share in Astor Group at a subscription price corresponding to SEK 5.1. If all warrants are exercised, the company will receive approximately SEK 4.3 million. Subscription of shares with the support of the warrants shall be made in accordance with the terms of the warrants from 15 December 2025 up to and including 30 December 2025. Upon full exercise of the warrants, the share capital may increase by SEK 110,500. The dilution if all warrants are subscribed amounts to 3.1%, given the number of shares in the company at the publication of the Q3 2023 report. See table below for distribution.
| Holder | Number of warrants |
| Odd Werin | 350,000 |
| Lars Granbom | 200,000 |
| Fredrik Lindblom | 150,000 |
| Wictor Billström | 50,000 |
| Ronny Christoffersen | 50,000 |
| Håkan Ekengren | 50,000 |
| Total: | 850,000 |
Employee share incentive programme 2024/2028
At the Extraordinary General Meeting on 23 July 2024, the Meeting resolved to implement the Employee Share Incentive Programme 2024/2028, issue warrants as a hedging arrangement and approve the transfer of warrants in accordance with the previously published proposal. The employee stock option programme 2024/2028 is directed to senior executives and key employees in the Company and its subsidiaries and comprises a maximum of 850,000 employee stock options. Provided that employee stock options have been allotted and vested, each employee stock option entitles the holder to receive one warrant free of charge during the period from 1 January 2028 up to and including 31 March 2028, which entitles the holder to subscribe for one (1) share in the Company at a subscription price corresponding to 175 per cent of the volume-weighted average price on Spotlight Stock Market during the period ten (10) trading days prior to 23 July 2024 (however, never lower than the quota value of the share). The maximum dilution for existing shareholders as a result of the Employee Stock Option Programme 2024/2028, including warrants issued as a result of hedging measures, amounts to approximately 2.18 per cent of the total number of shares in the Company. The Company’s share capital may increase by a maximum of approximately SEK 224,132.48 through Employee Share Incentive Programme 2024/2028.
| Holder | Number of warrants |
| Mattias Hjorth | 250,000 |
| Wictor Billström | 75,000 |
| Fredrik Lindblom | 66,000 |
| Jörgen Lindqvist | 66,000 |
| Jon Henriksson | 66,000 |
| Fredrik Bergman | 66,000 |
| John Åhlund | 66,000 |
| Louise Åberg | 25,000 |
| Total: | 680,000 |
Incentive programme 2024/2028
At the Extraordinary General Meeting on 23 July 2024, the Meeting resolved to introduce incentive programme 2024/2028, issue warrants and approve the transfer of warrants in accordance with the previously published proposal. Incentive programme 2024/2028 is directed to the members of the Board of Directors and comprises a maximum of 150,000 warrants. Each warrant entitles the holder to subscribe for one (1) new share in the Company from 1 January 2028 up to and including 31 March 2028 at a subscription price corresponding to 175 per cent of the volume-weighted average price on Spotlight Stock Market during the period ten (10) trading days prior to 23 July 2024 (however, never lower than the quota value of the share). The maximum dilution for existing shareholders as a result of Incentive Programme 2024/2028 amounts to approximately 0.39 per cent of the total number of shares in the Company. The Company’s share capital may increase by a maximum of approximately SEK 39,552.79 through Incentive Programme 2024/2028.
Full details of the decisions can be found here.