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Important information on the share, bonds and financial calendar

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At the beginning of the reporting period, the BKW share continued its upwards trend of recent years. Its price rose sharply in mid-January, on publication of increased profit expectations for the 2019 financial year. In March, however, BKW’s share price could not escape the downwards trajectory of the overall market as a result of uncertainty surrounding Covid-19. Nevertheless, the publication of the excellent 2019 annual result on 18 March 2020 stopped the negative development of the share and the share price moved up again. After a sustained period of sideways movement during the second quarter of the year, it then recovered steadily. Publication of the strong 2020 half-year results and the simultaneous increase in guidance for the 2020 financial year caused the share price to climb strongly to over CHF 100 in September.

The BKW share closed at CHF 99.20 at the end of 2020. The share’s performance of 39 % in 2020 (SPI: 4 %) represents a very strong development in a financial market situation characterised by uncertainty because of the coronavirus pandemic.

The shares of BKW AG are listed on the main segment of the SIX Swiss Exchange.

Ticker symbol on SIX

BKW

Securities number

13.029.366

ISIN code

CH0130293662

The BKW share is included in the Swiss Performance Index (SPI).

Market capitalisation

in CHF billion (at 31 December)

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Average daily trading volume

in units

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Dividend policy and total shareholder return

BKW is committed to a consistent dividend payout based on a ratio of 40 % to 50 % of adjusted net profit.

The Board of Directors proposes to the General Meeting a dividend of CHF 2.40 per share for the 2020 financial year. The dividend will be paid out on 14 May 2021.

Dividends

in CHF

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Total shareholder return

since 2014, at 31 December

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Restrictions on share transferability

The Company may refuse to register an acquirer of shares in the register of voting shareholders for the following reasons:

a) If the acquisition results in a natural person, a legal entity or a partnership holding (directly or indirectly) more than 5 % of the entire share capital. The same restriction applies to legal entitles, partnerships, groups of persons or joint ownerships that are bound by capital or voting rights, shared management or otherwise linked. Moreover, it applies to all natural or legal persons or partnerships that act in concert to acquire shares;

b) if the acquirer has not expressly declared that he has acquired the shares in his own name and on his own behalf.

Major shareholders

To BKW’s knowledge, the following shareholders held more than 3 % of the shares as at 31 December.

31.12.2019

31.12.2020

Canton of Bern

52.54 % 

52.54 % 

Groupe E Ltd.

10.00 % 

10.00 % 

The free float amounts to 37.5 %.

Key figures per share

CHF

31.12.2019

31.12.2020

Result

7.42

6.86

Equity

65.59

70.05

Dividend

2.20

2.40

Dividend yield (in %)1

3.0

2.4

Price/earnings ratio 1

9.6

14.5

Year-end

71.40

99.20

Year high

75.50

103.20

Year low

62.20

71.10

1 Based on year-end price

Bonds

At 31 December 2020, BKW had the following bonds outstanding:

Nominal amount

Term

Due

ISIN code

3 % debenture bond

CHF 200 million

2007 – 2022

27.04.2022

CH0030356718

0.75 % debenture bond

CHF 200 million

2018 – 2025

25.10.2025

CH0435590358

2.5 % debenture bond

CHF 300 million

2010 – 2030

15.10.2030

CH0117843745

0.25 % green bond

CHF 200 million

2019 – 2027

29.07.2027

CH0487087295

Financial calendar

General Meeting
7 May 2021

Ex-dividend date
11 May 2021

Dividend payment
14 May 2021

Publication of 2021 half-year results
8 September 2021

Contact: investor.relations@bkw.ch

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