Shareholder Structure
10 largest shareholders (31 December 2025)
| Shareholder | Number of shares | % of capital and votes |
| Candle Lake Ltd (Kenneth Dart) | 47,870,198 | 23.41% |
| Österbahr Ventures AB | 22,400,140 | 10.96% |
| Capital Group | 17,574,712 | 8.60% |
| BlackRock | 8,253,928 | 4.01% |
| Vanguard | 6,352,175 | 3.11% |
| Richard Livingstone | 4,056,678 | 1.98% |
| EdgePoint Investment Management Inc | 2,612,593 | 1.28% |
| Avanza Pension | 2,368,560 | 1.16% |
| Canada Pension Plan Investment Board | 2,081,252 | 1.02% |
| Second Swedish National Pension Fund | 2,058,265 | 1.00% |
| Total, 10 largest shareholders | 115,628,501 | 56.55% |
| Treasury shares | 5,235,549 | 2.56% |
| Others | 83,598,112 | 40.89% |
| TOTAL | 204,462,162 | 100% |
Source: Monitor by Modular Finance AB. Compiled and processed data from various sources, including Euroclear, Morningstar and the Swedish Financial Supervisory Authority (Finansinspektionen).
