TOMRA’s objective is to create long-term sustainable value for its shareholders, through competitive return in form of dividends and share price development over time.
The dividend policy assumes that TOMRA at all times has a solid capital structure and liquidity reserve that is sufficient to meet future liabilities with a balanced reserve for business opportunities.
Share buyback program
The TOMRA share buyback program is focused solely on facilitating the annual employee share purchase program within the company.
Below is an overview of the treasury share transactions completed by TOMRA as part of its share buyback program since 2005:
| year | shares purchased | avg. share price | payment nok | shares sold | avg. share price | payment nok | shares cancelled |
|---|---|---|---|---|---|---|---|
| 2005 | 4,498,000 | 46.92 | 211,043,393 | -- -- -- | -- -- -- | -- -- -- | -- -- -- |
| 2006 | 9,765,000 | 43.18 | 421,605,318 | (196,758) | 39.51 | (7,774,504) | (13,796,342) |
| 2007 | 9,233,000 | 44.21 | 408,175,793 | (223,085) | 46.11 | (10,287,182) | -- -- -- |
| 2008 | 5,700,042 | 35.44 | 201,999,610 | (313,472) | 36.73 | (11,513,876) | (9,670,139) |
| 2009 | 1,995,450 | 24.86 | 49,613,014 | (110,717) | 24.02 | (2,659,186) | (5,000,000) |
| 2010 | 239,000 | 28.12 | 6,721,728 | (87,096) | 28.00 | (2,438,688) | (2,000,000) |
| 2011 | 251,634 | 40.14 | 10,100,823 | (151,208) | 40.97 | (6,194,908) | -- -- -- |
| 2012 | 262,328 | 46.06 | 12,082,598 | (146,480) | 45.90 | (6,723,432) | -- -- -- |
| 2013 | 200,000 | 54.10 | 10,819,751 | (181,368) | 56.25 | (10,201,950) | -- -- -- |
| 2014 | 100,000 | 50.16 | 5,016,000 | (123,104) | 56.50 | (6,955,376) | -- -- -- |
| 2015 | 250,000 | 91.16 | 22,791,189 | (103,603) | 68.59 | (7,106,150) | -- -- -- |
| 2016 | 350,000 | 89.16 | 31,204,254 | (242,136) | 84.23 | (20,394,413) | -- -- -- |
| 2017 | 200,000 | 122.76 | 24,552,774 | (242,606) | 98.67 | (23,937,958) | -- -- -- |
| 2018 | -- -- -- | -- -- -- | -- -- -- | (171,712) | 187.04 | (32,116,900) | -- -- -- |
| 2019 | 370,667 | 245.67 | 91,061,819 | (155,295) | 265.60 | (41,246,352) | -- -- -- |
| 2020 | -- -- -- | -- -- -- | -- -- -- | (99,822) | 368.30 | (36,764,443) | -- -- -- |
| 2021 | -- -- -- | -- -- -- | -- -- -- | (110,294) | 410.06 | (45,227,326) | -- -- -- |
| 2022 | -- -- -- | -- -- -- | -- -- -- | (155,600) | 342.00 | (53,215,200) | -- -- -- |
| Net Total | 33,415,121 | 45.09 | 1,506,788,064 | (2,814,356) | 115.38 | (324,683,630) | (30,466,481) |
| Net after split May 2022 | 66,830,242 | 22.55 | 1,506,788,064 | (5.628,712) | 57.70 | (324,683,630) | (60,932,962) |
| 2022 after split | 531,432 | 240.73 | 127,933,053 | -- -- -- | -- -- -- | -- -- -- | -- -- -- |
| New Net Total | 67,361,674 | 24.27 | 1,634,721,117 | (5,628,712) | 57.70 | (324,757,844) | (60,932,962) |