Shareholders

Western Bulk is owned by about 250 shareholders. About 75% of the shares are owned by subsidiaries of Kistefos AS. Please see below overviews of our 20 largest shareholders as per 31.12.2016 and 27.03.2017.

 

    20 Largest Shareholders as per 27.03.2017
 #  Name  Number of shares  Ownership %
 1  Kistefos (consolidated)  10,605,449  75,0%
 2  Ojada AS  1,300,000  9,2%
 3  Skips AS Tudor  266,975  1,9%
 4  Piero AS  225,000  1,6%
 5  Sniptind Invest AS  175,000  1,2%
 6  ASP Invest Atle Pedersen  170,988  1,2%
 7  Løren Holding AS  161,000  1,1%
 8  Norda ASA  149,700  1,1%
9 Skeie Alpha Invest AS 149,700 1,1%
10 Avant AS 94,970 0,7%
11 AS Wingana 66,493 0,5%
12 Ola Rustad AS 65,000 0,5%
13 Colorado Eiendom AS 60,000 0,4%
14 Lisann AS 46,000 0,4%
15 Eitzen, Axel Camillo 30,000 0,3%
16 Caka AS 30,000 0,2%
17 Lande, Ove 27,750 0,2%
18 Grønland, Steinar 27,000 0,2%
19 Bulle Invest AS 25,000 0,2%
20 Sognefjell AS 24,000 0,2%
  Other 425,609 3,0%
  Total 14,145,634 100,0%
    20 Largest Shareholders as per 31.12.2016
 #  Name  Number of shares  Ownership in %
 1  Kistefos (consolidated)  7,040,047  73,9%
 2  Ojada AS  775,000  8,1%
 3  Skips AS Tudor  179,775  1,9%
 4  ASP Invest Atle Pedersen  170,988  1,8%
 5  Piero AS  150,000  1,6%
 6  Skeie Alpha Invest AS  149,700  1,6%
 7  Sniptind Invest AS  149,700  1,6%
 8  Norda AS  149,700  1,6%
9 Avant AS 80,000 0,8%
10 Løren Holding AS 61,000 0,6%
11 Lisann AS 50,000 0,5%
12 AS Wingana 44,775 0,5%
13 Ola Rustad AS 35,000 0,4%
14 Eitzen, Axel Camillo 31,000 0,3%
15 Caka AS 30,000 0,3%
16 Lande, Ove 27,750 0,3%
17 Grønland, Steinar 27,000 0,3%
18 Bulle Invest AS 25,000 0,3%
19 Colorado Eiendom AS 20,000 0,2%
20 Jotunfjell AS 15,000 0,2%
  Other 317,433 3,3%
  Total 9,528,868 100,0%
Western Bulk

Email and IT-related Fraud Alert

There is an increasing risk of attempted fraud and other security threats via email. In particular, Western Bulk has noticed an increase of fraudulent requests to change bank account details of suppliers/creditors, in an attempt to redirect payments to criminals and not to the intended recipient. We encourage everyone to be vigilant and learn to detect fraudulent email instructions - seemingly legitimate emails may contain fraudulent information, this is not just a cybersecurity matter.

As a result, Western Bulk will treat any notice of bank account changes as suspicious. Urgent pressure to effect payment as soon as possible without verification of the changes will also be treated as suspicious.

Please note that Western Bulk would not inform of changes to bank account details by email notice alone. In the unlikely event that we need to change a beneficiary name or our other bank account details, we would personally contact our supplier or customer in order to personally verify any change in details.

Similarly, we ask that all our suppliers and creditors:

1. first notify us in writing and
2. personally verify any change in bank details or change in beneficiary in any payment advice to Western Bulk.

In summary, notices of bank account changes will require voice confirmation from your Western Bulk contact, either by telephone or face to face, before payment can be authorised so please make sure to notify any changes in good time.