Issued capital and shareholdings

The issued share capital and related voting rights changed on two occasions in 2023: on 4 May 2023 as a result of the issuance of (depositary receipts for) shares in connection with the payment of the dividend on (depositary receipts for) ordinary shares in the form of stock dividend, and on 5 September 2023 in connection with the issuance of 2,300,000 (depositary receipts for) ordinary shares as part of the payment of the purchase price related to the acquisition of Van Wanrooij Bouwontwikkeling.

As per the amendment of the articles of association of 6 September 2023, the voting right vested in the ordinary shares is one vote per ordinary share. The composition of the issued capital and related voting rights as at 31 December 2023 was as follows:

Issued capital

(Potential) Voting right

Aantal

%

Aantal

%

Total ordinary shares at year-end

26,825,860

100.0%

26,825,860

0.0%

Depositary receipts

26,825,853

100.0%

26,825,853

100.0%

Non-depositary receipts

7

0.0%

7

0.0%

To the best of Heijmans’ knowledge, and also based on the WMZ (Dutch Major Holdings in Listed Companies Disclosure Act) register maintained by the Dutch Financial Markets Authority (AFM), the following investors held an interest of 3% or more in Heijmans as at 31 December 2023:

Interests in Heijmans

31 December 2023

31 December 2022

Capital interest (%)

Potential voting rights (%)

Capital interest (%)

Potential voting rights (%)

Van Wanrooij B&O B.V. (fam. Van Wanrooij)

8.6%

8.6%

0.0%

0.0%

ASR Vermogensbeheer

5.0%

5.0%

5.7%

5.7%

C.A.C.M. Oomen

4.6%

4.6%

5.2%

5.2%

Acadian Asset Management LLC

3.7%

3.7%

4.1%

4.1%

Dimensional Fund Advisors LLP

3.6%

3.6%

4.0%

4.0%

Quaero Capital SA

3.2%

3.2%

5.6%

5.6%

Unionen

<3%

<3%

3.4%

3.4%

28.6%

28.6%

28.0%

28.0%

Other interests

71.4%

71.4%

72.0%

72.0%

Total

33.6%

100.0%

100.0%

100.0%

Based on the information provided by banks and custodians and information services, the distribution of share ownership can be broken down as follows:

In the year under review, the (estimated) interest in Royal Heijmans N.V. to the extent held by institutional investors is likely to have increased to 49.8% (2022: 44.6%). Of the number of depositary receipts for ordinary shares held by institutional investors, an estimated 43.6% are held in the Netherlands (year-end 2022: 33.5%). The increase among Dutch shareholders was mainly related to the placement of 2.3 million shares with the Van Wanrooij family as part of the acquisition. Of the number of depositary receipts for ordinary shares held by private investors, the majority are estimated to be held in the Netherlands.