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20 largest shareholders
| Rank | Name | % of total | Number of shares |
| 1 | Valedo Partners III AB | 39.6% | 67 903 692 |
| 2 | B. Ulstein AS | 6.5% | 10 741 975 |
| 3 | Capital Research Global Investors | 5.1% | 8 566 879 |
| 4 | Anabranch Capital Management LP | 4.8% | 7 996 348 |
| 5 | Janus Henderson Investors | 3.3% | 5 439 258 |
| 6 | Société Générale Securities Services S.A. | 3.2% | 5 285 394 |
| 7 | Invesco Advisers, Inc. | 2.6% | 4 347 685 |
| 8 | Allianz Global Investors GmbH | 2.5% | 4 203 966 |
| 9 | Handelsbanken Kapitalförvaltning AB | 2.5% | 4 111 887 |
| 10 | Chelverton Asset Management Ltd. | 1.5% | 2 550 000 |
| 11 | DNCA Investments | 1.4% | 2 377 564 |
| 12 | Langdon Equity Partners Ltd | 1.4% | 2 329 435 |
| 13 | Directors & Related | 1.3% | 2 226 590 |
| 14 | Mustad Industrier AS | 1.3% | 2 102 500 |
| 15 | Norda ASA | 1.2% | 1 926 358 |
| 16 | Grandeur Peak Global Advisors, LLC | 1.1% | 1 800 353 |
| 17 | Eaton Vance Management | 1.0% | 1 725 290 |
| 18 | Long Path Partners, LP | 1.0% | 1 713 449 |
| 19 | Amundi Asset Management, SAS | 1.0% | 1 615 168 |
| 20 | Lannebo Kapitalförvaltning AB | 1.0% | 1 610 199 |
SmartCraft regularly undertakes an analysis of shareholders registered at nominee accounts to get a more complete picture of the underlying shareholder base than what the VPS shareholder register would give. The list of the 20 largest shareholders above is based on this analysis and is updated as of March 31st 2025.
The shareholder ID data are provided by Nasdaq OMX. The data are obtained through the analysis of beneficial ownership and fund manager information provided in replies to disclosure of ownership notices issued to all custodians on the SmartCraft share register. Whilst every reasonable effort is made to verify all data, neither Nasdaq OMX nor SmartCraft can guarantee the accuracy of the analysis.
In accordance with Norwegian law, a shareholder registry identifying beneficial owners must be made available once per year. SmartCraft shareholder registry as of March 31, 2025, is available upon request. To receive a copy, please contact ir@smartcraft.com.
VPS shareholder register
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