Stock exchange listing

BAM has been listed on Euronext Amsterdam since 1959 (symbol: BAMNB; ISIN code: NL0000337319). The share is included in the AScX index, and options are traded by Liffe, the Euronext derivatives exchange. The market capitalisation was €582 million at year-end 2022 (year-end 2021: €735 million).

Investor relation policy

The purpose of the investor relations policy is to provide accurate, transparent and consistent information simultaneously and in a timely manner to stakeholders, which include existing and potential shareholders, financial institutions, brokers and the media. BAM intends to ensure there is a clear understanding about its strategy, performance and decisions to create awareness and confidence. Information is made available through the annual report, quarterly financial and other information, press releases and presentations to investors, which are all available on the Company’s website. BAM discloses price-sensitive information without delay through press release and on its website.

BAM publishes quarterly financial and other information. The full-year and half-year results are presented at analyst meetings. The trading updates for the first quarter and the third quarter are presented during conference calls. These events are held in the English language and can be followed live or on demand on the website. BAM organises roadshows and participates in investor conferences to meet existing and potential investors. All data and venues are published on the Company’s website.

In its annual reporting cycle, BAM embeds a closed period in which the Company does not enter into contact with investors, analysts or the press about the general business of the Company. This closed period starts six weeks prior to the publication of each annual report and half-year report and three weeks prior to the publication of the first and third quarter trading updates.

BAM is covered by analysts from most Dutch brokers; they are key in distributing information to support the investment case to their clients. Research reports about BAM are available through these brokers.

All activities comply with the rules and regulations of Euronext Amsterdam and the Dutch Authority for the Financial Markets (AFM).

More information about investor relations is available on under the link ‘Investor relations’ or from Michel Aupers, Manager Investor Relations, at, telephone +31 (0)30 659 89 88.

Share price

The 2022 closing price of the ordinary share was €2.17, which was 19 per cent below the closing price at year-end 2021 (€2.69). The AScX index ended the year 15 per cent lower. BAM’s share price decreased by 43 per cent over the last five years. By way of comparison, the AEX and the AScX indexes rose by 27 per cent and 9 per cent respectively in the same period.

Graph 51 shows the history of the BAM ordinary share price over the past five years.

Ordinary share price movement

Trading volume on Euronext Amsterdam

The average daily trade in BAM shares was 2,151,000 ordinary shares (2021: 2,021,000). In 2022, the average daily trade in BAM shares amounted to €5.4 million (2021: €4.8 million).

The movement in the number of outstanding shares



Outstanding ordinary shares as at 31 December



Treasury shares held for Performance Share Plan (6,805,850) (5,174,216)

Treasury shares to offset dilution stock dividend



Ordinary shares ranking for dividend as at 31 December



Percentage ordinary shares ranking for dividend