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 €735 million at year-end 2021 (year-end 2020: €466 million).

Investor relation policy

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

BAM publishes quarterly (financial) information. The full-year and half-year results are presented at analyst meetings. The trading updates for the first quarter and the nine months 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 road shows and participates in investor conferences to meet existing and potential investors. All data and venues are published on the website.

BAM observes a closed period in which no meetings with existing or potential investors take place. For the annual results, this period extends from 1 January up to the date of publication. For the half-year results the closed period extends from 1 July up to the day of publication. For the trading updates after the first quarter and the nine months, it extends from 1 April and 1 October, up to the day of publication.

BAM is covered by analysts of all major 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. Contact details are available on the website.

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 on under the link Investor relations or from Manager Investor Relations Michel Aupers, e-mail, telephone +31 (0)30 659 89 88.

Share price

The 2021 closing price of the ordinary share was €2.69, which was 57 per cent above the closing price at year-end 2020 (€1.71). The AScX index ended the year 23 per cent higher. BAM’s share price decreased by 39 per cent over the last five years. By way of comparison, the AEX and the AScX index rose by 65 per cent and 87 per cent in the same period. 

Graph 45 shows the history of the BAM ordinary share price over the past five years.

Ordinary share price movement

Trading volume on Euronext Amsterdam

In 2021 the average daily trade was 2,021,000 BAM shares (2020: 3,331,000). In 2021 the average daily trade in BAM shares was €4.8 million (2020: €5.3 million).

The movement in the number of outstanding shares



Outstanding ordinary shares as at 1 January



Shares issued for stock dividend



Outstanding ordinary shares as at 31 December



Treasury shares to offset dilution stock dividend



Treasury shares held for Performance Share Plan



Ordinary shares ranking for dividend as at 31 December



Percentage ordinary shares ranking for dividend