Shareholder Structure

Since 2013, the shares of NORMA Group have been 100% in circulation. Thanks to our active investor relations work, NORMA Group shares have since gained international recognition. As a result, awareness of the company among international investors has also risen continuously, so that the shareholder base has been broadly diversified on a regional basis.

The Management Board of NORMA Group holds less than 1%.

Shareholder structure according to voting rights notifications (as of  November 13, 2025)
Teleios Capital, Zug, Switzerland20.98%
The Goldman Sachs Group, Inc, Wilmington, DE, USA5.17%3
SPICE TWO Investment Coöperatief U.A., Amsterdam, Netherlands5.00%
Amundi SA, Paris France13.35%2
Newtyn Management, LLC, New York, NY, USA3.30%
Schroders PLC, London, United Kingdom3.10%
Lazard Frères Gestion SAS, Paris, France3.03%
KBI Global Investors Ltd., Dublin, Ireland13.01%

1   Amundi SA is the controlling company in the chain of subsidiaries.
2  Of this, 2.98% are voting rights attached to shares, 0.37% are voting rights through instruments.
3  Of this, 1.06% are voting rights associated with shares, 4.10% are voting rights through instruments.