COWEN HOLDING AS

Organization

Chairman of the board: FV
Frank Vollen1962
Years since formation: 9 years; since Dec 2, 2016
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 17,446,100; 1 share class
Total number of shareholders: 117; 11 companies, 106 persons

Financials

Annual total result 2024: 116,537,975; NOK
Total equity 2024: 130,338,099; NOK

Last update: Sep 24, 2025

Management

Board

Name	Role	Shares
CT Christina Thingvold 1988	Board Member	-
FV Frank Vollen 1962	Chairman	5.46 % indirectly
TS Trond Stillaug Johansen 1981	Board Member	2.21 % directly

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-
S SPAREBANK 1 REGNSKAPSHUSET SMN AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
JS Jorunn Seljelid 1967	-	11.46 % directly
JE Johan Erik Grefstad 1963	-	5.73 % directly
FV Frank Vollen 1962	Chairman	5.46 % indirectly
EH Erik Halsen Sagvolden 1988	-	4.08 % indirectly
MH Martin Hassel 1978	-	3.04 % indirectly
CM Christian Madsen 1987	-	3.01 % directly
TS Tore Sagvolden 1959	-	2.89 % indirectly
KM Knut Mo 1965	-	2.87 % directly
ZC Zhongxi Chao 1973	-	2.87 % directly
SE Stein Eggan 1968	-	2.29 % indirectly

Last update: Feb 25, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
JS Jorunn Seljelid 1967	Ordinary shares	2,000,000	11.46 %
V VANGSENGET AS	Ordinary shares	1,400,000	8.02 %
U ULTRA ADVENTURE AS	Ordinary shares	1,306,800	7.49 %
JE Johan Erik Grefstad 1963	Ordinary shares	1,000,000	5.73 %
S SKARENGET EIE AS	Ordinary shares	700,000	4.01 %
M MYRBAKKEN AS	Ordinary shares	699,500	4.01 %
M MOBIUS AS	Ordinary shares	531,000	3.04 %
CM Christian Madsen 1987	Ordinary shares	525,000	3.01 %
ZC Zhongxi Chao 1973	Ordinary shares	500,000	2.87 %
KM Knut Mo 1965	Ordinary shares	500,000	2.87 %
C COSTERA AS	Ordinary shares	400,000	2.29 %
TS Trond Stillaug Johansen 1981	Ordinary shares	385,000	2.21 %
D DESMO AS	Ordinary shares	370,000	2.12 %
O OTIUM INVEST AS	Ordinary shares	346,500	1.99 %
JD Jan Dahlsveen 1966	Ordinary shares	300,000	1.72 %
LM Linda Martens Pedersen 1967	Ordinary shares	270,000	1.55 %
JC Jens Christen Rolfsen 1967	Ordinary shares	250,000	1.43 %
AK Ann Kristin Nilsen Okstad 1965	Ordinary shares	250,000	1.43 %
JC Jens Christian Holst 1969	Ordinary shares	248,500	1.42 %
EH Elisabeth Hansson Blix 1958	Ordinary shares	247,500	1.42 %
C COWEN HOLDING AS	Ordinary shares	244,083	1.4 %
TE Thor Erik Musæus 1960	Ordinary shares	230,000	1.32 %
EF Einar Frode Langdal 1967	Ordinary shares	220,000	1.26 %
EM Espen Møller Rokstad 1978	Ordinary shares	199,485	1.14 %
AL Anne Lise Fjeldsgård 1970	Ordinary shares	165,000	0.95 %
SO Sigve Oltedal 1980	Ordinary shares	150,000	0.86 %
TE Tor Erik Melseth 1982	Ordinary shares	150,000	0.86 %
JM John Magne Kaldestad Øyra 1982	Ordinary shares	130,000	0.75 %
ØL Øystein Lindland 1984	Ordinary shares	125,000	0.72 %
B BÆRI INVEST AS	Ordinary shares	122,750	0.7 %
GH Gunnar Hauland 1966	Ordinary shares	110,000	0.63 %
HS Helge Stangeland 1956	Ordinary shares	108,900	0.62 %
BS Bernt Stefan Landsverk Isaksen 1979	Ordinary shares	100,000	0.57 %
LK Lise Kristine Isdahl Moe 1975	Ordinary shares	100,000	0.57 %
EM Eivind Mæhla Olden 1982	Ordinary shares	100,000	0.57 %
RK Reidun Kristine Opsahl 1988	Ordinary shares	100,000	0.57 %
FH Frank Hansen 1974	Ordinary shares	100,000	0.57 %
RN Ranveig Niemi 1982	Ordinary shares	100,000	0.57 %
IB Ingrid Bratberg Nilsen 1985	Ordinary shares	99,000	0.57 %
EK Eivind Kleiven 1981	Ordinary shares	99,000	0.57 %
SO Sigurd Oddmar Stiles 1971	Ordinary shares	99,000	0.57 %
KC Kai Christer Jensen 1975	Ordinary shares	99,000	0.57 %
S SOLIBAKKE INVEST AS	Ordinary shares	99,000	0.57 %
PZ Pengyu Zhu 1986	Ordinary shares	99,000	0.57 %
SA Stephen Andrew Town 1975	Ordinary shares	93,453	0.54 %
VF Vibeke Francisca Søiland 1979	Ordinary shares	74,250	0.43 %
NJ Nathaniel John Edwin 1989	Ordinary shares	60,390	0.35 %
BI Bjarte Ims 1988	Ordinary shares	60,000	0.34 %
RJ Rolf Johan Bye 1968	Ordinary shares	60,000	0.34 %
MS Morten Skjong 1986	Ordinary shares	59,400	0.34 %
BA Bård A Ballestad Rounge 1976	Ordinary shares	54,549	0.31 %
PR Peter Risberg Ellevseth 1982	Ordinary shares	54,450	0.31 %
ØS Øystein Skogvang 1980	Ordinary shares	50,000	0.29 %
ES Espen Stemland 1963	Ordinary shares	50,000	0.29 %
MS Maria Snørteland Wold 1981	Ordinary shares	50,000	0.29 %
AO Arve Olaf Alvik Torgauten 1988	Ordinary shares	49,500	0.28 %
ES Elisabeth Sørdal 1967	Ordinary shares	49,500	0.28 %
SD Sturle Danielsen Tvedt 1975	Ordinary shares	49,500	0.28 %
XY Xue Yang 1982	Ordinary shares	49,500	0.28 %
LK Lena Kjerpeseth 1971	Ordinary shares	40,000	0.23 %
TV Torleif Veen 1984	Ordinary shares	40,000	0.23 %
ØP Øyvind Pettersen 1975	Ordinary shares	39,600	0.23 %
CT Christina Thingvold 1988	Ordinary shares	35,000	0.2 %
BA Bjørn Axel Gran 1968	Ordinary shares	30,000	0.17 %
NB Nguyen Brault Chau	Ordinary shares	29,700	0.17 %
CC Carl Christian Lundtofte 1985	Ordinary shares	29,700	0.17 %
MR Margrethe Rapp Stavrum 1989	Ordinary shares	25,300	0.15 %
LM Lars Mogstad 1996	Ordinary shares	20,000	0.11 %
LS Lars Samuelsen 1996	Ordinary shares	20,000	0.11 %
LI Leif Inge K Sørskår 1981	Ordinary shares	20,000	0.11 %
LK Lene Kristine Larsen 1989	Ordinary shares	20,000	0.11 %
LF Linda Fløttum 1975	Ordinary shares	20,000	0.11 %
IW Iselin Wabakken 1990	Ordinary shares	20,000	0.11 %
IS Ingeborg Sofie Gumdal 1997	Ordinary shares	20,000	0.11 %
IF Ingar Fossan 1972	Ordinary shares	20,000	0.11 %
MT Marit T M D Vaage 1978	Ordinary shares	20,000	0.11 %
MP Marita Pytte 1995	Ordinary shares	20,000	0.11 %
HL Hege-Renate Larsen 1977	Ordinary shares	20,000	0.11 %
KA Kristine Austad Ninni 1986	Ordinary shares	20,000	0.11 %
OO Ondrej Osicka 1992	Ordinary shares	20,000	0.11 %
GO Geir Ove Myhr 1979	Ordinary shares	20,000	0.11 %
EP Engström Per	Ordinary shares	20,000	0.11 %
KE Kvam Eva 1982	Ordinary shares	20,000	0.11 %
PA Pontus Alm	Ordinary shares	20,000	0.11 %
KW Kumara Welahetti Welahettige Prasanna 1987	Ordinary shares	20,000	0.11 %
ER Elisabeth Rudaa 1990	Ordinary shares	20,000	0.11 %
ER Eldrid Roald Nilsen 1966	Ordinary shares	20,000	0.11 %
AB Alnasser Babak	Ordinary shares	20,000	0.11 %
HJ Hardangen Jonas 1994	Ordinary shares	20,000	0.11 %
ET Elias Toloza Trujillo Jhonattan 1989	Ordinary shares	20,000	0.11 %
JP Jeton Partini	Ordinary shares	20,000	0.11 %
KR Kanchan Rai 1979	Ordinary shares	20,000	0.11 %
KR Karen Ranestad 1986	Ordinary shares	20,000	0.11 %
NC Nunez Ceciliano Jefry 1986	Ordinary shares	20,000	0.11 %
KF Kristina Frölander	Ordinary shares	20,000	0.11 %
RN Rune Natten Kleiveland 1972	Ordinary shares	20,000	0.11 %
CH Christer Honoré-Livermore 1984	Ordinary shares	20,000	0.11 %
SK Siren Kristine Bergslid 1993	Ordinary shares	20,000	0.11 %
SA Sverre Arnstein Skogset 1964	Ordinary shares	20,000	0.11 %
MW Michael Welte Thomas 1976	Ordinary shares	20,000	0.11 %

Shares owned by the COWEN HOLDING AS

Name	Share class	Total number of shares	Share
C COWEN HOLDING AS	Ordinary shares	244,083	1.4 %

Last update: Jun 2, 2025

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	0	0	0	0
Annual Total Result	116,537,975	-512,818	-1,382,242	4,436,812
Total assets	136,023,345	13,976,487	16,446,673	29,060,941
Total liabilities	5,685,246	0	1,903,988	13,432,169
Total equity	130,338,099	13,976,487	14,542,685	15,628,772

P&L

Year	2024	2023	2022	2021
Total operating income	0	0	0	0
Total operating costs	1,162,206	779,464	84,524	21,323
Operating result	-1,162,206	-779,464	-84,524	-21,323
Financial income/costs	117,700,181	266,646	-1,297,718	4,458,135
Profit before tax	116,537,975	-512,818	-1,382,242	4,436,812
Total tax & extraordinary income/cost	0	0	0	0
Annual Total Result	116,537,975	-512,818	-1,382,242	4,436,812

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	0	13,502,405	16,308,212	17,826,400
Total current assets	136,023,345	474,082	138,461	11,234,541
Total assets	136,023,345	13,976,487	16,446,673	29,060,941
Short term debt	5,685,246	0	23,625	3,400,000
Long term debt	0	0	1,880,363	10,032,169
Total liabilities	5,685,246	0	1,903,988	13,432,169
Contributed capital	15,634,275	15,699,759	15,542,169	15,394,049
Retained earnings	114,703,824	-1,723,272	-999,484	234,723
Total equity	130,338,099	13,976,487	14,542,685	15,628,772
Total equity and liabilities	136,023,345	13,976,487	16,446,673	29,060,941

Classification

Type of organization

Limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

2100

Private non-financial incorporated enterprises

COWEN HOLDING AS918 126 880

COWEN HOLDING AS

Organization

Ownership

Financials

Management

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the COWEN HOLDING AS

Financials

Summary

P&L

Balance overview

Classification