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VIPsight

Corporate Governance – portrayed in the individual cultural and legal framework, from the standpoint of equity capital.

VIPsight is a dynamic photo archive, sorted by nations and dates, by and for those interested in CG from all over the world.

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transparent and independent current information / comments / facts and figures on corporate governance locally and internationally,

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VIPsight International


Article Index

VIPsight - April 2012


COMPANIES

 

Hauck & Aufhäuser Privatbankiers KGaA

Börsen-Zeitung 20.04.2012

Issue:77, Page: 16

Author: ski

Michael Hauck at 85

ski - Share culture or the lack of it in Germany is a key issue that Michael Hauck will still not let go of. In a chronicle of Hauck & Aufhauser Privatbankiers published at the end of last year, and in the recent Annual Report, the descendant of one founding family and honorary chairman of the bank born of a 1998 Hessian-Bavarian merger came back to it again. Publicizing shares as a form of investment and as a financing tool for businesses should continue to be a major concern for private bankers, Hauck says, adding: "How else should funding for young companies be than through the stock market? Let us not be discouraged by the fact that shares lost in reputation after the collapse of the new economy. Here there is a real gap in the market for good and responsible advice."

Hauck headed the bank Georg Hauck & Sohn as general partner for 38 years until the end of 1993; he had already made his career choice in elementary school, or felt committed. Yet he was and is not just a banker. He also worked for three decades on the board of the Frankfurt Stock Exchange and was its President from 1986 to 1989, so he knows what he's talking about. That may also apply to this quote: "I would never have agreed to the stock market itself being listed as a company on the stock exchange. That is for me a contradiction in terms, for an exchange must also preserve the public interest. A private company cannot."

That shows the "outspoken maverick in the Frankfurt financial centre," as Rüdiger von Rosen, the former Chief of the German Stock Exchange, now managing director of the German Stock Institute, once called him, or "the one-time rebel" of the stock market, as the Börsen-Zeitung wrote in an earlier assessment. One thing is certain: Hauck has never failed to speak his mind. "A very self-confident CEO" of the former Hoechst AG, as Michael Hauck himself tells it, had once said in an Annual General Meeting that he would grant the shareholders attractive subscription rights in a capital increase. Hauck's reply: he can't give shareholders anything at all, after all it's their money. Nowadays that's called Corporate Governance, though it is probably not out of the question for one CEO or the other even today still to want to "grant" his capital providers something.

Regardless of the fact that Hauck was entirely right on the merits: many anecdotes from the in some respects really good old days he likes to tell testify to the fact that he is fond of a laugh. Such as the story of another private banker who invited Hauck long after the close of business, so he wouldn't notice he could no longer afford the porter usual in the industry.

On Sunday, Michael Hauck completes his 85th year of age. A few days later the partners of the bank will hold a festive evening for him, at which the former chief economist of the European Central Bank, Jürgen Stark, will give a lecture. It is unlikely to be primarily about equity culture.

(translated from Börsen-Zeitung, 20.4.2012)

 

 


 

Buhlmann's Corner

 

A Banana Republic, and box-ticking

If a Banana Republic is one where the length and curvature of the banana are legally regulated and prescribed, but on the other hand the rules apply only for those who are not plantation owners, then Germany is clearly a banana republic when it comes to corporate governance. Although the Code, Company Law and the Law on the Appropriateness of Executive Compensation, and even the charter, contain clear, simple and metrical rules for good behaviour, and there are also transparent-seeming decision-making and open criticism, the criteria do not seem to be relevant for the Piëch family business called "Volkswagen AG".

When a few years ago I texted, "Grandson buys grandpa's business with the operating assets", I meant it very ironically - now the talk is of gross dereliction of duty, as the judges at the Stuttgart Higher Regional Court found. When I asked a little later at the AGM, "what happens to VW if Ferdinand Piëch gets a cold?" rather than a reply I got a certificate the rule-maker was in the best of health.

In the chain of Executive Chairmen, Works Council chairmen and Supervisory Board chairmen there has been none who could handle the the delicate - and never really understood in Brussels at the European Commission, even with Wiedeking's help - rules of the so-called VW Act with such virtuosity. This law, only partially explained even in Wikipedia, makes its own structures, preserving power as a bulwark against the rest of the world. True enough, any shareholder could have known these circumstances before he bought a single share.

What brought the global criticism from shareholders, customers and politics of Murdoch & Family at News Corp. was denied media wizard Leo Kirch for 10 years at Deutsche Bank. With Ferdinand Piëch, it just rolls off like rain on the nano-paint sealer:

When at MAN the election of top-earner Martin Winterkorn in the 2011 AGM agenda met with criticism from shareholders, the vote was changed slightly and stooges were elected, who in 2012 must give way to the candidate from 2011 - a clear signal that the non-elected are to call the shots in the meantime.

CalSTRS, the State Board of Florida & co. have announced 'no' votes for the upcoming VW AGM - sometimes they are against the election of a wife, sometimes they are desperately seeking the last independent directors, and sometimes it is just uncertainty about how a single person in 360 days can be worth €17 million, can earn it or even only ought to get it, and how this is related with a book-value profit of 5 billion in Porsche derivatives (fair value).

If the no votes are sent to the Volkswagen Annual General Meeting by simple box-ticking, then the Piëch Banana Republic has already won. Only if the shareholders have their voting participation confirmed have they a chance to know what happened. At MAN in 2011, without being noticed by shareholders more than half of the capital present was relegated to abstention. At VW it cannot be excluded that critical votes fail at the entrance stairs to the AGM forum - because the VW Law - no, the family patriarch - wants it that way. Grandpa's firm is nobody's business - right?

 

 

 


 

AGM Dates

 

Company Date Event Place Address Start Published on
DAX
BMW 16/05/2012 ord. AGM 80809 München Coubertinplatz, in der Olympiahalle im Olympiapark 10:00 28/03/2012
The Agenda for the ordinary AGM of Bayerische Motoren Werke AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Bayerische Motoren Werke AG earned balance-sheet profits of €1.507.93m last business year. The profits are to be fully paid out as dividend. Approval of the system of executive remuneration is to be decided.
Deutsche Börse 16/05/2012 ord. AGM 65929 Frankfurt Pfaffenwiese, in der Jahrhunderthalle Frankfurt 10:00 28/03/2012
The Agenda for the ordinary AGM of Deutsche Börse AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Deutsche Börse AG earned balance-sheet profits of €650.0m last business year. Of the profits, €605.44m is to be paid out as dividend and €44.56m allocated to reserves. Elections to the Supervisory Board are to be held. The existing Authorized Capital is to be replaced by a new one of €6m, with the possibility of excluding subscription rights. The remuneration of the Supervisory Board is to be re-regulated. Additionally, several charter amendments are to be decided.
Fresenius 11/05/2012 ord. AGM 60327 Frankfurt Ludwig.erhard-Anlage 1, im Congress Center Messe Frankfurt 10:00 28/03/2012
The Agenda for the ordinary AGM of Fresenius SE & Co. KGaA starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Fresenius SE & Co. KGaA earned balance-sheet profits of €454.82m last business year. Of the profits, €155.08m is to be paid out as dividend, €299.7m allocated to reserves and €0.04m carried forward to a new account. Approval of the system of executive remuneration is to be decided. Additionally, the company is to be authorized to issue option and convertible bonds, with the possibility of excluding subscription rights. For this, Conditional Capital of €16.32m is to be kept available. The company is to be authorized to purchase its own shares and use them, and to exclude subscription rights. Additionally, several charter amendments are to be decided.
FCM 10/05/2012 ord. AGM 60327 Frankfurt Ludwig-Erhard-Anlage 1, im Congress Center Messe Frankfurt 10:00 28/03/2012
The Agenda for the ordinary AGM of Fresenius Medical Care AG & Co. KGaA starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Fresenius Medical Care AG & Co. KGaA earned balance-sheet profits of €635.36m last business year. Of the profits, €209.93m is to be paid out as dividend and €425.43m carried forward to a new account. The Audit and Corporate Governance Committee is in future to consist exclusively of independent members. The company charter is to be amended accordingly.
adidas 10/05/2012 ord. AGM 90762 Fürth Rosenstraße 50, in der Stadthalle Fürth 10:30 20/03/2012
The Agenda for the ordinary AGM of adidas AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. adidas AG earned balance-sheet profits of €312.21m last business year. Of the profits, €209.22m is to be paid out as dividend and €103m carried forward to a new account. Approval of the system of executive remuneration is to be decided. Additionally, several charter amendments are to be decided.
Deutsche Post 09/05/2012 ord. AGM 65929 Frankfurt Pfaffenwiese 301, in der Jahrhunderthalle Frankfurt 10:00 28/03/2012
The Agenda for the ordinary AGM of Deutsche Post AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Deutsche Post AG earned balance-sheet profits of €1,520.09m last business year. Of the profits, €846.31m is to be paid out as dividend and €673.78m allocated to reserves. The authorization to purchase its own shares and use them, and to exclude subscription rights, is to be supplemented.
K+S 09/05/2012 ord. AGM 34119 Kassel Holger-Börner-Platz 1, im Kongress Palais Kassel, Stadthalle 10:00 28/03/2012

The Agenda for the ordinary AGM of K+S AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. K+S AG earned balance-sheet profits of €260.05m last business year. Of the profits, €248.82m is to be paid out as dividend and €11.23m carried forward to a new account. A confirmatory election of Dr. Bethke is to be held. The remuneration of the Supervisory Board is to be re-regulated. The shareholders are in future to be allowed to cast their votes in writing or by e-mail (postal vote). Additionally, several charter amendments are to be decided.
Deutsche Lufthansa 08/05/2012 ord. AGM 50679 Köln Willy-Brandt-Platz1, in der LANXESS arena 10:00 20/03/2012
The Agenda for the ordinary AGM of Deutsche Lufthansa AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Deutsche Lufthansa AG earned balance-sheet profits of €114.48m last business year. The profits are to be fully paid out as dividend. Additionally, a control and profit-transfer agreement between Deutsche Lufthansa AG and Eurowings GmbH is to be concluded. The object of the company is in future to be set as aviation at home and abroad and operation of businesses and institutions connected or related with aviation and its promotion. The remuneration of the Supervisory Board is to be re-regulated. Additionally, several charter amendments are to be decided.
Linde 04/05/2012 ord. AGM 81823 München Messegelände, Internationales Congress Center München (ICM) 10:00 21/03/2012
The Agenda for the ordinary AGM of Linde AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Linde AG earned balance-sheet profits of €427.65m last business year. The profits are to be fully paid out as dividend. Approval of the system of executive remuneration is to be decided. The existing Authorized Capital is to be replaced by a new one of €70m, with the possibility of excluding subscription rights. Additionally, a resolution on the creation of a conditional capital 2012 of €10.24m is to be taken, for issuing options to board members of Linde Aktiengesellschaft, members of management bodies of associated companies at home and abroad and selected management staff of Linde Aktiengesellschaft and associated companies at home and abroad in connection with a Long Term Incentive Plan 2012 on the basis of an authorization resolution. The Company is to be newly authorized to purchase its own shares and use them, with the possibility of excluding subscription rights. The existing authorization is to be suspended. Additionally, several charter amendments are to be decided.
HeidelbergCement 03/05/2012 ord. AGM 69117 Heidelberg Neckarstaden 24, im Kongresshaus Stadthalle Heidelberg 10:00 22/03/2012
The Agenda for the ordinary AGM of HeidelbergCement AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. HeidelbergCement AG earned balance-sheet profits of €70.18m last business year. Of the profits, €65.63m is to be paid out as dividend and €4.55m carried forward to a new account. A resolution amending §5(1) of the charter on shareholders' rights to registration of their shares is to be taken.
E.ON 03/05/2012 ord. AGM 45131 Essen Norbertstraße 2, in der Grugahalle 10:00 21/03/2012
The Agenda for the ordinary AGM of E.ON AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. E.ON AG earned balance-sheet profits of €1,905.47m last business year. The profits are to be fully paid out as dividend. The company is to be converted into a European Company (Societas Europaea, SE). In this connection elections to the Supervisory Board are to be held. It is in future to consist of twelve members. The existing Authorized Capital is to be replaced by a new one of €460m. In addition, the Company is to be authorized to issue option and convertible bonds, as well as participation rights and income bonds. For this, Conditional Capital of €175m is to be kept available. The existing authorization and the existing Conditional Capital (Conditional Capital 2010) are to be suspended. The Company is to be newly authorized to purchase its own shares and use them The existing authorization is thereby to be suspended. Additionally, several charter amendments are to be decided.
BASF SE 27/04/2012 ord. AGM 68161 Mannheim Rosengartenplatz 2, im Congress Center Rosengarten 10:00 16/03/2012
The Agenda for the ordinary AGM of BASF SE starts with the usual items, like presentation of annual accounts and discharge to the company bodies. BASF SE earned balance-sheet profits of €3,506.34m last business year. Of the profits, €2,296.2m is to be paid out as dividend and €1,210.15m allocated to reserves. The Board is to be authorized to buy own shares and use them, also for withdrawing own shares and reducing capital. The shareholders are in future to be allowed to cast their votes in writing or by e-mail, even without attending the AGM (amendment to charter §17).
Bayer 27/04/2012 ord. AGM 50679 Köln Deutz-Mühlheimer-Straße 111, Congress-Centrum Koelnmesse, Eingang Nord, Halle 7 10:00 28/02/2012
The Agenda for the ordinary AGM of Bayer AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Bayer AG earned balance-sheet profits of €1,364.46m last business year. The profits are to be fully paid out as dividend. Elections to the Supervisory Board are to be held. The remuneration of the Supervisory Board is to be re-regulated.
Beiersdorf 26/04/2012 ord. AGM 20355 Hamburg Am Dammtor/Marseiller Straße, im Congress Centrum Hamburg 10:30 01/03/2012
The Agenda for the ordinary AGM of Beiersdorf AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Beiersdorf AG earned balance-sheet profits of €176.4m last business year. Of the profits, €158.77m is to be paid out as dividend and €17.63m allocated to reserves. Elections to the Supervisory Board are to be held. Additionally, assent to the control and profit-transfer agreement between Beiersdorf AG and Beiersdorf Manufacturing Waldheim GmbH in favour of Beiersdorf AG is to be decided. Approval of the system of executive remuneration is to be decided.
Munich Re 26/04/2012 ord. AGM 81829 München Am Messesee 6, im IMC - Internationales Congress Center München, Messegelände 10:00 15/03/2012
The Agenda for the ordinary AGM of Münchener Rückversicherungs-Gesellschaft AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Münchener Rückversicherungs-Gesellschaft AG earned balance-sheet profits of €1,118.84m last business year. Of the profits, €1,109.87m is to be paid out as dividend and €8.88m carried forward to a new account. Approval of the system of executive remuneration is to be decided.
MAN SE 20/04/2012 ord. AGM 81823 München in der Messe münchen, Messegelände (Eingang Ost) 10:00 01/03/2012
The Agenda for the ordinary AGM of MAN SE starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Discharge to Mr Klaus Stahlmann is to be postponed. MAN SE earned balance-sheet profits of €373.74m last business year. Of the profits, €338.19m is to be paid out as dividend and €35.55m carried forward to a new account Elections to the Supervisory Board are to be held.
Merck 20/04/2012 ord. AGM 65929 Frankfurt Pfaffenwiese 301, Jahrhunderthalle Frankfurt 10:00 08/03/2012
The Agenda for the ordinary AGM of Merck KGaA starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Merck KGaA earned balance-sheet profits of €309.49m last business year. Of the profits, €96.93m is to be paid out as dividend and €212.56m carried forward to a new account. The remuneration of the management is to be re-regulated. Assent to the control and profit-transfer agreement between Merck KGaA and heipha Dr. Müller GmbH in favour of Merck KGaA is to be decided.
Volkswagen 19/04/2012 ord. AGM 20355 Hamburg Marseiller Straße 2, im Congress Center Hamburg 10:00 12/03/2012
The Agenda for the ordinary AGM of Volkswagen AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Volkswagen AG earned balance-sheet profits of €1,715.47m last business year. Of the profits, €1,405.91m is to be paid out as dividend, €300m allocated to reserves and €9.56m carried forward to a new account. Elections to the Supervisory Board are to be held.The existing Authorized Capital is to be replaced by a new one of €110m. The Company is to be newly authorized to purchase its own shares and use them. Additionally, several charter amendments are to be decided.
RWE 19/04/2012 ord. AGM 45131 Essen Norbertstraße 2, in der Grugahalle 10:00 06/03/2012
The Agenda for the ordinary AGM of RWE AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. RWE AG earned balance-sheet profits of €1,229.79m last business year. Of the profits, €1,228.89m is to be paid out as dividend and €0.89m carried forward to a new account.
Henkel 16/04/2012 ord. AGM 40474 Düsseldorf Rotterdamer Straße 141, im Congress Center Düsseldorf, Eingang CCD-Stadthalle 10:00 08/03/2012
The Agenda for the ordinary AGM of Henkel AG & Co. KGaA starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Henkel AG & Co. KGaA AG earned balance-sheet profits of €345.17m last business year. The profits are to be fully paid out as dividend. Elections to the Supervisory Board and the Partners Committee are to be held. Assent to an agreement amending the existing control and profit-transfer agreement between Henkel AG & CO. KGaA and Elch GmbH is to be decided. The remuneration of the Supervisory Board and the Partners Committee is to be re-regulated. Additionally, several charter amendments are to be decided.
Daimler 04/04/2012 ord. AGM 14055 Berlin in der Messe Berlin, Sondereingang Ecke Masurenallee/Messedamm 10:00 22/02/2012
The Agenda for the ordinary AGM of Daimler AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Daimler AG earned balance-sheet profits of €2,378.51m last business year. Of the profits, €2,345.96m is to be paid out as dividend and €32.55m allocated to reserves.Dr. Clemens Börsig is to be re~elected to the Supervisory Board.
MDAX
FUCHS PETROLUB 09/05/2012 ord. AGM 68161 Mannheim Rosengartenplatz 2, in der m:con: mannheim congress GmbH (Rosengarten), Mozartsaal 10:00 28/03/2012
The Agenda for the ordinary AGM of FUCHS PETROLUB AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. FUCHS PETROLUB AG earned balance-sheet profits of €132.84m last business year. Of the profits, €70.27m is to be paid out as dividend and €62.57m carried forward to a new account. Additionally, assent to the control and profit-transfer agreement between FUCHS PETROLUB AG and WISURA GMBH in favour of FUCHS PETROLUB AG is to be decided.
Hanover Re 03/05/2012 ord. AGM 30175 Hannover Theodor-Heuss-Platz 1-3, im HCC Hannover Congress Centrum (Kuppelsaal) 11:00 23/03/2012
The Agenda for the ordinary AGM of Hannover Rückversicherung AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Hannover Rückversicherung AG earned balance-sheet profits of €294m last business year. Of the profits, €253.25m is to be paid out as dividend and €40.75m carried forward to a new account. Approval of the system of executive remuneration is to be decided. Elections to the Supervisory Board are to be held. The conversion of Hannover Rückversicherungs AG into a European Company (Societas Europaea, SE) is to be decided.
HOCHTIEF 03/05/2012 ord. AGM 45131 Essen Norbertstraße, im Congress Center Essen, Eingang West 10:30 21/03/2012
The Agenda for the ordinary AGM of HOCHTIEF AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. The balance-sheet profits of €6.92m are to be fully carried forward to a new account. Approval of the system of executive remuneration is to be decided. The Company is to be newly authorized to purchase its own shares, with the possibility of excluding a right to purchase, and to use them even excluding statutory subscription rights of shareholders, and to cancel repurchased shares and reduce capital. The existing authorization is to be suspended. Additionally, several charter amendments are to be decided.
HUGO BOSS 03/05/2012 ord. AGM 70629 Stuttgart im Internationalen Congresszentrum Stuttgart ICS, Messepiaza, Saal C1 10:00 22/03/2012
The Agenda for the ordinary AGM of HUGO BOSS AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. HUGO BOSS AG earned balance-sheet profits of €203.1m last business year. Of the profits, €199.1m is to be paid out as dividend and €3.99m carried forward to a new account. The conversion of bearer shares into registered shares is to be decided. Additionally, a special resolution of ordinary shareholders on assent to the conversion of preference shares into ordinary shares with suspension of the preference is to be taken. Additionally, several charter amendments are to be decided.
MTU 03/05/2012 ord. AGM 85716 Unterschleißheim Andreas-Danzer-Weg 1, im Dolce Munich Unterschleissheim Ballhausforum 10:00 23/03/2012
The Agenda for the ordinary AGM of MTU Aero Engines Holding AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. MTU Aero Engines Holding AG earned balance-sheet profits of €61.18m last business year. Of the profits, €60.76m is to be paid out as dividend, and €0.42m allocated to reserves.
Continental 27/04/2012 ord. AGM 30175 Hannover Theodor-Heuss-Platz 1-3, im Kuppelsaal des Hannover Congress Centrums 10:00 21/03/2012
The Agenda for the ordinary AGM of Continental AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Continental AG earned balance-sheet profits of €508.49m last business year. Of the profits, €300.01m is to be paid out as dividend and €208.48m carried forward to a new account. The existing Authorized Capital is to be replaced by a new one of €70m, with the possibility of excluding subscription rights. The conditional capitals, conditional capital I of €111.5m and conditional capital II of €37,5m, are to be suspended. In addition, the Company is to be authorized to issue option and convertible bonds, with the possibility of excluding subscription rights. For this, Conditional Capital of €51m (Conditional Capital 2012) is to be kept available. The existing authorization to issue option and convertible bonds is to be suspended. The remuneration of the Supervisory Board is to be re-regulated. Additionally, several charter amendments are to be decided.
Dürr 27/04/2012 ord. AGM 74321 Bietigheim-Bissingen Carl-Benz-Straße 34, im Foyer des Verwaltungsgebäudes der Dürr Aktiengesellschaft 11:00 19/03/2012
The Agenda for the ordinary AGM of Dürr AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Dürr AG earned balance-sheet profits of €76.96m last business year. Of the profits, €20.76m is to be paid out as dividend and €56.2m carried forward to a new account. Elections to the Supervisory Board are to be held.
DEUTZ 26/04/2012 ord. AGM 50679 Köln Deutz-Mühlheimer Straße 51, im Congress-Centrum Ost der Koelmesse, haupteingang Osthallen 10:00 16/03/2012
The Agenda for the ordinary AGM of DEUTZ AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Additionally, assent to the control and profit-transfer agreement between DEUTZ AG and DEUTZ Asien Verwaltungs GmbH in favour of DEUTZ AG is to be decided.
Gerresheimer 26/04/2012 ord. AGM 40474 Düsseldorf Stockumer Kirchstraße 61, im Congress Center Düsseldorf (CCD Ost), Raum L, M, R 10:00 16/03/2012
The Agenda for the ordinary AGM of Gerresheimer AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Gerresheimer AG earned balance-sheet profits of €34.77m last business year. Of the profits, €18.84m is to be paid out as dividend and €15.93m carried forward to a new account. Elections to the Supervisory Board are to be held. The existing Authorized Capital is to be replaced by a new one of €15.7m, with the possibility of excluding subscription rights. Additionally, the company is to be newly authorized to issue option and convertible bonds. For this, Conditional Capital of €6.28m is to be kept available. Die bestehende Ermächtigung sowie das bestehende Bedingte Kapital soll aufgehoben werden. Additionally, several charter amendments are to be decided.
Axel Springer 25/04/2012 ord. AGM 10888 Berlin Axel-Springer-Straße 65, im Axel Springer Haus 10:00 14/03/2012
The Agenda for the ordinary AGM of Axel Springer AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Axel Springer AG earned balance-sheet profits of €168.2m last business year. Of the profits, €167.63m is to be paid out as dividend and €0.57m allocated to other reserves.
PUMA SE 24/04/2012 ord. AGM 91074 Herzogenaurach PUMA Way 1, im PUMA Brand Center 13:30 12/03/2012
The Agenda for the ordinary AGM of PUMA SE starts with the usual items, like presentation of annual accounts and discharge to the company bodies. PUMA SE earned balance-sheet profits of €95m last business year. Of the profits, €29.87m is to be paid out as dividend and €65.13m carried forward to a new account. Elections to the Administrative Board are to be held. The remuneration of the Administrative Board is to be re-regulated. The existing Conditional Capital is to be cancelled. The existing Authorized Capital is to be replaced by a new one of €7.5m. The existing Authorized Capital II is to be replaced by a new one of €7.5m. Additionally, several charter amendments are to be decided.
GEA Group 24/04/2012 ord. AGM 46045 Oberhausen Düppelstraße 1, im Kongresszentrum Luise-Albertz-Halle 10:00 13/03/2012
The Agenda for the ordinary AGM of GEA Group Aktiengesellschaft starts with the usual items, like presentation of annual accounts and discharge to the company bodies. GEA Group Aktiengesellschaft earned balance-sheet profits of €101.37m last business year. Of the profits, €101.09m is to be paid out as dividend and €0.27m carried forward to a new account. Approval of the system of executive remuneration is to be decided. Assent to the control and profit-transfer agreement between GEA Group Aktiengesellschaft and GEA Beteiligungsgesellschaft II mbH, and to the control and profit-transfer agreement between GEA Group Aktiengesellschaft and GEA Convenience-Food Technologie GmbH in favour of GEA Group Aktiengesellschaft, is to be decided. Elections to the Supervisory Board are to be held. The Authorized Capital of €77m is to be renewed. The existing conditional capital of €40.83m is to be created, to grant conversion rights to the existing shareholders of the former GEA AG to terminate the pending judicial proceedings. The existing Conditional Capital is to be cancelled. Additionally, several charter amendments are to be decided.
Sky Deutschland 03/04/2012 ord. AGM 80339 München Theresienhöhe 15, in der alten Kongresshalle 10:00 23/02/2012
The Agenda for the ordinary AGM of Sky Deutschland AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. By-elections to the Supervisory Board are to be held. The existing Authorized Capital is to be replaced by a new one of €389.45m, with the possibility of excluding subscription rights.A resolution on extension of the new authorized capital 2012 to facilitate the issuance of shares against contributions in kind and for the acquisition of loans to the company from corporate loans with authorization for partial exclusion of subscription rights is to be taken. In addition, the Company shall again be authorized to issue option and convertible bonds, with the authorization to exclude subscription rights. For this, a Conditional Capital of €335.54 million is to be kept available. The resolution of 15 April 2011 on an authorization for the Board to issue convertible and / or option bonds, and Conditional Capital 2011, will be repealed. . Additionally, several charter amendments are to be decided.
TecDAX
Drägerwerk 04/05/2012 ord. AGM 23554 Lübeck Willy-Brandt-Allee 10, in der Lübecker Musik- und Kongresshalle 10:00 21/03/2012
The Agenda for the ordinary AGM of Drägerwerk AG & Co. KGaA starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Drägerwerk AG & Co. KGaA earned balance-sheet profits of €158.22m last business year. Of the profits, €2.53m is to be paid out as dividend and €155.69m carried forward to a new account. The Company is to be authorized to purchase its own shares and use them, with the possible exclusion of tender rights on purchase and of subscription rights on sale.
Software AG 04/05/2012 ord. AGM 64283 Darmstadt Schlossgraben 1, im darmstadtium - Wissenschafts- und Kongresszentrum 10:00 28/03/2012
The Agenda for the ordinary AGM of Software AG starts with the usual items, like presentation of annual accounts and discharge to the company bodies. Software AG earned balance-sheet profits of €195.61m last business year. Of the profits, €39.91m is to be paid out as dividend, €1.97m allocated to reserves and €153.74m carried forward to a new account. The existing conditional capital of €0.750 million is to be reduced to €0.055 million. In addition, the conditional capital for issuing stock options to board members and executives is to be increased by €8.68 million. Additionally, assent to the amendment of the control and profit-transfer agreements between Software AG and SAG Deutschland GmbH, SAG Consulting GmbH and IDS Scheer Consulting GmbH is to be decided. The remuneration of the Supervisory Board is to be re-regulated. Additionally, several charter amendments are to be decided. .
PSI 03/05/2012 ord. AGM 10623 Berlin Fasanenstraße 85, Im Konferenzzentrum im Ludwig Erhard Haus 10:00 23/03/2012
The Agenda for the ordinary AGM of PSI AG für Produkte und Systeme der Informationstechnologie starts with the usual items, like presentation of annual accounts and discharge to the company bodies. PSI AG für Produkte und Systeme der Informationstechnologie earned balance-sheet profits of €6.11m last business year. Of the profits, €3.92m is to be paid out as dividend and €2.19m allocated to reserves.

 

 

 


 

Director's Dealings

 

Company Person Function Buying/ Selling Total value in Euros Number of shares Date
adidas Christian Tourres SB S 2.962.320 49.372 15.03.2012
Brenntag Dr. Andreas Rittstieg SB B 40.070 452 26.03.2012
Deutsche Telekom Dr. Manfred Wilhelm Balz AB B 81.396 9.000 21.03.2012
ElringKlinger Theo Becker AB B 67.375 3.000 12.03.2012
FMC Rolf A. Classon SB B 195.705 2.857 23.03.2012
FMC Dr. Walter L. Weisman SB B 136.340 2.000 09.03.2012
FMC Dr. Ben J. Lipps AB Chair S 3.731.571 70.935 06.03.2012
FUCHS PETROLUB Lieselotte Fuchs
S 1.241.310 30.000 19.03.2012
GERRY WEBER R + U Weber GmbH & Co. KG
B 582.000 20.000 19.03.2012
HeidelbergCement Kötitzer Leder- und Wachstuch-Werke
B 14.572.447 335.616 20.03.2012
HeidelbergCement Merckle Service GmbH
S 14.559.022 335.616 20.03.2012
Henkel Christoph Henkel
S 5.250.000 100.000 13.03.2012
Klöckner & Co Dr. Michael Rogowski SB S 49.725 1 21.03.2012
KRONES Schawei GmbH
B 381.440 10.000 22.03.2012
LANXESS Axel Heitmann AB B 1.325.940 22.000 22.03.2012
METRO Frans W. H. Muller AB B 76.750 2.500 20.03.2012
METRO Olaf Koch AB Chair4 B 597.560 20.000 21.03.2012
Munich Re Wolfgang Mayrhuber SB B 70.339 620 15.03.2012
ProSieben Conrad Albert AB S 812.700 42.000 02.03.2012
ProSieben Thomas Ebeling AB-Chef S 7.483.991 385.203 02.03- 16.03.2012
ProSieben Axel Salzmann SB S 1.161.000 60.000 02.03.2012
ProSieben Dr. Christian Wegner AB S 812.700 42.000 02.03.2012
QSC Jürgen Hermann AB Exercise of option 54.776 25.000 21.03.2012
SGL CARBON Theodore H. Breyer AB S 15.750 5.000 23.03.2012

 

 


 

VIPsight Shareholders

in March

Shares held by capital investment companies:


*Changes from previous month, percent


VIPsight Shareholder ID <click here>

 

 


 

 

Newsletter Capital

 

Company ISIN gez. Kap. not. Kap. Datum Eintrag
adidas AG -reg- DE000A1EWWW0 209.216.186,00
31.12.2011
Allianz SE -reg- DE0008404005 455.300.000,00
31.12.2011
BASF SE -reg- DE000BASF111 918.478.694,00
31.12.2011
Bayer AG -reg- DE000BAY0017 826.947.808,00
31.12.2011
Bayerische Motoren Werke AG -com- DE0005190003 601.995.196,00
31.12.2011
Beiersdorf AG -com- DE0005200000 252.000.000,00
31.12.2011
Commerzbank AG -com- DE0008032004 5.594.109.009,00
20.03.2012
Daimler AG -reg- DE0007100000 1.066.383.882,00
30.03.2012
Deutsche Bank AG -reg- DE0005140008 929.499.640,00
31.12.2011
Deutsche Börse AG -reg- DE0005810055 193.000.000,00
17.02.2012
Deutsche Lufthansa AG -reg- DE0008232125 457.937.572,00
31.12.2011
Deutsche Post AG -reg- DE0005552004 1.209.015.874,00
31.12.2011
Deutsche Telekom AG -reg- DE0005557508 4.321.319.206,00
31.12.2011
E.ON AG -reg- DE000ENAG999 2.001.000.000,00
31.12.2011
Fresenius Medical Care AG & Co. KGaA -com- DE0005785802 300.247.424,00
31.03.2012
Fresenius SE & Co. KGaA -com- DE0005785604 163.334.670,00
29.03.2012
HeidelbergCement AG -com- DE0006047004 187.500.000,00
31.12.2011
Henkel AG & Co. KGaA -pfd- DE0006048432 178.162.875,00
31.12.2011
Infineon Technologies AG -reg- DE0006231004 1.086.745.835,00
30.09.2011
K+S AG -reg- DE000KSAG888 191.400.000,00
31.12.2011
Linde AG -com- DE0006483001 171.061.401,00
31.12.2011
MAN SE -com- DE0005937007 140.974.350,00
31.12.2011
Merck KGaA -com- DE0006599905 64.621.125,00
31.12.2011
METRO AG -com- DE0007257503 324.109.563,00
31.12.2011
Münchener Rückversicherungs-Gesellschaft AG -reg- DE0008430026 179.341.212,00
31.12.2011
RWE AG -com- DE0007037129 575.745.499,00
31.12.2011
SAP AG -com- DE0007164600 1.228.339.598,00
29.02.2012
Siemens AG -reg- DE0007236101 914.203.421,00
30.09.2011
Thyssen Krupp AG -com- DE0007500001 514.489.044,00
30.09.2011
Volkswagen AG -pfd- DE0007664039 170.142.778,00
31.12.2011

 

 

 


 

 

Newsletter Shareholder

 

Company Akt.art Ant.akt.(%) Aktionär Akt.art Ant.vgl.(%) Aktionär







adidas AG St 5,04 BlackRock, Inc. St 5,04 BlackRock, Inc.

St 5,03 Thornburg Investment Management Inc. St 5,03 Thornburg Investment Management Inc.

St 5,01 Capital Research and Management Company St 5,01 Capital Research and Management Company

St 2,00 Management St 2,90 Aberdeen Asset Management PLC




St 1,92 Aufsichtsrat




St 1,00 Vorstand







Allianz SE St 5,03 BlackRock, Inc. St 5,03 BlackRock, Inc.

St 0,60 eigene Anteile St 0,62 eigene Anteile







BASF SE St 6,96 BlackRock, Inc. St 5,35 BlackRock, Inc.







Bayer AG St 9,97 Capital Research and Management Company St 9,97 Capital Research and Management Company

St 5,03 BlackRock, Inc. St 5,03 BlackRock, Inc.




St 2,95 Capital World Growth and Income Fund, Inc.




St 2,76 Société Générale S.A.







Bayerische Motoren Werke AG St 17,40 Stefan Quandt GmbH & Co. KG für Automobilwerte St 17,40 Stefan Quandt GmbH & Co. KG für Automobilwerte

St 16,70 Johanna Quandt St 16,70 Johanna Quandt

St 12,60 Susanne Klatten GmbH & Co. KG für Automobilwerte St 12,56 Susanne Klatten GmbH & Co. KG für Automobilwerte

St 3,05 BlackRock, Inc. St 3,05 BlackRock, Inc.







Beiersdorf AG St 50,89 maxingvest ag St 50,47 maxingvest ag

St 9,99 eigene Anteile St 9,99 eigene Anteile




St 2,75 Capital Research and Management Company







Commerzbank AG St 25,00 Bundesrepublik Deutschland St 25,00 Bundesrepublik Deutschland

St 3,07 BlackRock, Inc. St 4,85 Allianz SE

St 2,84 Allianz SE St 3,07 BlackRock, Inc.

St 0,79 eigene Anteile St 1,11 Assicurazioni Generali S.p.A.

St 0,14 SILAG AG St 0,79 eigene Anteile




St 0,78 UBS AG




St 0,59 Credit Suisse AG




St 0,46 Citigroup Inc.




St 0,32 JPMorgan Chase & Co.




St 0,14 SILAG AG




St 0,10 HSBC Holdings plc




St 0,04 Goldman Sachs Group, Inc.




St 0,01 ING Groep N.V.







Daimler AG St 6,90 Kuwait Investment Authority St 6,90 Kuwait Investment Authority

St 5,72 BlackRock, Inc. St 5,72 BlackRock, Inc.

St 3,10 Capital Research and Management Company St 3,10 Capital Research and Management Company

St 3,10 Renault S. A. St 3,10 Renault S. A.

St 3,07 International Petroleum Investment Company (IPIC) St 3,07 International Petroleum Investment Company (IPIC)

St 1,13 DekaBank Deutsche Girozentrale



St 0,10 The Goldman Sachs Group, Inc.



St 0,07 Deutsche Bank AG









Deutsche Bank AG St 5,14 BlackRock, Inc. St 5,14 BlackRock, Inc.

St 3,86 Credit Suisse Group AG St 3,86 Credit Suisse Group AG

St 2,99 Capital Research and Management Company St 2,99 Capital Research and Management Company

St 2,60 eigene Anteile St 2,73 eigene Anteile

St 0,06 Dr. Josef Ackermann St 0,06 Dr. Josef Ackermann

St 0,06 Anshuman Jain St 0,05 Anshuman Jain

St 0,02 Jürgen Fitschen St 0,02 Jürgen Fitschen

St 0,01 Rainer Neske St 0,01 Rainer Neske

St 0,01 Dr. Clemens A.H. Börsig St 0,01 Dr. Clemens A.H. Börsig

St 0,01 Dr. Hugo Bänziger St 0,01 Dr. Hugo Bänziger

St 0,01 Hermann-Josef Lamberti St 0,01 Hermann-Josef Lamberti







Deutsche Börse AG St 5,64 BlackRock, Inc. St 5,01 BlackRock, Inc.

St 4,94 eigene Anteile St 4,94 eigene Anteile

St 3,09 Capital Research and Management Company St 3,09 Capital Research and Management Company

St 2,96 Franklin Mutual Advisers, LLC St 2,96 Franklin Mutual Advisers, LLC

St 2,92 Sun Life Financial Inc. St 2,92 Sun Life Financial Inc.







Deutsche Lufthansa AG St 5,00 Templeton Global Advisors Limited St 5,08 BlackRock, Inc.

St 4,97 BlackRock, Inc. St 5,00 Templeton Global Advisors Limited

St 2,80 AXA S.A. St 2,80 AXA S.A.







Deutsche Post AG St 30,50 KfW - Kreditanstalt für Wiederaufbau St 30,50 KfW - Kreditanstalt für Wiederaufbau

St 3,18 BlackRock, Inc. St 3,18 BlackRock, Inc.







Deutsche Telekom AG St 17,00 KfW - Kreditanstalt für Wiederaufbau St 17,00 KfW - Kreditanstalt für Wiederaufbau

St 15,00 Bundesanstalt für Post und Deutsche Telekom St 15,00 Bundesanstalt für Post und Deutsche Telekom

St 4,44 The Blackstone Group L.P. St 4,44 The Blackstone Group L.P.

St 3,34 BlackRock, Inc. St 3,34 BlackRock, Inc.

St 0,54 Deutsche Bank AG









E.ON AG St 5,91 Staat Norwegen St 5,91 Staat Norwegen

St 5,01 BlackRock, Inc. St 5,01 BlackRock, Inc.

St 4,78 eigene Anteile St 4,78 eigene Anteile







Fresenius Medical Care AG & Co. KGaA St 31,30 Fresenius SE & Co. KGaA St 30,33 Fresenius SE & Co. KGaA

St 5,00 BlackRock, Inc. St 5,00 BlackRock, Inc.

St 3,76 Thornburg Investment Management Inc. St 3,76 Thornburg Investment Management Inc.

Vz 100,00 Streubesitz (= 100% der Vorzugsaktien) Vz 100,00 Streubesitz (= 100% der Vorzugsaktien)







Fresenius SE & Co. KGaA St 28,71 Else Kröner-Fresenius-Stiftung St 28,85 Else Kröner-Fresenius-Stiftung

St 5,04 BlackRock, Inc. St 5,04 BlackRock, Inc.

St 4,26 Allianz SE St 4,26 Allianz SE




St 1,77 Skandinaviska Enskilda Banken AB







HeidelbergCement AG St 25,11 Ludwig Merckle St 25,89 Ludwig Merckle

St 5,12 Arnhold and S. Bleichroeder Holdings, Inc. St 5,12 Arnhold and S. Bleichroeder Holdings, Inc.

St 5,03 BlackRock, Inc. St 5,03 BlackRock, Inc.

St 2,95 Artisan Partners Limited Partnership St 2,95 Artisan Partners Limited Partnership




St 0,02 Pommersche Provinzial-Zuckersiederei AG







Henkel AG & Co. KGaA St 53,17 Familie Henkel St 53,12 Familie Henkel

Vz 2,13 eigene Anteile Vz 2,26 eigene Anteile







Infineon Technologies AG St 9,82 Dodge & Cox St 9,82 Dodge & Cox

St 5,08 BlackRock, Inc. St 5,08 BlackRock, Inc.

St 5,06 Capital Research and Management Company St 5,06 Capital Research and Management Company

St 3,06 EuroPacific Growth Fund, Inc. St 3,06 EuroPacific Growth Fund, Inc.

St 3,01 Odey Asset Management LLP St 3,01 Odey Asset Management LLP







K+S AG St 9,88 Meritus Trust Company Limited St 9,88 Meritus Trust Company Limited

St 5,46 BlackRock, Inc. St 5,46 BlackRock, Inc.

St 3,00 Prudential plc St 3,00 Prudential plc

St 2,99 Capital Research and Management Company St 2,99 Capital Research and Management Company




St 2,54 Credit Suisse Group AG







Linde AG St 5,13 Sun Life Financial Inc. St 5,13 Sun Life Financial Inc.

St 5,02 BlackRock, Inc. St 5,02 BlackRock, Inc.

St 4,94 Capital Research and Management Company St 4,94 Capital Research and Management Company




St 2,97 Allianz SE







MAN SE St 55,90 Volkswagen AG St 55,90 Volkswagen AG

St 4,15 BlackRock, Inc. St 4,15 BlackRock, Inc.







Merck KGaA St 9,56 Sun Life Financial Inc. St 9,56 Sun Life Financial Inc.

St 5,13 Templeton Investment Counsel, LLC St 5,13 Templeton Investment Counsel, LLC

St 5,06 BlackRock, Inc. St 5,06 BlackRock, Inc.

St 5,06 Templeton Global Advisors Limited St 5,06 Templeton Global Advisors Limited

St 4,48 Deutsche Bank AG St 4,48 Deutsche Bank AG

St 2,99 Capital Research and Management Company St 4,48 FIL Limited

St 0,96 Barclays plc St 2,99 Capital Research and Management Company




St 2,88 Credit Suisse Group AG




St 0,96 Barclays plc







METRO AG St 50,01 Stimmrechtsbündelung Haniel/Schmidt-Ruthenbeck St 50,01 Stimmrechtsbündelung Haniel/Schmidt-Ruthenbeck

St 9,97 Gesellschafterstamm Beisheim St 9,97 Gesellschafterstamm Beisheim







Münchener Rückversicherungs-Gesellschaft AG St 10,24 Warren E. Buffett St 10,24 Warren E. Buffett

St 6,15 BlackRock, Inc. St 6,15 BlackRock, Inc.

St 3,04 People's Bank of China / State Administration of Foreign Exchange (SAFE) St 3,04 People's Bank of China / State Administration of Foreign Exchange (SAFE)

St 1,00 eigene Anteile St 0,79 eigene Anteile







RWE AG St 16,09 RW Energie-Beteiligungsgesellschaft mbH & Co. KG St 16,09 RW Energie-Beteiligungsgesellschaft mbH & Co. KG

St 13,00 Privataktionäre St 14,00 Privataktionäre

St 5,01 BlackRock, Inc. St 5,01 BlackRock, Inc.

St 3,01 Mondrian Investment Partners Limited St 3,01 Mondrian Investment Partners Limited

St 0,08 Belegschaftsaktionäre St 2,93 Société Générale S.A.

St 0,05 eigene Anteile St 1,00 Belegschaftsaktionäre




St 0,05 eigene Anteile







SAP AG St 9,90 Prof. Hasso Plattner St 9,96 Prof. Hasso Plattner

St 9,20 Dr. Dietmar Hopp St 9,20 Dr. Dietmar Hopp

St 9,00 Dr. Klaus Tschira St 9,00 Dr. Klaus Tschira

St 5,02 BlackRock, Inc. St 5,02 BlackRock, Inc.

St 3,73 Deutsche Bank Trust Company Americas St 3,73 Deutsche Bank Trust Company Americas

St 3,08 eigene Anteile St 3,19 eigene Anteile







Siemens AG St 6,00 Siemens (Familie) St 6,00 Siemens (Familie)

St 5,01 BlackRock, Inc. St 5,01 BlackRock, Inc.

St 4,37 eigene Anteile St 4,37 eigene Anteile

St 2,39 DIC Company Limited St 0,83 UBS AG

St 0,83 UBS AG St 0,01 Aufsichtsrat

St 0,01 Aufsichtsrat St 0,01 Vorstand

St 0,01 Vorstand









ThyssenKrupp AG St 25,33 Alfried Krupp von Bohlen und Halbach-Stiftung St 25,33 Alfried Krupp von Bohlen und Halbach-Stiftung

St 5,06 BlackRock, Inc. St 5,06 BlackRock, Inc.

St 3,06 Franklin Mutual Advisers, LLC St 3,06 Franklin Mutual Advisers, LLC

St 2,50 Norges Bank (norwegische Zentralbank) St 2,50 Norges Bank (norwegische Zentralbank)







Volkswagen AG St 50,73 Porsche Automobil Holding SE St 53,13 Porsche GmbH

St 20,00 Land Niedersachsen St 20,00 Land Niedersachsen

St 17,00 State of Qatar St 17,00 State of Qatar

St 2,37 Porsche GmbH


 

 


 

 

Newsletter Management

 

Newsletter Management <click here>