Mercedes 2009 Annual Report Download - page 59

Overview of the Group |Daimler Shares |55
Daimler’s share price climbed by 39% over the year as a whole.
This was significantly better than the development of the DAX
and the Dow Jones STOXX Auto Index, which rose in 2009 by 24%
and 18% respectively.
At the end of 2009, Daimler’s share price closed at €37.23 in
Xetra trading in Frankfurt and at US $53.30 in New York. This was
equivalent to a market capitalization of €38.1 billion or US $54.6
billion.
In the first few weeks of the year 2010, stock markets and the
euro came under considerable pressure due to increasing concerns
about the high levels of debt of certain European countries.
No dividend distribution. In view of the Group’s net loss of €2.6
billion, the Board of Management and the Supervisory Board have
decided to pay no dividend for the year 2009. This is solely due
to last year’s business development and earnings situation and is
not related to our expectations for the year 2010. In the coming
years, we want our shareholders to participate in appropriate form
in Daimler’s profits once again.
Broad shareholder base with Aabar as a new major share-
holder. Daimler continues to have a broad shareholder base of
approximately 1.2 million shareholders. In March 2009, an indirect
subsidiary of Aabar Investments PJSC (Aabar), Abu Dhabi, pur-
chased 96.4 million newly issued shares in the context of a capital
increase, and thus acquired a 9.1% equity interest in Daimler.
Aabar and its parent company, International Petroleum Investment
Company (IPIC), are investors with a long-term orientation and
pursue a strategy of acquiring interests in companies with leading
positions
in their market segments. In addition to providing an
inflow of
new equity capital of €1.95 billion, Aabar’s entry will
help us to
strengthen our activities in the Middle East within the
framework
of a strategic cooperation. The Kuwait Investment
Authority con
tinues to be a stable Daimler shareholder with an
equity interest
of 6.9%.
BlackRock Inc., New York, has notified us that it holds 3.9% of
Daimler’s shares as of December 1. Capital Research and Manage-
ment Company, Los Angeles, reduced its Daimler shareholding
to below the statutory disclosure threshold of 3% in November.
In total, institutional investors held 63% of our shares and retail
investors held 21% on the balance sheet date. Approximately 67%
of our equity was in the hands of European investors and approx-
imately 17% was held by US investors.
05
00
10
15
20
25
30
35
40
12/0911/0910/099/098/097/096/095/094/093/092/091/09
Daimler share price (high/low), 2009
in €
Dow Jones STOXX Auto Index
DAX
Daimler AG
130
120
110
100
90
80
70
60
140
Share price index, 2009
12/31/08 2/27/09 4/30/09 6/30/09 8/31/09 10/30/09 12/31/09