Porsche 2006 Annual Report Download - page 178

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(36) Disclosure pursuant to §160 (1) No. 8 German Stock Corporation Act (AktG)
Ferdinand Porsche Privatstiftung, Salzburg (Austria), and Ferdinand Porsche Holding GmbH, Salzburg
(Austria) each made the following announcement to us in accordance with §21 (1) Sentence 1 Securities
Trading Act (WpHG) on October 27, 2006:
“The share of voting rights of Ferdinand Porsche Privatstitftung, Salzburg (Austria) and of Ferdinand Porsche
Holding GmbH, Salzburg (Austria) in Dr. Ing. h.c. F. Porsche Aktiengesellschaft exceeded the 5 percent,
10 percent, 25 percent, 50 percent and 75 percent thresholds of voting rights on October 20, 2006
and now amounts to 100 percent.
Pursuant to §22 (1) Sentence 1 No. 1 WpHG both parties making the announcement each have a share
in the voting rights of 25.67 percent on account of voting rights from shares which belong to a subsidiary
of the parties making the announcement. Moreover, pursuant to §22 (2) WpHG, both parties making the
announcement each have a voting right share of 74.33 percent on account of voting rights from shares
which belong to third parties with which a subsidiary of the parties making the announcement coordinates
its behavior in relations to Dr. Ing. h.c. F. Porsche Aktiengesellschaft on the basis of an existing syndicate
agreement.”
Familie Porsche Privatstiftung, Salzburg (Austria), and Familie Porsche Holding GmbH, Salzburg
(Austria) each made the following announcement to us in accordance with §21 (1) Sentence 1 WpHG
on November 17, 2006:
“The share of voting rights of Familie Porsche Privatstitftung, Salzburg (Austria) and of Familie Porsche
Holding GmbH, Salzburg (Austria) in Dr. Ing. h.c. F. Porsche Aktiengesellschaft exceeded the 5 percent,
10 percent, 25 percent, 50 percent and 75 percent thresholds of voting rights on November 13, 2006
and now amounts to 100 percent.
Pursuant to §22 (1) Sentence 1 No. 1 WpHG both parties making the announcement each have a share
in the voting rights of 24.44 percent on account of voting rights from shares which belong to a subsidiary
of the parties making the announcement. Moreover, pursuant to §22 (2) WpHG, both parties making the
announcement have a voting right share of 75.56 percent on account of voting rights from shares which
belong to third parties with which a subsidiary of the parties making the announcement coordinates its
behavior in relations to Dr. Ing. h.c. F. Porsche Aktiengesellschaft on the basis of an existing syndicate
agreement.”
(37) Related parties
In accordance with IAS 24, persons or entities which are in control of or controlled by Porsche AG must
be disclosed. Pursuant to a syndicate agreement, the Porsche and Piëch families have direct and indirect
control respectively over Porsche AG.
The disclosure requirements under IAS 24 also extend to persons who have the power to exercise signi-
ficant influence over the company, i.e. who have the power to participate in the financial and operating
policies of the company, but do not control it, including close family members. In the fiscal year 2006/07
this concerns members of the Supervisory Board and the Executive Board of Porsche AG as well as their
close family members.
The volume of trade in the course of ordinary operations in the vehicles and parts business with the
Porsche and Piëch families and their affiliated entities came to 112.2 million Euro (previous year: 79.6 million
Euro), and trade in the design business to 1.1 million Euro (previous year: 1.2 million Euro). In the previous
year, mediation services totaling 10.1 million Euro had also been rendered. The arm’s length principle
was applied without exception.