Porsche 2012 Annual Report Download - page 51

which have been complied with in full, are sufficient
to provide the capital market and Porsche SE’s
shareholders with adequate information.
Publication of the declaration of compliance
Porsche SE has issued the declaration of compli-
ance as required by Sec. 289a German Commercial
Code (HGB). It can be viewed under www.porsche-
se.com/pho/en/investorrelations/declaration/.
Annual general meeting of Porsche SE
Around 4,200 shareholders attended the annual
general meeting of Porsche SE held on 25 June
2012 at the Stuttgart trade fair center. The dividend
approved for fiscal year 2011 amounts to 76 cents
per share to holders of preference shares and
75.4 cents per share for holders of ordinary shares.
At this annual general meeting, it was also
decided to amend Art. 2 of the articles of associa-
tion of Porsche SE – and thus the business purpose
of the company.
The background to the decision to amend the
articles of association is that, following repayment
of the existing bank loans in full, most of the cash
that Porsche SE receives from the creation of the
integrated automotive group with Volkswagen is to
be used for strategic investments along the auto-
motive value chain. The amendment of Porsche
SE’s articles of association will ensure adequate
room to maneuver in the future. The amendment to
the articles of association was entered in the com-
mercial register on 23 July 2012 and is therefore
effective.
Shareholder composition
Since the capital increase in April 2011, Porsche
SE’s subscribed capital has comprised 153,125,000
ordinary shares and 153,125,000 non-voting prefer-
ence shares, each share representing a 1 euro no-
tional value of the subscribed capital. Until the end
of the fiscal year 2008/09, the ordinary shares had
been held indirectly only by members of the
Porsche and Piëch families. Since August 2009,
Qatar Holding LLC, Doha, Qatar, has indirectly held
ten percent of the ordinary shares of Porsche SE.
More than half of the preference shares are held
by institutional investors, primarily in the USA, UK
and Germany. The remaining free float preference
shares are mainly held by private investors in Ger-
many. The holders of ordinary shares of Porsche SE
also own Porsche SE preference shares.
Indices
The major international indices in which the share of
Porsche SE is represented include the EURO
STOXX Index, the MSCI Euro Index and the Dow
Jones Automobile & Parts Titans 30 Index.
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