Based on our latest survey, at the end of 2021, an estimated 87% of the total of 676.2 million RWE shares were held by institutional investors and 13% were owned by individuals (including employees). Institutional investors from Germany owned 23% of our capital stock. This investor group accounted for 16% in the rest of Continental Europe, 14% in the United Kingdom / Ireland and 26% in North America. At the end of 2021, RWE AG’s single-largest shareholder was the US asset management company BlackRock, with a stake of 7%.
The free float of our shares considered by Deutsche Börse in terms of index weighting was 100 % when this report went to print. Normally, shares held by investors accounting for at least a cumulative 5 % of the capital stock are not included in the free float. However, a higher threshold of 25 % applies to asset management companies like BlackRock.