Broad international shareholder base
RWE AG‘s capital stock is divided into 614,745,499 shares, of which 39,000,000 are non-voting preferred shares.
According to estimates, at the end of 2016 approximately 86 % of the RWE shares were held by institutional investors, while the remaining shares were held by employee shareholders (1 %) and other private investors (13 %). Institutional investors in Germany held 27 % of the capital stock (previous year: 28 %), with those in Continental Europe owning 20 % (previous year: 24 %) and investors from North America, the United Kingdom and Ireland holding 35 % (previous year: 32 %). RWEB GmbH, in which many of the shares owned by municipalities are pooled, is still RWE’s single largest shareholder. Its share, however, declined from 15 % to 13 %, as announced by RWEB in October 2016. Our second largest individual shareholder is BlackRock: in November 2016, notification was received from the US asset manager that it held 4 % in RWE. The free float of RWE common shares considered by Deutsche Börse in terms of index weighting was 86 % at year-end.
Shareholder structure of RWE AG (as of end 2016)
*Source: Deutsche Börse - information about the calculation of the free float can be found in the
Shareholders with > 3 percent of the voting rights
Under the German Securities Trading Act (Wertpapierhandelsgesetz), holders of voting rights of a domestic issuer must notify that issuer and simultaneously the German Federal Financial Supervisory Authority (BaFin) of the level of their holding whenever it reaches, exceeds or falls below specified thresholds. These thresholds are 3, 5, 10, 15, 20, 25, 30, 50 and 75 percent of the issuer’s voting rights.