Porsche Automobil Holding SE (“Porsche SE”) is a European Company (Societas Europaea) and is headquartered at Porscheplatz 1 in 70435 Stuttgart, Germany.
Porsche SE is a holding company with investments in the areas of mobility and industrial technology. In particular, it holds the majority of the ordinary shares in Volkswagen AG, one of the leading automobile manufacturers in the world. As the parent company of the Volkswagen Group, Volkswagen AG directly and indirectly holds investments in AUDI AG, SEAT S.A., ŠKODA AUTO a.s., Dr. Ing. h.c. F. Porsche AG (“Porsche AG”), TRATON SE (“TRATON”), Volkswagen Financial Services AG, Volkswagen Bank GmbH as well as in numerous other companies in Germany and abroad. In addition to the investment in Volkswagen, the Porsche SE Group holds 25 percent plus one share of the ordinary shares in Porsche AG. In addition to these two core investments, the Porsche SE Group holds non-controlling interests in more than ten technology companies based in North America, Europe and Israel.
The investment strategy of Porsche SE aims to create sustainable value for its shareholders. This is based on the increase in value of assets under management as well as dividend distributions. The investments of Porsche SE fall into two categories. The first category includes the long-term core investment in Volkswagen AG and Porsche AG. The second category comprises portfolio investments that Porsche SE generally holds for a temporary period of time. Typically, such investments are characterized by their high potential for growth and for increasing value during the holding period. The sector focus in both investment categories is on mobility and industrial technology.
Porsche Automobil Holding SE
The Porsche's Extraordinary General Meeting on June 26, 2007 was the starting point for the Porsche Automobil Holding SE. Shareholders of the Dr. Ing. h.c. F. Porsche AG voted unanimously in favor of the operating activities of Porsche AG becoming the responsibility of a hundredpercent subsidiary in accordance with the provisions of the Transformation Act, of adopting a controlling and profit transfer agreement between the holding company and the operating subsidiary, and also of transforming the holding company into a European Company, a so-called Societas Europaea (SE). The name 'Porsche Automobil Holding' was also unanimously approved. The company's headquarters is in Stuttgart.
The decision to transform the company into an SE follows on from the fact that this is a modern form of company with an international focus, which will provide the prerequisites for the ongoing development of the Porsche SE Group.
The SE was inscribed in the trade register on November 13, 2007. This required a draft final balance report from Dr. Ing. h.c. F. Porsche AG for July 31, 2007, which was finalized by the Supervisory Board the day before the registration. From a legal point of view, Porsche Automobil Holding SE and the former Dr. Ing. h.c. F. Porsche AG are one and the same legal entity. This means the change in corporate form to become an SE entailed no transfer of assets and liabilities. Nevertheless, the company received a new registration number with the Stuttgart District Court when it became a SE. All shareholders of the former Dr. Ing. h.c. F. Porsche AG became shareholders in Porsche Automobil Holding SE after the change in corporate form.
On 25 January 2008 the ordinary shareholders' meeting of Porsche SE approved to conduct a stock split at a ratio of 1:10. The company's stock exchange listing was reorganized on 3 March 2008. For each previous share certificate ten share certificates were registered.
The documents of the Extraordinary General Meeting of the shareholders of the Dr. Ing. h.c. F. Porsche AG on June 26, 2007 in Stuttgart are only available in German. You can download the agenda and shareholder information of the transformation to the Porsche Automobil Holding SE here. Below please find the english language announcement on Change of Name, Change of Corporate Form and Change to Stock Exchange Quotation.
