When was Porsche SE founded?
Porsche’s extraordinary general meeting on 26 June 2007 marked the starting point for Porsche Automobil Holding SE. Shareholders of Dr. Ing. h.c. F. Porsche AG voted unanimously in favor of the operating activities of the company being spun off into a wholly owned subsidiary in accordance with the provisions of the German Transformation Act, of adopting a domination and profit transfer agreement between the holding company and the operating subsidiary, and also of transforming the holding company into a European Company, a Societas Europaea (SE). The name “Porsche Automobil Holding” was also unanimously approved. The company’s registered office is in Stuttgart.
The decision to transform the company into an SE was driven by the fact that this is a modern form of company with an international focus, which provides the prerequisites for the ongoing development of the Porsche Group. The supra-national legal status of an SE not only promotes the creation of an open and international corporate culture, but also offers the opportunity to retain a supervisory board with twelve members, which thus far has proven to be an ideal number.
The SE was entered in the trade register on 13 November 2007. This required submission of a closing balance sheet of Dr. Ing. h.c. F. Porsche AG as of 31 July 2007, which was ratified by the supervisory board the day before 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.
What is the purpose of Porsche SE?
The business purpose of the company comprises the management of companies and the administration of investments in companies active in the following business fields or parts thereof:
The purpose of the company includes in particular the acquisition, holding and administration as well as the sale of investments in such companies, their combination under uniform control and the provision of support and advice to them, including the provision of services on behalf of such companies.
Where is Porsche SE headquartered?
The company’s registered office is in Stuttgart. The address reads as follows:
Porsche Automobil Holding SE
Who belongs to the executive board?
Hans Dieter Pötsch
Chairman of the executive board and Chief Financial Officer of Porsche Automobil Holding SE
Dr. Manfred Döss
Legal affairs and compliance
Member of the executive board of Porsche Automobil Holding SE
Philipp von Hagen
B.Sc. (Economics), M.Phil. (Economics)
Member of the executive board of Porsche Automobil Holding SE
Who belongs to the supervisory board?
Dr. Wolfgang Porsche
Dr. Hans Michel Piëch
Attorney at law
Dr. Günther Horvath
Dr. Stefan Piëch
Dr. Ferdinand Oliver Porsche
Peter Daniell Porsche
Prof. KR Ing. Siegfried Wolf
Member of the supervisory boards of German listed companies and of controlling bodies of foreign companies
As of 23 July 2018
How many people does Porsche SE employ?
As of 31 December 2018, the Porsche SE Group had 935 employees (31 December 2017: 832 employees). The amount is attributable to the inclusion of the PTV Group (PTV AG and its subsidiaries).
Where can I obtain up-to-date information, corporate news and business figures?
Where can I find the financial calendar and the next important financial publications of Porsche SE?
Where can I order the current annual report, half-yearly financial report or group quarterly statement?
On which stock exchanges is the preference share of Porsche SE traded?
The stock exchange of Porsche Automobil Holding SE are all German stock exchanges.
What is the par value of a Porsche SE share?
The shares of Porsche SE are no-par value bearer shares.
How many shares are there currently?
Porsche SE’s subscribed capital in the form of no-par value bearer shares comprises 153,125,000 ordinary shares and 153,125,000 non-voting preference shares, each share arithmetically representing a €1 notional value of the share capital.
When did Porsche SE last have a capital increase?
Porsche SE’s last capital increase was in April 2011. The annual general meeting of Porsche SE on 30 November 2010 had resolved to increase Porsche SE’s share capital by up to €2,500,000,000 by issuing up to 1,250,000,000 new, no-par value bearer shares and up to 1,250,000,000 new, no-par value non-voting preference shares, each representing €1.00 of the capital stock in return for cash contributions with indirect subscription rights.
When did Porsche SE last have a share split?
Porsche SE performed the last share split in 2008 from 1 to 10. This share split involved exchanging one Porsche SE share for ten new Porsche SE shares.
Porsche SE had previously carried out a share split back in 2001 from 1 to 10.
What is Porsche SE’s shareholder structure?
According to the information available, the ordinary shares are indirectly held exclusively by members of the Porsche and Piëch families. More than half of the preference shares are held by institutional investors – mainly outside Germany. Furthermore, preference shares are also held by private investors, most of whom are domiciled in Germany.
Which indices is the Porsche SE preference share represented on?
The most important indices on which the Porsche SE preference shares are represented are:
CDAX, General All Share, Dow Jones Automobile & Parts Titans 30 Index, MSCI Euro Index, STOXX Europe 600 Index, STOXX All Europe 800, EURO STOXX Auto & Parts
Is it possible for collectors to purchase old canceled share certificates of Porsche SE shares?
Unfortunately, at Porsche SE it is not possible to order canceled share certificates.
How can I purchase ordinary shares of Porsche SE?
Ordinary shares in Porsche SE are owned exclusively by family members.
What is the dividend for the fiscal year 2018?
For the fiscal year 2018 a dividend of €2.21 per preference share and €2.204 per ordinary share got proposed. This recommendation will be voted on 27 June 2019 at the annual general meeting.
On what day does a share have to be in my securities account for me to receive a dividend?
The cut-off date is the day of the annual general meeting (evening). For the dividends for the fiscal year 2018, this will be 27 June 2019.
When will the dividend for the fiscal year 2018 be paid out?
The annual general meeting will vote on the dividend for the fiscal year 2018 on 27 June 2019. According to the new legislation the dividend will be distributed directly to the shareholders‘ accounts kept at the custodian banks as of the third business day following the resolution of the annual general meeting, i.e., as of 2 July 2019.
How is the dividend taxed?
The dividend is subject to withholding tax on capital income.
Has Porsche SE declared compliance with the German Corporate German Corporate Governance Code?
What is an SE?
As a European stock corporation, a Societas Europaea (SE) is a legal form for companies in the EU.