Stuttgart, 3 March 2021. The preference shares of Porsche Automobil Holding SE (Porsche SE), Stuttgart, are admitted to the MDAX effective 22 March 2021. This was announced by Deutsche Börse today. “We are delighted about being admitted to the MDAX and expect this to increase the liquidity in our stock, also due to the demand of index-oriented investors and funds”, said Hans Dieter Pötsch, chairman of the board of management of Porsche Automobil Holding SE.
Porsche Automobil Holding SE is a listed holding company with investments in the areas of mobility and industrial technology. Porsche SE sees itself primarily as an anchor shareholder and long-term investor of the Volkswagen Group, in which it holds 53.3 percent of the ordinary shares. Via its investment in Volkswagen AG, Porsche SE has an indirect shareholding in the sports car manufacturer Dr. Ing. h.c. F. Porsche AG (Porsche AG), Stuttgart.
In addition to its core investment in Volkswagen AG, Porsche Automobil Holding SE pursues an active investment management strategy in order to generate sustainable returns. The company has a 100 percent shareholding in PTV Planung Transport Verkehr AG, Karlsruhe, a leading provider of software for traffic planning and transport logistics. Furthermore, the company’s portfolio contains five non-controlling interests in technology companies in the USA and Israel: the companies Markforged and Seurat in the area of 3D printing, Aurora Labs in the area of software analysis, AEVA in the area of laser-based sensor technology as well as INRIX in the area of real-time processing of local data. The technology portfolio of Porsche SE is showing a positive development overall, with AEVA and Markforged recently announcing an IPO in the USA.
The subscribed capital of Porsche Automobil Holding SE in the form of no-par value bearer shares comprises 153,125,000 ordinary shares and 153,125,000 non-voting preference shares. The ordinary shares are not listed and are indirectly held exclusively by members of the Porsche and Piëch family. On 3 March 2021 (closing price, XETRA), the preference shares recorded a market capitalization of 11.2 billion euro. The ISIN of the preference share is DE000PAH0038 and it is listed on all German stock exchanges.
In 2020, Porsche Automobil Holding SE distributed a dividend of 2.21 euro per preference share, which corresponds to a dividend yield of 3.03 percent per preference share (based on the closing price from 3 March 2021, XETRA).
The three-member board of management comprises Hans Dieter Pötsch (chairman of the board of management and CFO), Dr. Manfred Döss (legal affairs and compliance) as well as Lutz Meschke (investment management).