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…-yearly financial report 1 January – 30 June Investments of Porsche SE Core Investment Stake of ordinary shares: 50.7 % (Represents a stake of subscribed capital: 31.5 %) Further Investment Share of total… … I would like to highlight four central aspects: • First: Porsche SE holds the majority of the ordinary shares of Volkswagen and is a stable anchor shareholder for Europe’s largest automotive group • Second: It… … Porsche SE holds the majority of the recommendations contained in the Code of the ordinary shares in Volkswagen have not been or are not applied, and why. In the Aktiengesellschaft, Wolfsburg… …-yearly financial report 1 January – 30 June Investments of Porsche SE Core Investment Stake of ordinary shares: 52.2 % (Represents a stake of subscribed capital: 30.8 %) Further Investment Share of total… … and 45% of the total target remuneration. If a special bonus is additionally granted, the relative shares of the fixed and variable components in the total target remuneration shift: The share of the fixed… … ("Volkswagen AG" or "VW") as of 1 August 2012. Since then Volkswagen AG has held 100 percent of the shares in Porsche Holding Stuttgart GmbH, Stuttgart, and therefore also indirectly holds 100 percent of the… … Since then, Volkswagen AG has directly held 100 specific trends derived from them. percent of the shares in the Porsche Holding Stuttgart GmbH group (Porsche Holding Stuttgart The automotive value chain… … value added in the past year when we acquired a further 0.2 percent of Volkswagen ordinary shares for a total of 81 million euro at the beginning of 2020, at a considerably lower share price level at… … SE acquired 25% mainly on the European SE provisions, the German plus one share of the ordinary shares of Dr. Ing. h.c. SE Implementation Act (SEAG), the German SE F. Porsche AG, Stuttgart (“Porsche… … particular, it holds the majority of the ordinary such investments are characterized by their high shares inAutomobil Volkswagen Aktiengesellschaft, Wolfsburg Porsche Holding SE (“Porsche SE” or (“Volkswagen…