Bayerische Motoren Werke Aktiengesellschaft: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
February 20, 2018 at 05:45 pm IST
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DGAP Voting Rights Announcement: Bayerische Motoren Werke Aktiengesellschaft
Bayerische Motoren Werke Aktiengesellschaft: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
20.02.2018 / 13:10
Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Notification of Major Holdings
1. Details of issuer
Bayerische Motoren Werke Aktiengesellschaft
Petuelring 130
80788 Munich
Germany
2. Reason for notification
X
Acquisition/disposal of shares with voting rights
Acquisition/disposal of instruments
Change of breakdown of voting rights
Other reason:
3. Details of person subject to the notification obligation
Name:
City and country of registered office:
Mr Stefan Quandt, Date of birth: 09 May 1966
4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.
AQTON SE AQTON GmbH & Co. KG für Automobilwerte (vormals: Johanna Quandt GmbH & Co. KG für Automobilwerte)
5. Date on which threshold was crossed or reached:
15 Feb 2018
6. Total positions
% of voting rights attached to shares (total of 7.a.)
% of voting rights through instruments (total of 7.b.1 + 7.b.2)
total of both in % (7.a. + 7.b.)
total number of voting rights of issuer
Resulting situation
25.83 %
0.00 %
25.83 %
601,995,196
Previous notification
17.64 %
0.00 %
17.64 %
/
7. Notified details of the resulting situation a. Voting rights attached to shares (Sec.s 33, 34 WpHG)
ISIN
absolute
in %
direct (Sec. 33 WpHG)
indirect (Sec. 34 WpHG)
direct (Sec. 33 WpHG)
indirect (Sec. 34 WpHG)
DE0005190003
1,185,618
154,300,215
0.20 %
25.63 %
Total
155,485,833
25.83 %
b.1. Instruments according to Sec. 38 para. 1 No. 1 WpHG
Type of instrument
Expiration or maturity date
Exercise or conversion period
Voting rights absolute
Voting rights in %
%
Total
%
b.2. Instruments according to Sec. 38 para. 1 No. 2 WpHG
Type of instrument
Expiration or maturity date
Exercise or conversion period
Cash or physical settlement
Voting rights absolute
Voting rights in %
%
Total
%
8. Information in relation to the person subject to the notification obligation
Person subject to the notification obligation is not controlled and does itself not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (1.).
X
Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:
Name
% of voting rights (if at least held 3% or more)
% of voting rights through instruments (if at least held 5% or more)
Total of both (if at least held 5% or more)
Stefan Quandt
%
%
%
AQTON SE
17.44 %
%
17.44 %
Johanna Quandt GmbH (künftig: AQTON Verwaltung GmbH)
%
%
%
AQTON GmbH & Co. KG für Automobilwerte (vormals: Johanna Quandt GmbH & Co. KG für Automobilwerte)
8.19 %
%
8.19 %
9. In case of proxy voting according to Sec. 34 para. 3 WpHG
Date of general meeting:
Holding position after general meeting:
% (equals voting rights)
10. Other explanatory remarks:
20.02.2018 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Bayerische Motoren Werke AG (BMW AG) specializes in the design, construction and marketing of luxury cars. Net sales break down by activity as follows:
- vehicle sales (77%): 2,554,183 units sold in 2023, under the following brands: BMW (2,252,793), MINI (295,358) and Rolls-Royce (6,032);
- sale financing services (23.6%);
- motorcycle sales (1.9%): motorcycles with 650-1200 cm3 displacement (209,066 units sold under the BMW brand).
At the end of 2023, the group had 31 production sites worldwide.
Net sales are distributed geographically as follows: Germany (15%), Europe (29.2%), China (16.1%), Asia (10.7%), the United States (21.8%), Americas (4%) and other (3.2%).
Bayerische Motoren Werke Aktiengesellschaft: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution