Shareholder Structure

Shareholder Structure of RATIONAL AG:

non Free Float 70,9%
Free Float* 29,1%

*Definition of Free Float by the German Stock Exchange

With effect from the chaining date in June 2002, Deutsche Börse switched over to calculating its indices on the basis of free-float weighting. At the same time, the different classes of shares were separated in all indices, with the consequence that only the respective larger or more liquid class can now be included in a selection index. For the determination of the free-float portion, used to weight a company's class of shares in the respective index, the following definition applies accordingly:

1. All shareholdings of an owner which, on an accumulated basis, account for at least 5 percent of a company's share capital attributed to a class of shares are considered to be non-free float. Shareholdings of an owner also include shareholdings

  • held by the family of the owner,
  • for which a pooling has been arranged in which the owner has an interest,
  • managed or kept in safe custody by a third party for account of the owner,
  • belonging to a company which the owner controls as defined by section 22 (3) of the German Securities Trading Act (WpHG).

2. The definition of 'non-free float' - irrespective of the size of a shareholding - covers any shareholding of an owner that is subject to a statutory or contractual qualifying period of at least six months with regard to its disposal by the owner. This does only apply during the qualifying period. Shareholdings as defined by sentence no. 1 above are counted as shareholdings for the calculation according to No. 1.

3. Irrespective of the size of a shareholding, the definition of free float includes all shareholdings held by

  • asset managers and trust companies,
  • investment funds and pension funds,
  • holding companies; as well as,
  • capital investment companies or foreign investment companies in their respective special fund assets (Sondervermögen) with the purpose of pursuing short-term investment strategies.

This does not apply to shareholdings managed or held in safe custody according to No. 1, or to venture capital companies, or other assets serving similar purposes. The shareholdings as defined by sentence no. 1 above are not counted as shareholdings for the calculation according to No. 1. The various criteria laid down in Nos. 1 to 3 are also fully applied to classes of shares that are subject to restrictions of ownership.

Source: Guide to the Equity Indices of Deutsche Börse