Ownership Structure
A look at LANXESS’s ownership structure reveals that the majority of its shares are held by value-oriented institutional investors with a long-term investment strategy. However, there was a change in the composition of this stockholdergroup in the first half of 2007. Some institutional investors with stakes dating back to our first listing, including hedge funds geared toward long-term holdings, decided our strong stock performance was as an opportunity to realize gains. The market absorbed these shares thanks to steady demand for our stock. Traditional institutional investors oriented toward value stocks topped the list of parties adding LANXESS to their portfolios. The result was a sizable shift in our institutional ownership structure. Some 85 percent of LANXESS’s 83,202,670 shares are in the hands of institutional investors, both in and outside Germany. There maining shares are held by private investors and LANXESS employees. LANXESS’s free float is 100 percent.
In geographical terms, 45 percent of our stockholders reside in the United States, while the United Kingdom and Germany are each home to some 25 percent of LANXESS investors. In Germany, apart from institutional stockholders, a particularly large number of private individuals have invested in LANXESS stock.
In 2007 additional legal thresholds at which voting rights are reportable (3 percent, 20 percent, and 30 percent) were introduced, complementing the existing thresholds and creating greater transparency with respect to the number of shares investors hold. In December 2007, the U.S.-based traditional pension fund Dodge & Cox informed us that they had exceeded the threshold of 10 percent of the voting rights of LANXESS AG and held 10.25 percent of the voting rights. This marks a substantial increase in the number of shares owned by the long-term-focused fund given that Dodge & Cox had reported holding 5.1 percent of the voting rights in July 2007. The respected British investor Barclays informed us at yearend that it held 5.11 percent of the voting rights of LANXESS AG. In January 2008 Barclays increased its holding to 10.63 percent.
Further information regarding the proportion of voting rights in LANXESS AG are available here
You would like to contact us?
If you have any questions on LANXESS shares please contact us.
IR contact
General E-Mail contact: ir@lanxess.com
