Fiscal year 2018
As in previous years, the company performed half-yearly analyses of its shareholder structure in 2018 too. The last analysis – from the third quarter of 2018 – identified 92 percent of the company’s shareholders and indicates that institutional investors held at least 80 percent of all GEA shares. The number of GEA shares outstanding at the end of the year was 180,492,172.
The German stock exchange does not count two investors towards free float: Kuwait Investment Office and Oliver Capital (principal shareholder of Groupe Bruxelles Lambert). According to the most recent voting rights announcements submitted to us, Kuwait Investment Office held 17,129,370 voting rights (through shares and instruments) as of November 26, 2015, which corresponded to some 9.5 percent as of December 31, 2018. As of December 3, 2018, Oliver Capital held a total of 15,357,460 voting rights (through shares only), which corresponded to some 8.5 percent as of December 2018. The German stock exchange therefore presumed that approximately 82 percent of GEA shares were in free float as of the reporting date.