Share FAQs
1. How many shares are issued and how are they structured?
The share structure of Hannover Re consists – effective 1 July 2003 – of 120,597,134 no-par-value registered shares which are listed under the security identification number 840 221, ISIN DE 000 840 221 5. All shares are fully paid and listed on the stock exchange with unrestricted transferability. Shareholders are not entitled to evidencing of their shares. The complete changeover to registered shares and the harmonisation of all Hannover Re shares under the aforementioned security identification number took place on 16 October 2000. In July 2002 a share split in a ratio of 3-for-1 was implemented.
With our combined capital increase for cash and contribution in kind implemented on 12 June 2003, the number of shares in 2003 developed as follows:
97,163,928 shares up to and including 12 June 2003, 106,880,320 from 12 June 2003 onwards (9,716,392 shares from the capital increase for cash) and 120,597,134 with retroactive effect as at 1 July 2003 (13,716,814 from the capital increase for contribution in kind).
On 18 February 2004, Talanx AG successfully placed on the market a 20.6% stake in Hannover Re with institutional investors. The number of shares amount to 24.8 million and take the free float up to 49.8% therefore reducing the Talanx stake in Hannover Re shares to 50.2%. This has a positive effect on the liquidity of Hannover Re shares.
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