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.
2. What is the breakdown of Hannover Re's shareholder structure?
The majority shareholder of Hannover Re is the also listed Talanx AG. Talanx AG is a 79% owned subsidiary of HDI V.a.G. On 18 February 2004, Talanx AG successfully placed on the market a 20.6% stake in Hannover Re with institutional investors and therefore held 50.2% of the share capital of Hannover Re; the remaining 49.8% is widely spread.
Further information on the shareholder structure is provided in the following section:
3. On which stock exchanges is the Hannover Re share listed?
The Hannover Re share is traded under the security identification number 840 221, ISIN DE 000 840 221 5 on all German stock exchanges (including in Frankfurt and Hannover in official trading) and in Xetra.
Click here for the Xetra share price.
In addition, Hannover Re trades its shares in the USA in the form of American Depositary Receipts (ADR Level 1 Program). For more information please refer to question no. 5.
4. What are the stock exchange IDs of the Hannover Re share?
| Stock exchange IDs of the Hannover Re share | |
|---|---|
| Share (security identification number): | 840 221 |
| ISIN: | DE 000 840 221 5 |
| Reuters: | HNRGn.DE HNRGn.F |
| Bloomberg: | HNR1 GY |
| Investdata: | HNR |
| ADR: | HVRRY |
5. What is and who handles the Hannover Re ADR program in the USA?
Hannover Re was the first German reinsurer to trade its shares in the USA in the form of American Depositary Receipts (ADR). Trading commenced on 1 October 1997 under the symbol "HVRRY", with two ADRs corresponding to one HNR share. ADRs are American depositary receipts for non-US shares; they are issued by US banks and traded in place of the original shares. This provides US investors with an opportunity to acquire non-US shares in the form of USD-denominated securities directly through the "over-the-counter" (OTC) market.
The purpose of the ADR programme is to increase awareness of the share in the USA. In this way, the company was also seeking to expand its shareholder base and generate additional demand.
As of the beginning of 2004 The Bank of New York is acting as the depositary bank handling the ADR (Level 1) dealing through the "over-the-counter" (OTC) market.
6. Is it possible to purchase shares directly from Hannover Re?
It is not possible to deal directly with Hannover Re when buying or selling HNR shares. Please contact your custodian bank in this regard.
7. What is Hannover Re's dividend policy?
As a German corporation, Hannover Re pays its dividend in EUR. The dividend is payable on the next working day following the Annual General Meeting.
Going forward, Hannover Re intends to place even greater emphasis on the continuity of its dividend payments. From the financial year 2021 onwards, the ordinary dividend will at least be on the level of the previous year. This means that a practice already followed at our company over the past ten years has now been enshrined as a policy – one made possible by the resilience of our business model as a globally diversified and robustly capitalized reinsurer. The ordinary dividend will be supplemented by payment of a special dividend provided the capitalisation exceeds the capital required for future growth and the profit target is achieved.
Please find more details in our dividend section.