Ownership Structure

The capital stock of Bayer AG, amounting to Euro 2,116,986,388.48, is divided into 826,947,808 no-par registered shares. Bayer has a 100 percent free float as defined by Deutsche Börse, the operator of the Frankfurt Stock Exchange. Under our Articles of Association, each of our ordinary shares represents one vote.

End of 2015, some 300,000 stockholders worldwide were listed in our share register. The majority of these stockholders were private investors, most of them based in Germany. Private investors held approximately 11 percent of the capital stock on that date, with Bayer employees holding approximately 1 percent.

An analysis of our ownership structure carried out in the fourth quarter of 2015 covered almost 93% of issued shares (769,614,314 shares), including those held by 786 institutional investors. The following regional distribution is based on the results of this survey.

Stock ownership by region

Our ownership structure shows the international distribution of our capital stock. The highest proportion of our outstanding shares, almost 28 percent, is held by investors in the United States and Canada, followed by Germany with nearly 21 percent. From a regional perspective, Bayer has a stable ownership structure that has altered only slightly in recent years.

Ownership Structure by Country


Share holdings of the Board of Management and the Supervisory Board

Information filed with the company by members of the Board of Management and Supervisory Board shows that, as of December 31, 2014, their total holdings of Bayer AG stock or related financial instruments were equivalent to less than 1% of the issued stock.

Disclosure of securities transactions by members of the Supervisory Board and Board of Management

Stockholders with > 3 percent of the voting rights

Under the German Securities Trading Act (Wertpapierhandelsgesetz), holders of voting securities of a listed German company must notify that company of the level of their holding whenever it reaches, exceeds or falls below specified thresholds. These thresholds are 3, 5, 10, 15, 20, 25, 30, 50 and 75 percent of the company’s outstanding voting securities.

Voting rights announcements

Last updated: February 25, 2016 Copyright © Bayer AG