Shareholder Structure and Trading Volume
A shareholder study conducted in October 2015 showed a further stabilisation of the shareholder structure of HeidelbergCement in comparison with the last study from November 2014. We were particularly pleased that we could increase the proportion of institutional investors from Germany, Switzerland, Sweden, and North America. In contrast, the proportion of investors from the United Kingdom, Ireland, and France declined. The study also showed that the proportion of hedge fund investors fell in 2015.
In October 2015, investors from Germany formed the largest investor group at 34%, followed by investors from North America at 27%, continental Europe excluding Germany at 15%, and the United Kingdom and Ireland at 11%.
Geographical Distribution of Shareholders
As at 30 September 2016, the free float amounted to 74.48%. According to notifications available to us, Ludwig Merckle holds 25.52% of the voting rights in the company via Vemos 2 Holding GmbH i.G., a company under his control.
On average, around 0.7 million HeidelbergCement shares were traded per day in Xetra trading on the Frankfurt Stock Exchange in 2015. In the Equity Indices Ranking published by Deutsche Börse, our share was in place 27 at the end of 2015 for the free float market capitalisation criterion and in place 28 for order book turnover.