Voting Rights Notifications
Voting Rights Announcements according to WpHG (German Securities Trading Act)
Pursuant to the German Securities Trading Act (WpHG) investors are required to notify Merck KGaA, Darmstadt, Germany and the German Federal Financial Supervisory Authority (BaFin) if certain thresholds are reached or crossed. In case of an investor with a multi-level structure, each company in the chain of companies controlled by the investor is subject to the obligation to notify reaching, exceeding or falling below the legal thresholds for significant shareholdings pursuant to Sections 33 ff. German Securities Trading Act (WpHG).
If, for instance, an investor acquires 3% of the voting rights in Merck KGaA, Darmstadt, Germany indirectly via a second-tier subsidiary, the parent company, the subsidiary, and the second-tier subsidiary must notify that they have reached the 3%-threshold, although the investor does not hold 9% but only 3%, effectively. This fact is indicated in the notification that must refer to the attribution of voting rights held by subsidiaries (Section 34 para 1 sent. 1 no. 1 and Section 34 para 1 sent. 2, sent. 1 no 2 - 8 German Securities Trading Act (WpHG)). Publication by the issuer is strictly bound to the contents of the notification of the investor. Further, investors are obliged to notify reaching, exceeding or falling below the legal thresholds for significant shareholdings to other (financial) instruments that do not grant an enforceable right to acquire shares, but make such an acquisition possible (see Section 38 German Securities Trading Act (WpHG)).
Our investor base is as diverse and international as our company itself. Since our share is a bearer share only, NASDAQ provides an analysis of our top investors as well as our shareholder structure by type and region.
Annual General MeetingRead More
Annual General Meeting
Every year, our shareholders come together to make important decisions on our company’s business. We provide comprehensive material to help them make well-informed voting decisions.
Directors DealingsRead More
As required by German law, we are transparent about any transactions, above a certain threshold, made by persons discharging managerial responsibilities at Merck KGaA, Darmstadt, Germany.