Munich. BMW AG is simplifying its capital structure:
its share capital of approximately €616 million will in future consist
solely of ordinary shares. At today’s Annual General Meeting of BMW AG
and a subsequently held separate meeting of preferred shareholders,
the conversion of preferred shares into ordinary shares was approved
by a clear majority. Approval at the Annual General Meeting amounted
to 99,99%, while the separate meeting of preferred shareholders
approved the resolution with 99,77%. The conversion will be brought
into effect by way of an amendment to the Articles of Association,
with no additional payment obligation for preferred shareholders. The
conversion will become effective upon registration of the amendment to
the Articles of Association in the commercial register. The BMW AG
will announce the exact timing by public notice.
Currently, approximately 91% of BMW AG’s share capital consists of
voting ordinary shares, and around 9% of non-voting preferred shares,
which carry a fixed dividend preference of €0.02 per share. The
dividend preference of the preferred shares will be applied for the
last time for the 2025 financial year. From the 2026 financial year
onward, the balance sheet profit available for distribution will be
allocated evenly across all shares. Following the approved conversion
at a ratio of 1:1,each share will in future carry the same voting
right at the Annual General Meeting.
“For the weighting of BMW AG in major stock indices such as the DAX
or the EURO STOXX 50, it is already the ordinary shares that are
decisive as the share class with the highest free‑float market
capitalization. As a result of the conversion, their proportion in
free float will increase significantly by around 19%,” said
Chief Financial Officer Walter Mertl on Wednesday
in Munich. “This step therefore strengthens the weighting of BMW AG in
relevant indices. The simplified capital structure represents a clear
added value for investors and may have a positive impact on the share
price performance of the BMW share.”
A single share structure follows the internationally recognised
corporate governance principle of “one share, one vote”. This
increases the attractiveness of the BMW share, in particular for
international and institutional investors.
If you have any questions, please contact:
BMW Group Corporate Communications
Dr Britta Ullrich, Finance Communications
Telephone: +49 89 382-18364
Email: britta.ullrich@bmwgroup.com
Max-Morten Borgmann, head of Communications BMW Group, Finance, Sales
Telephone: +49 89 382-24118
Email: Max-Morten.Borgmann@bmwgroup.com
Media website: www.press.bmwgroup.com/deutschland
Email: presse@bmwgroup.com
The BMW Group
With its four brands, BMW, MINI, Rolls-Royce and BMW Motorrad, the
BMW Group is the world’s leading premium manufacturer of automobiles
and motorcycles and also provides premium financial services. The BMW
Group production network comprises over 30 production sites worldwide;
the company has a global sales network in more than 140 countries.
In 2025, the BMW Group sold 2.46 million passenger vehicles and more
than 202,500 motorcycles worldwide. The profit before tax in the
financial year 2025 was € 10.2 billion on revenues amounting to €
133,5 billion. As of 31 December 2025, the BMW Group had a workforce
of 154,540 employees.
The economic success of the BMW Group has always been based on
long-term thinking and responsible action. Sustainability is a key
element of the BMW Group’s corporate strategy and covers all products
– from the supply chain through production to the end of their useful life.
www.bmwgroup.com
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