Henkel Family Share-Pooling Agreement

Co. KGaA, even after the addition of expressly granted voting rights under usufruit contracts. There are different securities in service: Syndicate, Shareholder Pool, Pool Agreement, Shareholder Consortium, Shareholder Pact or Shareholder Pact, etc. Henkel, headquartered in Dusseldorf, is one of the family businesses currently listed in the DAX 30. As a traditional company, this poses a particular challenge, which is also the recipe for success: to be both a family business and a publicly traded company. On the one hand, Henkel is indebted to the family that owns the majority of its shares. On the other hand, it also has a responsibility to the private shareholders of institutional investors and private investors who source the company`s stock exchange – and it has been able to meet this challenge for more than 30 years. FRANKFURT, 24.02. (Reuters) – According to the Henkel family, German consumer goods group Henkel has renewed its share pooling contract, which covers about 59% of the voting rights in the company. “Through this cooperation agreement, we are consolidating our excellent cooperation and, for the first time in history, we are pooling the implementation capabilities of the two organisations under a common secretariat,” said Christoph Beier, vice-chairman of the GIZ Steering Committee, at the signing on 14 May in Frankfurt. Michael Hahn and his family directly or indirectly hold a total of 57.22 per cent of the outstanding shares of HAHN-Immobilien-Beteiligungs AG through HAHN-Holding GmbH. Deutsche Telekom Vivendi and Elektrim sign an agreement to resolve all TPC disputes. Volkswagen Aktiengesellschaft intends to strengthen cooperation between the group`s companies in the commercial vehicle sector and to keep all options open, including the conclusion of a profit and profit pool agreement to continue to form a group of integrated commercial vehicles in the future.

The KfW Entwicklungsbank and the Deutsche Gesellschaft for International Zusammenarbeit (GIZ) have signed a cooperation agreement under the Deutsche Klimaschutzinitiative (DKTI). The preferred shares were chosen as an emission vehicle in order to preserve the quality of the family property. At first, the common shares remained entirely with the family. To date, approximately 61% of these shares are held by members of the highly branched Henkel family and are permanently linked in a joint share pooling contract. The IPO was worth it for the company. Since 1985, total sales in the three Laundry divisions – Home Care, Beauty Care and Adhesive Technologies – of which Henkel is now the world leader – have increased from 4.7 billion euros to 18.1 billion euros in the 2015 financial year. The value of preferred shares has increased seventeen-fold and preferred shares are now listed (as of December 31, 2015) among the 18 largest dax shares. Henkel now generates more than 85 per cent of its turnover outside its home country and is one of the most international companies in Germany. In recent years, Dr. Simone Bagel-Trah has brought together more than 120 family shareholders who renewed their family pooling contract in 2014, which increased the holding of the family`s common shares under the agreement to about 61 percent and prohibited family owners from selling the shares.