Deutsche Lufthansa AG: Percentage of foreign shareholders reaches 40 per cent
The share register of Deutsche Lufthansa AG shows a shareholding of 40.69 per cent that is held by non-German shareholders.
In accordance with Section 4 Paragraph 1 German Aviation Compliance Documentation Act (LuftNaSiG), this means that the Company is authorised to buy back its own shares within the meaning of Section 71 Paragraph 1 No. 1 German Stock Corporation Act (AktG).
The Executive Board of Deutsche Lufthansa AG is required under Section 6 Paragraph 2 LuftNaSiG to release the occurrence of circumstances as per Section 15 German Securities Trading Act (WpHG) that authorise the Company to buy back its own shares under Section 4 LuftNaSiG.
Following careful analysis, the Company does not believe that there is any immediate danger of excessive foreign control and has confidence in the self-regulation capacity of the capital market. It currently does not intend to exercise its right to buy back its own shares.