Annual Report 2010 - Frauenthal Holding AG

28 Annual Report 2010
Corporate Governance
inveStor relationS
Frauenthal Holding AG’s investor relations activities focus
on providing investors and analysts with consistent and
comprehensive information. These activities were further
expanded with our switch to the prime market. In 2003,
when still listed on the standard auction market, Frauenthal
became one of the first companies to commit to the Austrian
Code of Corporate Governance and the principles of
transparency and non-discriminatory treatment of shareholders
that it enshrines.
In 2010 our website was further extended and modernised
to provide a user-friendly platform giving quick and easy
access to information. The site now contains even more
information on our Divisions and their products and strategies.
People with the drive to get things done who want
to join our team can search the Jobs / Career section for
current openings and can apply directly to the human resources
manager. The start page always features the latest
information on the Group. Detailed information on the
share, current financial reports, documentation for annual
general meetings, press releases and stock exchange announcements
can be found under Investor Relations. The
online content also includes an interactive chart on the
Frauenthal share, a fact sheet and an online version of the
Annual Report. We also offer a free e-mail service to keep
investors, analysts and interested persons updated on all
new developments on a regular basis.
Minor ChangeS to Shareholding StruCture
Frauenthal shares have been traded on the Vienna Stock
Exchange since 10 June 1991. On 23 July 2007 we switched
to the prime market in order to raise the Company’s profile
and attract increased investor interest. By then Frauenthal
had already met the strict publicity and transparency requirements
for admission to continuous trading for some time.
Frauenthal Holding AG has a share capital of EUR 9,434,990,
divided into 7,534,990 no par bearer shares and 1,900,000
unlisted registered shares. Every share corresponds to an
equal portion of the Company’s share capital.
Due to formal requirements arising from promotion to the
prime market in 2007, the 1,900,000 unlisted bearer shares
owned by FT Holding were converted into registered shares,
which remain unlisted.
FT-Holding GmbH 6,878,050
incl. 1,900,000 unlisted registered shares
Treasury Shares 282,456
Float
2,274,484
24.11 %
2.99 %
72.90 %
FT-Holding GmbH, Chemnitz continues to hold a 72.9 %
interest in Frauenthal Holding AG. Hannes Winkler and Ernst
Lemberger each own 50 % of FT-Holding GmbH.
In 2010 Frauenthal Holding AG’s shareholder structure underwent
minor changes as a result of the purchase of treasury
shares through a share repurchase program. On 16 June
2010 the Executive Board resolved to exercise the power
conferred by the 21st Annual General Meeting to repurchase
shares. A total of up to 10 % of the Company’s share capital
may be repurchased. The repurchase program was launched
on 22 June 2010 and broken off on 3 September. Any resumption
of the share repurchase scheme before 3 December
2010 will be announced in accordance with section 6
Veröffentlichungsverordnung (Publication Order). A total of
21,066 shares had been repurchased by 30 September. The
number of treasury shares rose from 261,390 to 282,456,
representing 2.99 % of the Company’s capital. The free float
amounted to 2,274,484 shares or 24.11 % of the capital.