Munich. As of today, all non-voting preferred shares
of BMW AG will be converted into voting ordinary shares at a ratio of
1:1. The amendment to the Articles of Association, approved by a large
majority at the Annual General Meeting on May 13, 2026, to convert
nearly 55 million preferred shares into voting ordinary shares, has
become effective upon its entry in the commercial register today.
The custodial and stock exchange conversion of the former preferred
shares will take place automatically, without any action required by
shareholders, between July 1 and July 3, 2026. Trading and listing of
preferred shares (ISIN DE0005190037 / WKN 519003) will cease at the
end of June 30, 2026. Holders of the former 54,675,505 preferred
shares will thus automatically become holders of ordinary shares (ISIN
DE000519003 / WKN 519000), which are entitled to dividends as of
January 1, 2026.
The share capital of BMW AG, amounting to approximately €616 million,
will then consist exclusively of ordinary shares, compared to the
previous structure of 91% ordinary shares and 9% preferred shares. The
unification into a single class of voting shares reflects the
internationally recognized corporate governance principle of “one
share, one vote”. In addition, the conversion increases the free float
of BMW AG ordinary shares by approximately 19%.
This month marks the 100th anniversary of BMW on the stock exchange:
in June 1926, Bayerische Motorenwerke Aktiengesellschaft was first
listed on the Munich and Berlin stock exchanges. The shares had a
nominal value of 1,000 Reichsmarks.
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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