Compensatory payment
A control and profit transfer agreement exists between AUDI AG and Volkswagen AG. The agreement regulates the level of remuneration by way of compensatory payment to external shareholders, ensuring that they receive the same amount for the financial year as would be paid by way of dividend on a Volkswagen ordinary share.
The compensatory payment for the 2019 financial year of EUR 4.80/share was resolved at the Volkswagen AG Annual General Meeting.
2020
The 131st Annual General Meeting took place on Friday, July 31, 2020, at 10:00 a.m. Due to the coronavirus pandemic, the event was held as a virtual Annual General Meeting without physical presence.
Speeches by the Board of Management
07/31/2020 | Speeches by Markus Duesmann and by Dr. Arno Antlitz
16 pages, EN
298.0 KB
Important information and documents at a glance
The convening of the Annual General Meeting was published in the Federal Official Gazette on June 24, 2020.
- Audi 2019 Financial Report (PDF | 5.1 MB)
- Audi 2019 Executive Summary (PDF | 2.8 MB)
- Audi 2018 Annual Report (PDF | 7.5 MB)
- Audi 2017 Annual Report (PDF | 39.9 MB)
- Audi 2019 Annual Financial Statements (PDF | 692.0 KB)
- Audi 2018 Annual Financial Statements (PDF | 1.3 MB)
- Audi 2017 Annual Financial Statements (PDF | 4.3 MB)
At the time of convening of the Annual General Meeting, the total number of shares in the Company is 43,000,000. The total number of voting rights is also 43,000,000.
Information on the squeeze-out according to German stock corporation law
Volkswagen AG plans to acquire the approximately 0.36 percent of Audi shares that are publicly traded by way of a squeeze-out according to German stock corporation law. A resolution on the squeeze-out according to German stock corporation law is to be passed by this year’s Annual General Meeting of AUDI AG. In light of this, the Annual General Meeting of AUDI AG, which was originally scheduled for May 14, 2020, has been postponed to July 31, 2020.
- Ad Hoc Announcements | Ingolstadt, 11/16/2020 | Entry of the transfer resolution in the commercial register
- Ad Hoc Announcements | Ingolstadt, 06/16/2020 | Volkswagen AG sets cash settlement for the transfer of the shares of the minority shareholders of AUDI AG at EUR 1,551.53
- Ad Hoc Announcements | Ingolstadt, 02/28/2020 | Volkswagen AG submits request for transfer of the shares of the minority shareholders of AUDI AG (squeeze out under stock corporation law)
- Corporate News | Ingolstadt, 02/28/2020 | Volkswagen AG plans to take over all Audi shares and to place Audi at the head of Volkswagen Group development
Q&As squeeze-out according to German stock corporation law
In a squeeze-out under stock corporation law, all of the shares of a stock corporation are transferred to a significant shareholder (the majority shareholder). This requires that a shareholder holding at least 95% of the share capital of a stock corporation demands the transfer of the shares of the other shareholders (minority shareholders) to the majority shareholders. The majority shareholder must pay adequate cash compensation to the minority shareholders as consideration. For you, as a minority shareholder in AUDI AG, this means that your share(s) will be transferred to Volkswagen AG and, in return, you will receive appropriate cash compensation from Volkswagen AG (see below for the determination and specification of the cash compensation).
Volkswagen AG already held around 99.64% of the share capital of AUDI AG. This meant it had the shareholding required by law to conduct a squeeze-out. By way of a request for transfer dated February 28, 2020, Volkswagen AG had informed AUDI AG that it was demanding the transfer of the remaining shares, corresponding to around 0.36% of the share capital. On July 31, 2020, the Annual General Meeting of AUDI AG had passed the resolution to transfer the shares of the minority shareholders to the majority shareholder Volkswagen AG in return for payment of an appropriate cash settlement.
The squeeze-out was resolved by the Annual General Meeting of AUDI AG on July 31, 2020. This resolution was entered in the Commercial Register of the Local Court of Ingolstadt on November 16, 2020. The squeeze-out has been effective since that date.
With the coming into effect of the squeeze-out on November 16, 2020, all shares of AUDI AG were transferred to Volkswagen AG. Volkswagen AG has therefore been the sole shareholder of AUDI AG since November 16, 2020.
In return for the transfer of the shares, Volkswagen AG will pay the minority shareholders a settlement in the amount of EUR 1,551.53 per no-par bearer share. Minority shareholders whose shares are held in a securities account at a financial institution need take no action to receive the cash settlement. The settlement amount corresponding to the number of shares held will be credited to their securities account and in exchange the shares of AUDI AG will be removed from the account. Minority shareholders who hold their shares in physical form will need to hand in their share certificates at a German branch of UniCredit Bank AG or at another financial institution for forwarding to UniCredit Bank AG in order to receive the cash settlement. Volkswagen AG will announce further details about this process shortly.
2019
The 130th Annual General Meeting of AUDI AG was held at the Audi Forum Ingolstadt on Thursday, May 23, 2019.
Speeches by the Board of Management
05/23/2019 | Speeches by Bram Schot and by Alexander Seitz
14 pages, EN
201.5 KB
05/23/2019 | Presentation by Bram Schot and Alexander Seitz
41 pages, EN
12.1 MB
Further information
The convening of the Annual General Meeting was published in the Federal Official Gazette on March 29, 2018.
At the time of convening of the Annual General Meeting, the total number of shares in the Company is 43,000,000. The total number of voting rights is also 43,000,000.
With the Proxy Voting you have the opportunity to assign a third party as your proxy or to instruct proxies appointed by the company on the your voting intention for the 130th Annual General Meeting of AUDI AG.
Facts & Figures of the Audi Annual General Meeting 2019
At the Annual General Meeting 2019, the Board of Management provided a prospect into the company’s goals and plans to sustainably increase our share. Take a look:
2018
The 129th Annual General Meeting of AUDI AG was held at the Audi Forum Ingolstadt on Wednesday, May 9, 2018.
Speeches by the Board of Management
05/09/2018 | Presentations by Prof. Rupert Stadler and by Alexander Seitz (German only)
52 pages, DE
8.7 MB
05/09/2018 | Speeches by Prof. Rupert Stadler and Alexander Seitz
15 pages, EN
181.3 KB
Further information
The convening of the Annual General Meeting was published in the Federal Official Gazette on March 29, 2018.
2017
The 128th Annual General Meeting of AUDI AG was held on Thursday, May 18, 2017 at the Audi Forum Neckarsulm.
Speeches by the Board of Management
05/18/2017 | Presentations made by Chairman of the Board of Management Prof. Rupert Stadler and by Axel Strotbek, Board Member for Finance, IT and Integrity of AUDI AG.
17 pages, EN
229.1 KB
Further information
The convening of the Annual General Meeting was published in the Federal Official Gazette on April 11, 2017.
- 2016 Annual Report of AUDI AG (PDF | 12.9 MB)
- 2015 Annual Report of AUDI AG (PDF | 24.3 MB)
- 2014 Annual Report of AUDI AG (PDf | 27.9 MB)
- 2016 Annual Financial Statement of AUDI AG (PDF | 1.2 MB)
- 2015 Annual Financial Statement of AUDI AG (PDF | 1.7 MB)
- 2014 Annual Financial Statement of AUDI AG (PDF | 952 KB)
Autonomous Intelligent Driving GmbH
2016
The 127th Annual General Meeting of AUDI AG was held on Thursday, May 12, 2016 at the Audi Forum Ingolstadt.
Speeches by the Board of Management
05/12/2016 | Speech by Prof. Rupert Stadler, Chairman of the Board of Management of AUDI AG, Review 2015
6 pages, EN
117.1 KB
05/12/2016 | Speech by Prof. Rupert Stadler, Chairman of the Board of Management of AUDI AG, Outlook 2016
7 pages, EN
133.1 KB
05/12/2016 | Speech by Axel Strotbek, Board Member for Finance and Organization of AUDI AG
7 pages, EN
116.0 KB
Further information
The convening of the Annual General Meeting was published in the Federal Official Gazette on April 5, 2016.
- 2015 Annual Report of AUDI AG (PDF | 24.3 MB)
- 2014 Annual Report of AUDI AG (PDF | 27.9 MB)
- 2013 Annual Report of AUDI AG (PDF | 19.2 MB)
- 2015 Annual Financial Statement of AUDI AG (PDF | 1.7 MB)
- 2014 Annual Financial Statement of AUDI AG (PDF | 952 KB)
- 2013 Annual Financial Statement of AUDI AG (PDF | 3.3 MB)
2015
The 126th Annual General Meeting of AUDI AG was held on Friday, May 22, 2015 at the Audi Forum Neckarsulm.
Speeches by the Board of Management
05/22/2015 | Speech by Prof. Rupert Stadler, Chairman of the Board of Management of AUDI AG, Review 2014
6 pages, EN
117.8 KB
05/22/2015 | Speech by Prof. Rupert Stadler, Chairman of the Board of Management of AUDI AG, Outlook 2015
7 pages, EN
126.7 KB
05/22/2015 | Speech by Axel Strotbek, Board Member for Finance and Organization of AUDI AG
5 pages, EN
559.2 KB
Further information
The convening of the Annual General Meeting was published in the Federal Official Gazette on April 10, 2015.
- 2014 Annual Report of AUDI AG (PDF | 27.9 MB)
- 2013 Annual Report of AUDI AG (PDF | 19.2 MB)
- 2012 Annual Report of AUDI AG (PDF | 49.8 MB)
- 2014 Annual Financial Statement of AUDI AG (PDF | 952 KB)
- 2013 Annual Financial Report of AUDI AG (PDF | 3.3 MB)
- Annual Financial Statements and Management Report of AUDI AG for 2012 (PDF | 5.1 MB)
2014
The 125th Annual General Meeting of AUDI AG was held on Thursday, May 22, 2014 at the Audi Forum Ingolstadt.
Speeches by the Board of Management
05/22/2014 | Speech by Prof. Rupert Stadler, Chairman of the Board of Management of AUDI AG, Part 1
7 pages, EN
213.8 KB
05/22/2014 | Speech by Prof. Rupert Stadler, Chairman of the Board of Management of AUDI AG, Part 2
9 pages, EN
231.1 KB
05/22/2014 | Speech by Axel Strotbek, Board Member for Finance and Organization of AUDI AG
8 pages, EN
220.8 KB
Further information
The convening of the Annual General Meeting was published in the electronic Federal Official Gazette on April 11, 2014.
AUDI AG
- 2013 Annual Report of AUDI AG (PDF | 19.2 MB)
- 2012 Annual Report of AUDI AG (PDF | 49.8 MB)
- 2011 Annual Report of AUDI AG (PDF | 38.2 MB)
- 2013 Annual Financial Report of AUDI AG (PDF | 3.3 MB)
- Annual Financial Statements and Management Report of AUDI AG for 2012 (PDF | 5.1 MB)
- Jahresabschluss und Lagebericht der AUDI AG 2011 (PDF | 5.2 MB)
Audi Akademie GmbH
By resolution of the Shareholder Meeting pursuant to Section 264, Para. 3 No. 1 of the German Commercial Code, the company is exempt from the duty of disclosure in the fiscal years 2013 and 2012.
- Annual Financial Statements and Management Report of Audi Akademie GmbH for 2011 (German only | PDF | 3.6 MB)
- Previous Profit Transfer Agreement (German only | PDF | 416 KB)
- Amended Control and Profit Transfer Agreement (German only | PDF | 457.3 KB)
- Joint Report (German only | PDF | 2.2 MB)
Audi Electronics Venture GmbH
- Annual Financial Statements and Management Report of Audi Electronics Venture GmbH for 2013 (German only | PDF | 1.5 MB)
- Annual Financial Statements and Management Report of Audi Electronics Venture GmbH for 2012 (German only | PDF | 1.2 MB)
- Annual Financial Statements and Management Report of Audi Electronics Venture GmbH for 2011 (German only | PDF | 1.4 MB)
- Previous Profit Transfer Agreement (German only | PDF | 414 KB)
- Amended Control and Profit Transfer Agreement (German only | PDF | 457.4 KB)
- Joint Report (German only | PDF | 2.1 MB)
Audi Vertriebsbetreuungsgesellschaft mbH
By resolution of the Shareholder Meeting pursuant to Section 264, Para. 3 No. 1 of the German Commercial Code, the company is exempt from the duty of disclosure in the fiscal years 2013, 2012 and 2011.
- Previous Profit Transfer Agreement (German only | PDF | 414.5 KB)
- Amended Control and Profit Transfer Agreement (German only | PDF | 456 KB)
- Joint Report (German only | PDF | 2.1 MB)
Auto Union GmbH
- Annual Financial Statements and Management Report of Auto Union GmbH for 2013 (German only | PDF | 1.5 MB)
- Annual Financial Statements and Management Report of Auto Union GmbH for 2012 (German only | PDF | 1.2 MB)
- Annual Financial Statements and Management Report of Auto Union GmbH for 2011 (German only | PDF | 1.4 MB)
- Previous Profit Transfer Agreement (German only | PDF | 411.2 KB)
- Amended Control and Profit Transfer Agreement (German only | PDF | 462.4 KB)
- Joint Report (German only | PDF | 2.2 MB)
quattro GmbH
By resolution of the Shareholder Meeting pursuant to Section 264, Para. 3 No. 1 of the German Commercial Code, the company is exempt from the duty of disclosure in the fiscal years 2013, 2012 and 2011.
