BMW Group share capital of ~ €616 million will in the future consist solely of ordinary shares. Approval at the Annual General Meeting amounted to 99.99%. The separate meeting of preferred shareholders approved the resolution with 99.77%. The conversion will be brought into effect by way of an amendment to the Articles of Association, with no additional payment obligation for preferred shareholders. The conversion will become effective upon registration of the amendment to the Articles of Association in the commercial register. The BMW AG will announce the exact timing by public notice.

“A single share structure follows the internationally recognized corporate governance principle of “one share, one vote.” This increases the attractiveness of the BMW share, in particular for international and institutional investors,” BMW said.