Ingolstadt/Neckarsulm

Annual General Meeting

Here we provide you with information on the Audi Annual General Meeting 2020. You will also find all the information about past years’ Annual General Meetings.

2020

Volkswagen AG plans to acquire the publicly traded around 0.36 percent of Audi’s shares 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, will be postponed until July or August 2020.

Further informations

Q&As

What is a squeeze-out?

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 shareholder. The majority shareholder must pay adequate cash compensation to the minority shareholders as consideration. As a minority shareholder of AUDI AG, this means that the share(s) will be transferred to Volkswagen AG and that Volkswagen AG will pay an adequate cash compensation as consideration (see below for details of the determination and the amount of the cash compensation).

Why is Volkswagen AG able to conduct a squeeze-out?

Volkswagen AG currently holds around 99.64% of the share capital of AUDI AG. This means it has the shareholding required by law to conduct a squeeze-out. By way of a request for transfer dated February 28, 2020, Volkswagen AG informed AUDI AG that it was demanding the transfer of the remaining shares, corresponding to around 0.36% of the share capital.

What are the next steps following the request for transfer by Volkswagen AG and the ad hoc disclosure by AUDI AG on February 28, 2020?

The squeeze-out follows a formal process that is largely proscribed by the German Stock Corporation Act: To determine the adequate cash compensation payable to the minority shareholders as consideration for their shares, a valuation of AUDI AG is initially conducted. The amount of the adequate cash consideration is examined by a court-appointed expert. Volkswagen AG will determine the cash compensation to be paid on this basis. The Annual General Meeting of AUDI AG will then resolve on the transfer of the shares of the minority shareholders to Volkswagen AG. When the Annual General Meeting has resolved the transfer of the shares of the minority shareholders to Volkswagen AG and this resolution has taken effect, the minority shareholders will receive the defined cash collateral as consideration for their shares.

When will the Annual General Meeting of AUDI AG that resolves on the squeeze-out take place?

The resolution on the squeeze-out will take place as part of the ordinary Annual General Meeting of AUDI AG for 2020. To enable the proper valuation of AUDI AG ahead of the ordinary Annual General Meeting for 2020, the Annual General Meeting of AUDI AG that was originally scheduled for May 14, 2020 will be postponed until a date that is expected to be in July or August 2020. The shareholders will be informed about the new date of the Annual General Meeting in good time via the usual channels.

What is the amount of the cash compensation?

The amount of the cash compensation will be determined by Volkswagen AG on the basis of a valuation of AUDI AG and an examination of the appropriateness of the cash compensation by a court-appointed expert in particular. As this valuation is not yet complete, no information can be provided at present.

When will I receive information on the cash compensation?

Volkswagen AG will inform AUDI AG about the amount of the cash compensation. AUDI AG will publish this information immediately. When the ordinary Annual General Meeting for 2020 is convened, the shareholders will also be provided with a comprehensive report detailing the conditions of the share transfer and the appropriateness of the cash compensation (“transfer report”). In addition, the shareholders will be provided with the examination report of the court-appointed expert on the appropriateness of the cash compensation. All documents will be made available on our Annual General Meeting website from the date on which the notice convening the ordinary Annual General Meeting for 2020 is published.

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

PDF

201.5 KB

05/23/2019 | Presentation by Bram Schot and Alexander Seitz

41 pages, EN

PDF

12.1 MB

Further information

Convening

The convening of the Annual General Meeting was published in the Federal Official Gazette on March 29, 2018.

Explanation of agenda items without resolutions
Documents to be made accessible to the Meeting
Total number of shares and voting rights at the time of convening

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.

Additional notes on the rights of shareholders
Report of the Supervisory Board
Articles of Incorporation and Bylaws of AUDI AG (German only)
Countermotions
Proxy Voting (German only)

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.

Voting results (German only)
Informations about General Data Protection Regulation

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

PDF

8.7 MB

05/09/2018 | Speeches by Prof. Rupert Stadler and Alexander Seitz

15 pages, EN

PDF

181.3 KB

Further information

Convening

The convening of the Annual General Meeting was published in the Federal Official Gazette on March 29, 2018.

 
Modifications to Agenda Item 4
Explanation of agenda items without resolutions
Documents to be made accessible to the Meeting
Total number of shares and voting rights at the time of convening
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.
Additional notes on the rights of shareholders
Report of the Supervisory Board
Articles of Incorporation and Bylaws of AUDI AG (German only)
Proxy Voting (German only)

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 129th Annual General Meeting of AUDI AG. 

Voting results (German only)

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

PDF

229.1 KB

Further information

Convening

The convening of the Annual General Meeting was published in the Federal Official Gazette on April 11, 2017.

 
Explanation of agenda items without resolutions
Documents to be made accessible to the Meeting
Total number of shares and voting rights at the time of convening
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.
Additional notes on the rights of shareholders
Report of the Supervisory Board
Articles of Incorporation and Bylaws of AUDI AG (German only)
Countermotions
Voting results (German only)

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

PDF

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

PDF

133.1 KB

05/12/2016 | Speech by Axel Strotbek, Board Member for Finance and Organization of AUDI AG

7 pages, EN

PDF

116.0 KB

Further information

Convening

The convening of the Annual General Meeting was published in the Federal Official Gazette on April 5, 2016.

 
Explanation of agenda items without resolutions
Documents to be made accessible to the Meeting
Total number of shares and voting rights at the time of convening
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.
Additional notes on the rights of shareholders
Report of the Supervisory Board
Countermotions
Voting results (German only)

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

PDF

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

PDF

126.7 KB

05/22/2015 | Speech by Axel Strotbek, Board Member for Finance and Organization of AUDI AG

5 pages, EN

PDF

559.2 KB

Further information

Convening

The convening of the Annual General Meeting was published in the Federal Official Gazette on April 10, 2015.

 
Explanation of agenda items without resolutions
Documents to be made accessible to the Meeting
Total number of shares and voting rights at the time of convening
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.
Additional notes on the rights of shareholders
Report of the Supervisory Board
Countermotions
Voting results (German only)

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

PDF

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

PDF

231.1 KB

05/22/2014 | Speech by Axel Strotbek, Board Member for Finance and Organization of AUDI AG

8 pages, EN

PDF

220.8 KB

Further information

Convening

The convening of the Annual General Meeting was published in the electronic Federal Official Gazette on April 11, 2014.

 
Explanation of agenda items without resolutions
Documents to be made accessible to the Meeting

AUDI AG

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.

Audi Electronics Venture GmbH

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.

Auto Union GmbH

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.

 
 
Total number of shares and voting rights at the time of convening
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.
Additional notes on the rights of shareholders
Voting results (German only)

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