39 Issued capital

39.1 Share capital

KfW Bankengruppe (KfW), see Note 55.1, holds 30.5% of Deutsche Post AG’s share capital. The proportion of free float shares amounts to 69.5%.

39.2 Issued capital and purchase of treasury shares

The issued capital was €1,209 million. It is composed of 1,209,015,874 no-par value registered shares (ordinary shares) with a notional interest in the share capital of €1 per share and is fully paid up.

In the first quarter of 2010, Deutsche Post AG acquired 769,794 shares at a total price of €10 million, including transaction costs, under the authorisation issued on 21 April 2009 to settle entitlements due under the new bonus programme for executives introduced in financial year 2009 (Share Matching Scheme). Consequently, issued capital was reduced by the notional value of the shares purchased. The average purchase price per share was €12.96. The notional value of the treasury shares is deducted from issued capital and the difference between the notional value and the reported value of the treasury shares is deducted from retained earnings. Issued capital increased again, by €769,794, when 769,794 shares were issued to executives in April 2010. Changes in treasury shares are presented in the statement of changes in equity.

39.3 Authorisation to acquire own shares

By way of a resolution adopted by the Annual General Meeting on 28 April 2010, the company is authorised to acquire own shares in the period to 27 April 2015 of up to 10% of the share capital existing when the resolution was adopted. The authorisation permits the Board of Management to exercise it for every purpose permitted by law, and in particular to pursue the goals mentioned in the resolution by the Annual General Meeting. In addition, the Board of Management has been authorised to acquire own shares using derivatives. As at the reporting date in the previous year, Deutsche Post AG did not hold any own shares on 31 December 2010.

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