Shareholder Structure
Status: January 2025
Around 46% of R. STAHL shares are held by shareholders from the founding families Stahl and Zaiser, 36% of which are held by members of the family consortium. More than 14% of the share capital is held by the RAG Foundation through its holding company RSBG SE; about 12% are held by Norman Rentrop. The Baden-Württembergische Versorgungsanstalt für Ärzte, Zahnärzte und Tierärzte (Baden-Württemberg Pension Fund for Doctors, Dentists and Veterinarians) holds approximately 8%.
Overall, shareholders from the founding families and institutional investors with a notifiable share of voting rights of 3% or more held around 80% of the share capital as of reporting date. 98% of R. STAHL's share capital is held by shareholders from Germany.

Since July 1, 2020, notifications of changes in significant voting rights must only be submitted to BaFin and the company in electronic form. Shareholders of R. STAHL who are obliged to notify are requested to use only the following e-mail address for such notifications to the company: votingrights@r-stahl.com.
Voting right notification in accordance with the German Securities Trading Law (WpHG)
Below, you will find an overview of the notifications, in accordance with WpHG, pertaining to voting shares in R. STAHL Aktiengesellschaft.
2024
2019
2018
2017
2016
2015
14.10.2015 | Universal-Investment-Gesellschaft mbH | more than 3% and more than 5% | |
20.08.2015 | RAG-Stiftung | more than 10% | |
20.08.2015 | RAG-Stiftung Beteiligungsgesellschaft mbH | more than 10% | |
17.07.2015 | Sebastian Stahl | (Family member) more than 30% | |
17.04.2015 | Arwed J. Ebert | (Family member) more than 30% | |
20.01.2015 | R. STAHL AG | own shares 0% | |
20.01.2015 | RAG-Stiftung Beteiligungsgesellschaft mbH | more than 5% and 10% reached | |
20.01.2015 | RAG-Stiftung | more than 5% and 10% reached |
2014
22.08.2014 | Norman Rentrop | more than 3% | |
14.07.2014 | Yvonne Stahl | (Family member) 0% | |
16.06.2014 | R. STAHL AG own shares | 10% | |
31.05.2014 | Investmentaktiengesellschaft für langfristige Investoren TGV | more than 3% | |
03.04.2014 | Kilian Stahl | (Family member) 0% | |
30.01.2014 | Highclere International Investors Smaller Companies Fund | less than 3% | |
07.01.2014 | Mellinckrodt 1 SICAV-FIS | less than 3% |
2013
19.04.2013 | Anita Stahl | (Family member) more than 30% | |
04.03.2013 | Mellinckrodt 1 Sicav | less than 5% | |
01.02.2013 | Stefan Müller | (Family member) more than 30% | |
01.02.2013 | Michaela Pertz | (Family member) more than 30% | |
01.02.2013 | Christine Müller-Edwards | (Family member) more than 30% | |
01.02.2013 | Andreas Müller | more than 5% |
2012
21.11.2012 | LBBW Asset Management Investmentgesellschaft mbH | more than 5% | |
21.11.2012 | Baden-Württembergische Versorgungsanstalt | 5% | |
15.08.2012 | Mellinckrodt 1 Sicav | more than 3% and more than 5% | |
15.08.2012 | LRI Invest S.A. | Voting rights announcement | |
03.04.2012 | LRI Invest S.A. | more than 5% | |
08.03.2012 | ETHENEA Independent Investors S.A. | less than 3% | |
02.02.2012 | ETHENEA Independent Investors S.A. | more than 3% | |
27.01.2012 | Anke Linnartz | (Family member) more than 30% | |
02.01.2012 | LRI Invest S.A. | more than 3% |