AG has a minimum share capital of €50,000
An AG has a minimum share capital of €50,000 divided into ordinary shares
of equal nominal value of at least €1. Once the share capital has been fully paid
up, each shareholder receives a certificate for each share held, and it is these
share certificates that are traded on the stock exchanges.
Almost invariably, the shares issued are bearer shares. The AG may also issue other shares of different
classes, such as preference shares with no voting rights but with a preferential
dividend entitlement, but there are restrictions on the issue of ordinary shares
with differing voting rights. It is not therefore possible for a minority investor to
control the vote at a general meeting through a “golden share”.