Further 8 percent stake transferred to Siemens Pension-Trust e. V.
Transfer strengthens Siemens’ pension assets in Germany
Move reduces Siemens’ investment in Siemens Energy AG to 17.1 percent from 25.1 percent
Prof. Dr. Ralf P. Thomas to resign from the supervisory board of Siemens Energy AG
Today, on December 18, 2023, Siemens AG is transferring an 8 percent stake in Siemens Energy AG to Siemens Pension-Trust e. V. As a result, Siemens AG’s stake in Siemens Energy AG is declining to 17.1 percent. With this move, Siemens is executing its previously announced plans to further reduce its investment in Siemens Energy. By transferring the shares to Siemens Pension?Trust e.V., Siemens is strengthening its pension assets in Germany.
In addition, Prof. Dr. Ralf P. Thomas, Chief Financial Officer of Siemens AG, has stated that he will resign from his position on the supervisory board of Siemens Energy AG. His resignation will be effective upon the end of Siemens Energy’s annual shareholders’ meeting on February 26, 2024.
Siemens indicated before the spin-off as well as in conjunction with the public listing of Siemens Energy – and has since consistently stated – that it would further reduce its investment in Siemens Energy depending on the conditions. Most recently, on June 28, 2023, Siemens transferred a 6.8 percent stake to Siemens Pension-Trust e.V.
Siemens Pension-Trust e.V. manages Siemens’ pension assets independently within the framework of an investment guideline.
As part of the publication of its first-quarter results, Siemens will provide further information on February 8, 2024.