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Election process

Election process

The Election Committee has determined 2 December 2022 as the election date. The dates of the current election process are based on the exchange regulation. 

Schedule

The table below gives you an overview of the schedule.

Date

Election procedure

16 August 2022 

Election announcement

16 August 2022 – 
30 September 2022

Due request for submission of nominations

24 October 2022 – 
28 October 202

Publication of voter lists

4 November 2022

Final date for raising objections to the voter lists

starting 9 November 202

Mailing of election documents

2 December 2022  

Election date

8 December 2022  

Publication of election result

23 January 2023

Constituent meeting

Postal vote

The election will be conducted by secret postal vote.

The postal voting documents will be sent to eligible companies in due time prior to the election date and must be received by the Election Committee until the day of the election on 2 December 2022. They can either be sent by post or they can be submitted to the office of the Election Committee. Voters must ensure that they submit their ballot papers in time to meet the deadline. Any voting documents received after the above-mentioned deadline cannot be considered.

Voter lists

The following voter groups and subgroups ("groups") will hold the following number of seats on the Exchange Council of the Frankfurt Stock Exchange:

1. credit institutions – including securities trading banks – admitted
to exchange trading

subgroups:

 

a) cooperative credit institutions

1 seat

b) credit institutions under public law        

1 seat

c) other credit institutions including the securities trading banks

6 seats

2. capital investment companies admitted to participation
in exchange trading

1 seat

3. financial services providers and other companies admitted
to participation in exchange trading (including investment firms)

2 seats

4. specialists

2 seats

5. insurance companies whose issued securities are admitted
to trading on the exchange

1 seat

6. other issuers of such securities

2 seats

7. investors1)

2 seats

1) Subject to their approval, the investor representatives will be nominated by the Election Committee and shall be by-elected by the newly elected Exchange Council with a simple majority of votes. This shall occur without undue delay, however not before the first meeting of the Exchange Council.

Franchise and voting right

All companies admitted to exchange trading as well as the companies whose securities are admitted to exchange trading at the beginning of the display of voter lists are eligible to vote. Companies that have lost their admission to trading on the exchange prior to the election day as well as companies whose securities are no longer admitted to trading on the exchange at such time lose their entitlement to vote.