Please wait…


Stock corporation

An incorporated firm whose capital stock is divided into shares. Stock corporations are legal entities; in Germany, they are regulated by the provisions of the German Stock Corporation Act. A person who invests in a stock corporation is called a shareholder or stockholder.

Founding a stock corporation requires a minimum capital stock of 50,000 euro. The capital stock is divided into equal shares with identical par values; the minimum par value is currently one euro. Owing to the launch of the euro, many stock corporations now issue no-par shares to avoid the complications involved in converting deutschmarks to euros. Instead of being assigned a par value (and thus a monetary value), these shares represent the percentage of the capital stock accounted for by a single share. A shareholder owns part of a company's capital stock, and is only liable for the amount of the investment. A shareholder cannot be made personally liable. In Germany, a stock corporation is required by law to have three administrative bodies: · The executive board manages the stock corporation, representing it both in and out of court. · The most important tasks of the supervisory board are to appoint and dismiss members of the executive board, audit the financial accounts and management report, and, at the annual general meeting, to inform stockholders of developments that took place within the company during the financial year. · The annual general meeting comprises the company's shareholders. It elects a shareholders' representative to sit on the supervisory board, makes decisions regarding the application of profit and the payment of dividends, and grants discharge to the executive and supervisory board. Large firms are typically organized as stock corporations because this enables them to raise large amounts of equity capital, primarily by going public. Another way to procure additional funding is through a capital increase, which can take one of several forms. A company that issues a large number of small shares with low par values will often have a large number of shareholders.

Our Glossary explains the most important terms to exchange business and should leave no questions unanswered. If you still miss a term, please send us an email and we will add the term soon.

The following Disclaimer and Information has been prepared by Voltabox AG (the “Issuer”) for the purpose of publishing THE securities prospectus by the issuer. Deutsche Boerse AG does not assume any responsibility for the content of the issuer`s Disclaimer and information.


Important Information


The information contained on the following web pages is directed only at persons who are resident of or domiciled in the Federal Republic of Germany (“Germany”) or the Grand Duchy of Luxembourg (“Luxembourg”). The following information does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities. No offer of securities of the Issuer is being, or will be, made to the public outside Germany and Luxembourg. The offer in Germany and Luxembourg is being made solely on the basis of the securities prospectus (including any amendments thereto) which has been approved by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and which has been published on the Issuer’s website. Any investment decision regarding the publicly offered securities of the Issuer should only be made on the basis of the securities prospectus. The securities prospectus is available free of charge from the Issuer (Artegastraße 1, 33129 Delbrück, Germany; Tel.: +49 (0)5250 9930-900; Fax: +49 (0)5250 9762-102) and on the Issuer’s website (

The information contained on the following web pages is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States of America (“United States”), Canada, Australia or Japan. The Issuer’s shares, and the securities offered in the course of the offer, have not been and will not be registered under the US Securities Act of 1933, as amended (“Securities Act”), or with any other securities regulatory authority of any state or other jurisdiction of the United States and may not be offered, sold or delivered within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Issuer does not intend to register the offer or parts thereof in the United States or make an offer to the public in the United States, Canada, Australia or Japan.

The information contained on the following web pages is not for distribution to persons who are located in the United States, Canada, Australia or Japan or any other jurisdiction where the offer of the securities to the public is not taking place. Any violation of these restrictions may constitute a breach of the securities laws of these countries. The copying, forwarding or other transmission of the content of the following web pages is prohibited.

By clicking the "I AGREE" button below, you warrant that (i) you have read and accepted the foregoing information and restrictions in full and (ii) you are a resident of or domiciled in Germany or Luxembourg, and (iii) you agree not to distribute or forward the information contained on the following web pages to any person who is not a resident of or domiciled in Germany or Luxembourg.


We regret that, due to regulatory restrictions, we are unable to provide you with access to the following web pages.