RATIONAL Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top 25 shareholders own 62.79% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
31.5%	Estate Of Siegfried Meister	3,581,578	€2.9b	0%	no data
15.9%	Ulrike Meister	1,803,464	€1.4b	0%	no data
2.7%	Baillie Gifford & Co.	307,022	€246.8m	0%	0.11%
2.56%	BlackRock, Inc.	291,464	€234.3m	-12.2%	no data
1.62%	The Vanguard Group, Inc.	183,632	€147.6m	1.29%	no data
1.15%	Fundsmith, LLP	130,243	€104.7m	0%	0.33%
0.81%	Norges Bank Investment Management	91,974	€73.9m	-33.8%	0.01%
0.8%	Allianz Asset Management GmbH	90,595	€72.8m	0%	0.08%
0.7%	Rathbones Investment Management Limited	79,048	€63.6m	0%	0.17%
0.64%	Dws Investment Gmbh	72,552	€58.3m	0%	0.04%
0.6%	Columbia Management Investment Advisers, LLC	68,694	€55.2m	-0.08%	0.01%
0.5%	GLG Partners, Inc.	56,589	€45.5m	5.28%	1.14%
0.39%	AXA Investment Managers S.A.	44,568	€35.8m	-0.42%	0.07%
0.37%	abrdn plc	42,307	€34.0m	0.89%	0.03%
0.37%	Dimensional Fund Advisors LP	41,509	€33.4m	6.15%	0.01%
0.28%	Geode Capital Management, LLC	32,271	€25.9m	1.81%	no data
0.28%	Fiera Capital Corporation	32,110	€25.8m	10.2%	0.06%
0.25%	PineStone Asset Management Inc.	28,914	€23.2m	0.73%	0.34%
0.24%	Aristotle Capital Management, LLC	27,278	€21.9m	12.2%	0.04%
0.22%	Franklin Resources, Inc.	25,175	€20.2m	0.14%	0.01%
0.21%	Montanaro Asset Management Ltd.	23,500	€18.9m	0%	1.56%
0.2%	Amundi Asset Management SAS	22,517	€18.1m	-25.1%	no data
0.19%	Credit Suisse Asset Management (Switzerland) Ltd.	21,396	€17.2m	20.7%	0.01%
0.18%	Montanaro Investment Managers Ltd.	20,800	€16.7m	0%	0.88%
0.18%	Impax Asset Management Group Plc	19,912	€16.0m	0%	0.04%