2. Capital structure

2.1 Capital

The share capital of VP Bank amounts to CHF 59,147,637 and is divided into 6,004,167 fully paid-up registered shares with a par value of CHF 1.00 each, as well as 5,314,347 bearer shares with a par value of CHF 10.00 each (see financial report). 

 

Number

Balance as at 31/12/2012
Share capital in CHF

6,004,167

6,004,167

5,314,347

53,143,470

11,318,514

59,147,637

 

2.2 Authorised and conditional capital

VP Bank has neither authorised nor conditional capital pending.

 

2.3 Changes in capital

The share capital of VP Bank has not changed during the past three years. Total shareholders’ equity of VP Bank for the past three financial years (as at the given balance-sheet date) has developed as follows:

31/12/2012

31/12/2011

31/12/2010

59,148

59,148

59,148

239,800

239,800

239,800

343,791

357,622

357,097

63,150

63,150

63,150

29,479

16,464

25,162

735,368

736,184

744,357

 

2.4 Shares and participation certificates

The bearer shares of VP Bank are freely tradable on SIX Swiss Exchange. The registered shares are not listed, but are widely held among the regional populace. Both share categories bestow the membership rights provided for in the Liechtenstein Law on Persons and Companies Act (PGR) and the company’s Articles of Incorporation. Each registered share (par value of CHF 1.00) and each bearer share (par value of CHF 10.00) grants the holder the right to one vote at the annual general meeting of VP Bank, irrespective of the par value of the share.

VP Bank has issued no participation certificates.

 

2.5 Profit-sharing certificates

VP Bank has issued no profit-sharing certificates.

 

2.6 Limitations on transferability and nominee registrations

The recording and transfer of registered shares is regulated in detail in Art. 7 of the Articles of Incorporation 1. The registered shares are entered into the share register with a precise description of the owner according to name, nationality and address. Only those registered shareholders are allowed to exert membership rights vis-à-vis the company. The Board of Directors may refuse entry into the share register for compelling reasons.

 

2.7 Convertible bonds and warrants/options

VP Bank has issued neither convertible bonds nor warrants/options based on its shares.