1. Group structure and shareholder base

1.1 Group structure

1.1.1 Description of the Group’s operating structure

Verwaltungs- und Privat-Bank Aktiengesellschaft, Vaduz (hereinafter referred to as VP Bank), is a joint-stock company constituted in accordance with Liechtenstein law. It is the parent company of VP Bank Group. The organisational chart shows the Group’s operating structure and reflects the organisation by segment of VP Bank Group.

 

The subsidiary companies and material shareholdings included in the scope of consolidation are listed in the financial report, together with their names, registered offices, share capital and percentage of share capital held. 

 

Group Executive Management (GEM) bears responsibility for the operative management of VP Bank Group. In principle, the members of Group Executive Management are represented on the boards of directors of the consolidated companies. As a general rule, either the CEO or another member of the GEM acts as Board Chairman of the given subsidiary company. The parent bank is managed by its own Executive Board, which comprises Group Executive Management and one further Executive Board member. 

 

1.1.2 Listed companies included in the scope of consolidation

The bearer shares of VP Bank, Vaduz, are listed on SIX Swiss Exchange; the registered shares of the company are not listed.

 

ISIN

Security number

Year-end closing price
in CHF

Market value
in CHF million

Registered shares (unlisted)

LI0010737596

1.073.759

5.50

33

 

Bearer shares (listed)

LI0010737216

1.073.721

65.00

345

1

Total (market capitalisation of the bearer shares plus market value of the registered shares)

378

 

  1. Market capitalisation of the listed bearer shares as at 31 December 2012

 

No other listed companies are included in the scope of consolidation.

 

1.2 Significant shareholders

As at 31 December 2012, the following shareholders declared that they own more than 10 per cent of the share capital of VP Bank or exercise more than 3 per cent of the voting rights.

Shareholders

Registered shares

Bearer
shares

Voting
rights

Voting
rights as
% of total

Ownership of
total share
capital

Stiftung Fürstlicher Kommerzienrat Guido Feger, Vaduz

4,452,447

1,026,406

5,478,853

48.4%

24.9%

U.M.M. Hilti-Stiftung, Schaan

658,370

540,708

1,199,078

10.6%

10.3%

Ethenea Independent Investors S.A., Luxembourg

0

795,043

795,043

7.0%

13.4%


During the period under review, no further disclosure reports were received within the context of Art. 25 of the Liechtenstein Law Governing the Disclosure of Information Relating to Issuers of Securities or with the meaning of Art. 20 of the Swiss Federal Act on Stock Exchanges and Securities Trading. There exist no binding shareholder agreements. 

 

1.3 Cross-shareholdings

VP Bank has entered into no cross-shareholdings with other companies involving share capital or voting rights.