6. Shareholders’ participation rights

Each registered share and bearer share grants the holder the right to one vote at the annual general meeting of VP Bank Group, irrespective of the par value of such shares. Each shareholder may either attend in person or be represented by another shareholder by means of a written proxy. There are no voting rights restrictions or statutory group clauses.

Amendments to the Articles of Incorporation regarding a change in the relationships of bearer shares to registered shares (Articles of Incorporation, Art. 4 par. 2) as well as to the provisions governing the restriction on the registration of registered shares (Articles of Incorporation, Art. 7 par. 2) require the approval of at least a two-thirds majority via the voting rights of all shares issued by VP Bank Group (Articles of Incorporation, Art. 14 par. 4).

Convocation of the annual general meeting is made in accordance with the provisions of law and the Articles of Incorporation (Art. 11). 

The agenda for the annual general meeting is based upon the provisions of law and those of the Articles of Incorporation (Art. 11 to 14).

Registered shares are entered into the share register with the name, citizenship, address and date of birth of the owner. Only registered shareholders are entitled to exercise membership rights vis-à-vis the company. The relevant deadline for registration and entitlement to participate (as per the Articles of Incorporation, Art. 11 par. 1) is 21 days prior to the date of the annual general meeting. Registered shareholders who have been entered into the share register by that deadline, as well as bearer shareholders whose shares are held in the custody of VP Bank Group, receive an invitation to the annual general meeting, including the related agenda, sent to the address known to VP Bank Group at the time of dispatch. Upon returning their reply card, shareholders receive an entry pass together with the relevant voting material.

The invitation to the annual general meeting is also published in Liechtenstein newspapers and the Swiss financial press.