1. Group structure and shareholders
1.1 Group structure
1.1.1 Description of operational Group structure
VP Bank is a joint-stock company constituted in accordance with Liechtenstein law. It is the parent company of VP Bank Group. The organisation chart shows the Group's operating structure and reflects the organisation according to segments 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 name, registered office, share capital and percentage of share capital held.
The Executive Board of the parent bank is designated as “Group Executive Management (GEM)”. It bears responsibility for the operational management of the parent bank as well as assuming the function as Executive Board for VP Bank Group 2. The members of the Executive Board are represented on the boards of directors of the subsidiary companies. As a general rule, either the Chief Executive Officer or another member of the Executive Board acts as Board Chairman of the given subsidiary company.
- In this chapter, the term “Executive Board” is employed in principle.
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 | Year-end closing | Market value | |
Registered shares (unlisted) | LI0010737596 | 1.073.759 | 8.20 | 49 |
|
Bearer shares (listed) | LI0010737216 | 1.073.721 | 82.00 | 493 | |
Total (market capitalisation of the bearer shares plus market value of the registered shares) | 542 |
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1 Stock-market capitalisation of listed bearer shares as of 31.12.2015 | |||||
No other listed companies are included in the scope of consolidation.
1.2 Significant shareholders (anchor shareholders)
As at 31 December 2015, the following shareholders declared that they own more than 10 per cent of the share capital of VP Bank or exercise more than 5 per cent of the voting rights.
Shareholders | Registered shares | Bearer | Voting | Voting | Ownership |
Stiftung Fürstl. Kommerzienrat | 4,530,047 | 1,066,426 | 5,596,473 | 46.6% | 23.0% |
U.M.M. Hilti-Stiftung, Schaan | 658,370 | 546,409 | 1,204,779 | 10.0% | 9.3% |
Marxer Stiftung für Bank- und | 0 | 755,955 | 755,955 | 6.3% | 11.4% |
Ethenea Independent Investors S.A., | 0 | 644,457 | 644,457 | 5.4% | 9.7% |
1 incl. entities controlled by the Foundation | |||||
During the period under review, no further disclosure notifications were received as foreseen by Art. 25 of the Liechtenstein Law Governing the Disclosure of Significant Shareholdings in a Listed Company and by Art. 20 of the Swiss Federal Act on Stock Exchanges and Securities Trading. There exist no shareholder agreements.
1.3 Cross-shareholdings
VP Bank has entered into no cross-shareholdings with other companies involving share capital or voting rights.