2. Capital structure

2.1 Share capital

The share capital of VP Bank amounts to CHF 66,154,167 and is divided into 6,015,000 fully paid-up registered shares A with a par value of CHF 10.00 each, as well as 6,004,167 registered shares B with a par value of CHF 1.00 each (see Financial Report, page 169). 

 

Number

Balance as of 31.12.2017 
Share capital in CHF

Registered shares A

6,015,000

60,150,000

Registered shares B

6,004,167

6,004,167

Total

12,019,167

66,154,167

2.2 Conditional and authorised capital

VP Bank has neither authorised nor conditional capital.

 

2.3 Changes in share capital

The total shareholders’ equity of VP Bank for the past three financial years (as at the respective balance-­sheet date) has developed as follows:

in CHF 1,000

31.12.2015

31.12.2016

31.12.2017

Share capital

66,154

66,154

66,154

Capital reserves

47,239

47,143

47,143

Legal reserves

239,800

239,800

239,800

Other reserves

344,481

346,646

349,225

Provisions for general banking risks

63,150

63,150

63,150

Retained earnings

77,330

118,847

136,282

Total

838,154

881,740

901,754

2.4 Shares and participation certificates

The registered shares A of VP Bank are freely tradable on SIX Swiss Exchange. The registered shares B are not listed, but are widely held among the regional population. Both share categories bestow the membership rights provided for in the Liechtenstein Persons and Companies Act (PCA) and the company›s Articles of Incorporation. Each registered share A (par value of CHF 10.00) and each registered share B (par value of CHF 1.00) 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 registration and transfer of registered shares is regulated in detail in Art. 7 of the Articles of Incorporation3. Only those shareholders entered into the share register are entitled to exercise membership rights of the company. 

The Board of Directors can refuse to enter holders of registered share B into the register of shareholders on important grounds (Art. 7a of Articles of Incorporation). During the reporting year, the Board of Directors did not make use of their powers of authority in this respect. 

  1. The Articles of Incorporation in the Internet: www.vpbank.com/regulations

 

2.7 Convertible bonds and options

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