1. Group structure and shareholders

1.1 Group structure

1.1.1 Description of operating Group structure

As a joint-stock company, VP Bank is constituted in accordance with Liechtenstein law. It is the parent company of VP Bank Group. The organisational chart on page 17 shows the Group’s operating structure. 

The subsidiary companies and material shareholdings included in the scope of consolidation are listed in the Financial Report (see page 179) 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 assumes 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 Group Executive Management acts as Board Chairman of the given subsidiary company.

  1. In principle, the term “Executive Board” is used in this chapter.

 

1.1.2 Listed companies included in the scope of consolidation

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

 

ISIN

Year-end price<br/>in CHF

Market value

in CHF million 

Registered shares A (listed)

LI0010737216

133.00

800.0

1

Registered shares B (not listed)

LI0010737596

13.30

79.9

 

Total (market capitalisation of registered shares A plus market value of registered shares B)

879.9

 

Stock-market capitalisation of listed registered shares A as of 31.12.2017

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

 

1.2 Significant shareholders (anchor shareholders)

As at 31 December 2017, the following shareholders and shareholder groups have 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 A

Registered shares B

Voting 
rights

Voting 
rights as 
% of total

Ownership 
of total 
share capital

Stiftung Fürstl. Kommerzienrat Guido Feger, Vaduz 1

1,066,426

4,530,047

5,596,473

46.6%

23.0%

U.M.M. Hilti-Stiftung, Schaan

546,963

658,370

1,205,333

10.0%

9.3%

Marxer Stiftung für Bank- und Unternehmens­werte, Vaduz

756,589 

0

756,589

6.3%

11.4%

1 incl. institutions 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. 120–124 of the Swiss Financial Market Infrastructure Act (FMIA). There exist no shareholder agreements.

 

1.3 Cross-shareholding

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