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 155).

VP Bank has neither authorised nor conditional 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:

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.

VP Bank has issued no profit-sharing certificates.

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 financial year, the Board of Directors did not make use of their powers of authority in this respect. 

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

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