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).

 

Number

Balance as of 31.12.2020 
Share capital in CHF

6,015,000

60,150,000

6,004,167

6,004,167

12,019,167

66,154,167

 

2.2 Conditional and authorised capital

VP Bank has neither authorised nor conditional capital.

 

2.3 Changes in shareholders’ equity

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

31.12.2018

31.12.2019

31.12.2020

66,154

66,154

66,154

47,049

47,049

47,049

239,800

239,800

239,800

352,286

355,667

358,889

63,150

63,150

63,150

134,015

156,754

159,929

902,454

928,574

934,970

 

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 vis-à-vis the company. 

The Board of Directors can refuse to enter holders of ­registered shares B into the share register for compelling reasons (Art. 7a of the Articles of Incorporation). During the financial year, the Board of Directors did not make use of their powers of authority in this respect. 

 

  1. The Articles of Incorporation online: www.vpbank.com/regulations

2.7 Convertible bonds and options

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