1. Group structure and shareholders

1.1 Group structure

1.1.1 Description of the Group’s operating 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 shows the Group’s operating structure and from page 86 in the annual report onwards, the detailed segment reporting is set out. 

The Executive Board of the parent bank is referred to as “Group Executive Management (GEM)”. It assumes responsibility for the operational management of the parent bank as well as assuming the function of the Executive Board for VP Bank Group.2 The members of the Executive Board are represented on the Boards of Directors (BoD) of the subsidiary companies. As a general rule, either the Chief Executive Officer or another member of Group Executive Management acts as Board Chairman of any 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 listed.

 

ISIN

Year-end price
in CHF

Market value

in CHF 
million 

Registered shares A (listed)

LI0010737216

112.00

673.7

1

Registered shares B (not listed)

LI0010737596

11.20

67.2

 

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

740.9

 

1 Stock-market capitalisation of listed registered shares A as of 31.12.2020

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

 

1.1.3 Unlisted companies included in the scope of consolidation

Group subsidiaries and significant shareholdings included in the scope of consolidation together with their corporate name, registered office, share capital and the percentage of share capital held are set out in the Financial Report.

 

1.2 Significant shareholders (anchor shareholders)

As at 31 December 2020, the following shareholders 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

577,842

658,370

1,236,212

10.3%

9.7%

Marxer Stiftung für Bank- und Unter-
nehmens­werte, Vaduz

756,885

0

756,885

6.3%

11.4%

1 incl. institutions controlled by the Foundation

During the financial year, no further disclosure notifications were received within the meaning of Art. 25 of the Liechtenstein Law Governing the Disclosure of Information Relating to Issuers of Securities and of Art. 120–124 of the Swiss ­Financial Market Infrastructure Act (FMIA). There are no shareholder agreements in place.

 

1.3 Cross-shareholdings

VP Bank has not entered into any cross-shareholdings with other companies involving share capital or voting rights.