2 / Capital structure

2/1 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 (➔ financial report).

 

Number

Balance on 31.12.2021

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 capital

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

31.12.2019

31.12.2020

31.12.2021

66,154

66,154

66,154

47,049

47,049

47,049

239,800

239,800

239,800

355,667

358,889

361,062

63,150

63,150

63,150

156,754

159,929

158,736

928,574

934,970

935,951

 

2/4 Shares and participation certificates

The registered shares A of VP Bank are freely tradable on SIX Swiss Exchange Ltd. 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 Association. 

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 Dividend-right certificates

VP Bank has issued no dividend-right 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 Association.3 Only 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 register of shareholders on important grounds (Art. 7a of the Articles of Association). During the reporting year, the Board of Directors did not make use of their powers of authority in this respect.

 

2/7 Convertible bonds and options

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