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    1. Group structure and shareholders

    1.1 Group structure

    1.1.1 Description of operating Group structure

    As a joint-stock corporation, VP Bank is constituted in accordance with Liechtenstein law. It is the parent company (head office) of VP Bank Group. The organisation chart shows the Group’s operating structure and here the detailed segment reporting is set out.

    The Executive Board of the head office is designated as “Group Executive Management (GEM)”. It assumes responsibility for the operational management of the head office as well as assuming the function as Group Executive ­Management for VP Bank Group.2 Members of Executive Management are represented on the Boards of Directors ­ of the subsidiary companies. As a general rule, a member of Executive Management acts as Chairman of the Board of the given subsidiary companies.

     

    1.1.2 Listed companies included in the reporting entity

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

     

    ISIN

    Year-end price CHF

    Market value

    CHF million 

    Registered shares A (listed)

    LI0010737216

    87.80

    528.1

    1

    Registered shares B (unlisted)

    LI0010737596

    8.80

    52.8

     

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

    580.9

     

    1 Market capitalisation of listed registered shares A as of 31 December 2022.

    No other listed companies are included in the reporting entity.

     

    1.1.3 Unlisted companies included in the reporting entity

    The subsidiary companies and material shareholdings included in the scope of the reporting entity are listed in the financial report together with their name, registered office, share capital and percentage of share capital held.

     

    1.2 Significant shareholders (anchor shareholders)

    As of 31 December 2022, 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

    Regis-­
    tered shares B

    Votes

    Percentage of votes

    Percentage of share capital

    “Stiftung Fürstl. Kommerzienrat Guido Feger” 
    foundation, Vaduz    1

    1,066,426

    4,530,047

    5,596,473

    46.6%

    23.0%

    “U.M.M. Hilti-Stiftung”
    foundation, Schaan

    578,270

    658,370

    1,236,640

    10.3%

    9.7%

    “Marxer Stiftung für Bank- und Unter­nehmens­werte” foundation, Vaduz

    756,885

    0

    756,885

    6.3%

    11.4%

    1 Including the institutions controlled by the foundation.

    During the period under review, no further disclosure ­notifications were received as foreseen by Art. 25 of the Liechtenstein Act of 23 October 2008 on the Disclosure of Information Concerning Issuers of Securities (DA) and by Art. 120 to 124 of the Swiss Financial Market Infrastructure Act (FinMIA). No shareholder agreements exist.

     

    1.3 Cross-shareholdings

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