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 (→ page 40) shows the Group’s operating structure, and from page 159 onwards, the detailed segment reporting is set out.
The Executive Board (EB) is responsible for the opera- tional management of the head office (VP Bank Ltd, Vaduz), whereas Group Executive Management is responsible for the management of VP Bank Group. Group Executive Management (GEM) is in charge of the management of the Group. According to the new Organisation and Business Rules, not all Member of GEM are also EB Members. Members of Group Executive Management are represented on the Boards of Directors (of the subsidiary companies. As a general rule, a Member of Group 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 | 87.60 | 526.9 | |
Registered shares B (unlisted) | LI0010737596 | 8.80 | 52.8 |
|
Total (market capitalisation of registered shares A plus market value of registered shares B) | 579.7 |
| ||
1 Market capitalisation of listed registered shares A as of 31 December 2023 | ||||
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 (→ page 183) together with their name, registered office, share capital and percentage of share capital held.
1.2 Significant shareholders (anchor shareholders)
As of 31 December 2023, 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 | Registered shares B | Votes | Percent- | 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.