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Capital structure

On 29 April 2016, the Annual General Meeting of the shareholders of VP Bank AG, Aeulestrasse 6, 9490 Vaduz, Liechtenstein, approved a motion from the Board of Directors to convert the current bearer shares with a nominal value of CHF 10 per share into new A registered shares. The existing unlisted registered shares with a nominal value of CHF 1 per share will be renamed as B registered shares.

The share capital of VP Bank will remain unchanged at CHF 66,154,167 after the conversion, comprising 6,015,000 listed A registered shares with a nominal value of CHF 10 per share and 6,004,167 unlisted B registered shares with a nominal value of CHF 1 per share.

Capital structure

The share capital of VP Bank in the amount of CHF 66’154’167 consists of 6,004,167 fully paid-in B registered shares with a nominal value of CHF 1.00 each and 6’015’000 A registered shares with a nominal value of CHF 10.00 each.

31.12.2015
Number of shares
31.12.2015
Share capital
in CHF
31.12.2016
Number of shares
31.12.2016
Share capital
in CHF
A registered shares

6’015’000

6’015’000

6’015’000

60’150’000

B registered shares

6’004’167

6’004’167

6’004’167

6'004’167

Total share capital

12‘019‘167

66'154‘167

12‘019‘167

66'154‘167

VP Bank has neither authorised nor conditional capital.

Changes in capitalisation

During the Extraordinary General Meeting held on 10 April 2015, a capital increase of CHF 7,006,530 together with the issuance of 700.653 bearer shares (A registered shares) with a par value of CHF 10.00 was approved. The total shareholders’ equity of VP Bank over the past three financial years (as of the respective reporting dates) is shown below:

in CHF 1'00031.12.201431.12.201531.12.2016
Share capital

59'148

66'154

66'154

Capital reserves

0

47'329

47'143

Legal reserve

239'800

239'800

239'800

Other reserves

344'089

344'446

346'646

Provisions for general banking risks

63'150

63'150

63'150

Net retained profit

55'893

55'958

118'847

Total

762'080

838'154

881'741

Shares and participation certificates

The A registered shares of VP Bank are freely tradable on the SIX Swiss Exchange. B registered shares are not listed, but are held by the regional population. Both categories of shares entitle their holders to the rights defined in the Liechtenstein Persons and Company Law (Personen- und Gesellschaftsrecht – PGR) and the Articles of Association. Each B registered share (nominal value of CHF 1) and each A registered share (nominal value of CHF 10), regardless of its nominal value, entitles the holder to one vote at the annual general meeting of VP Bank.

VP Bank has issued no participation certificates.

Changes in number of shares and voting rights

During the Extraordinary General Meeting held on 10 April 2015, a capital increase of CHF 7,006,530 together with the issuance of 700.653 bearer shares (A registered shares) with a par value of CHF 10.00 was approved. The total shareholders’ equity of VP Bank over the past three financial years (as of the respective reporting dates) is shown below:

DateTypeNumberCapital shareNumber of votes
10.04.2015

B registered shares

6'004’167

6'004’167

6'004’167

10.04.2015

A registered shares

6‘015‘000

60‘150‘000

6‘015‘000

15.05.2003

B registered shares

6'004’167

6'004’167

6'004’167

15.05.2003

A registered shares

5'314’347

53'143’470

5'314’347

Shareholders

The following shareholders declared that they held more than ten per cent of the share capital of VP Bank or exercised more than five per cent of the voting rights as of 31 December 2016.

ShareholdersA registered
shares
B registered
shares
Voting
rights
Proportion
of votes
Share
capital
Stiftung Fürstl. Kommerzienrat Guido Feger, foundation, Vaduz

1'066'426

4‘530‘047

5'596'473

46.6%

23.0%

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

546'409

658'370

1205'088

10.0%

9.3%

Marxer Stiftung für Bank- und Unternehmenswerte, foundation, Vaduz

756‘381

0

756‘381

6.3%

11.4%

Distribution of dividends

VP Bank has had an above-average payout ratio for many years. This is a reflection of the stability of our capital structure.

A registered shares

Financial yearDisbursement per shareDate of payment
2016

CHF 4.50*

05.05.2017

2015

CHF 4.00

06.05.2016

2014

CHF 3.00

30.04.2015

2013

CHF 3.50

05.05.2014

2012

CHF 2.50

07.05.2013

2011

CHF 1.50

04.05.2012

2010

CHF 3.50

06.05.2011

2009

CHF 3.50

05.05.2010

2008

CHF 2.50

29.04.2009

2007

CHF 11.00

30.04.2008

2006

CHF 10.00

03.05.2007

2005

CHF 8.50

04.05.2006

2004

CHF 6.00

04.05.2005

2003

CHF 5.00

05.05.2004

2002

CHF 1.50

30.04.2003

2001

CHF 4.50

03.05.2002

2000

CHF 6.00

03.05.2001

*proposal

Company information

  • Shares listed on the SIX Swiss Exchange

  • Symbol: VPBN / Currency: CHF

  • Security number: 31 548 726

  • ISIN: LI0315487269

  • Reuters: VPBN.S

  • Bloomberg: VPBN

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