Each registered share and bearer share grants the holder the right to one vote at the Annual General Meeting of VP Bank, irrespective of the par value of such shares. Each shareholder may either attend in person or be represented by another shareholder by means of a written proxy.
There are no voting rights restrictions or statutory group clauses.
Statutory quorums
Amendments to the Articles of Incorporation regarding a change in the relationships of bearer shares to registered shares as well as to the provisions governing the restriction of registration of registered shares require at least a two-thirds majority approval via the voting rights of all shares issued by VP Bank.
Convocation of the Annual General Meeting of shareholders
Convocation of the Annual General Meeting is made in accordance with the provisions of law and the Articles of Incorporation.
The agenda for the Annual General Meeting is based upon the provisions of law and those of the Articles of Incorporation.
Inscriptions into the share register / invitation to the Annual General Meeting
Registered shares are entered into the share register with the name, citizenship and address of the owner. Only registered shareholders are entitled to exercise of membership rights of the company. The deadline for registration and entitlement to participate is 21 days prior to the date of the Annual General Meeting.
Registered shareholders who have been entered into the share register by that deadline, as well as bearer shareholders whose shares are held in the custody of VP Bank, receive an invitation to the Annual General Meeting as well as the related agenda, sent to the address known to VP Bank at the time of dispatch. Upon returning their reply card, shareholders receive an entry pass together with the relevant voting material.
The invitation to the Annual General Meeting is also published in Liechtenstein newspapers and the Swiss financial press.
