The ordinary general meeting of shareholders of VP Bank Ltd is held each year within six months of the end of the financial year.
Restrictions on voting rights and proxy voting
At the general meeting of shareholders of VP Bank each registered share confers one vote, regardless of its nominal value. Each shareholder may either attend the general meeting in person or opt to be represented by some other shareholder by means of a written authorisation.
There are no restrictions on voting rights and no statutory group clauses apply.
Majority requirement laid down in the Articles of Association
Amendments to the Articles of Association regarding any change in the relationship between A registered shares and B registered shares or regarding the provisions governing restrictions on the registration of B registered shares require approval by shareholders representing at least two-thirds of all shares issued by VP Bank.
Convocation of the general meeting
General meetings are convened in accordance with the relevant statutory provisions and the Articles of Association.
The meeting agenda is drawn up in accordance with the relevant statutory provisions and the Articles of Association.
Entries in the share register / invitations to the general meeting
B registered shares are entered in the share register together with the name, nationality, address and date of birth of their owner. Only registered shareholders who are entered in the share register are entitled to exercise the membership rights accorded by ownership of shares in the Company. The cut-off date for registration and hence for the entitlement to attend the meeting is 21 days prior to the date of the general meeting.
Invitations to the general meeting and the meeting agenda are sent out to holders of B registered shares entered in the share register on the cut-off date and to holders of A registered shares deposited with VP Bank at the addresses indicated to VP Bank. Once they have registered to attend, shareholders are sent the admission card together with all voting material.
The invitation to the general meeting is also published in the Liechtenstein newspapers and the Swiss financial press.
Your contact person is Rudolf Seuhs, Senior Corporate Communications Manager.