Annual Report 2002

2. Capital structure
2.1 Capital
The share capital of VP Bank totals CHF 85.5 million,
represented by 11,171,500 fully paid-in registered shares
each with a par value of CHF 1.00, as well as 7,432,850
bearer shares each with a par value of CHF 10.00 (see
table under point 2.3 herein and page 44 of the financial
report). VP Bank has no outstanding participation certificates
or dividend-right certificates.
2.2 Authorised and conditional capital
No resolutions or regulations currently exist under which
VP Bank could increase its conditional or authorised capital
within the context of DCG.
2.3 Changes in capital
Based on a resolution adopted at the annual general meeting
of shareholders on April 28, 2000, share capital was
reduced from CHF 90 million to CHF 85.5 million (see arts.
4 and 5 of the articles of incorporation). The following
table illustrates this change:
Status up to April 28, 2000 Status following implementation
of resolution
Number Capital in CHF Number Capital in CHF
Registered shares 307,200 15,360,000.— 11,171,500 11,171,500.—
Bearer shares 223,200 44,640,000.— 7,432,850 74,328,500.—
Participation certs. 600,000 30,000,000.— 0 —.—
Total 90,000,000.— 18,604,350 85,500,000.—
annual report 2002 | vp bank | page 29