Annual Report 2002

2.4 Shares
The bearer shares of VP Bank are freely tradable on the
SWX Swiss Exchange, whereas the registered shares are
not listed. Both share categories carry membership rights
as stipulated by the Liechtenstein Civil and Company
Code (‘CCC’) as well as VP Bank’s articles of incorporation.
Holders of registered shares (each with a par value of
CHF 1.00) as well as holders of CHF 10.00 par value bearer
shares are entitled to vote at the annual general meeting
of shareholders, regardless of the respective par value of
such shares.
2.5 Dividend-right certificates
Since the conversion of its dividend-right certificates in
accordance with a resolution adopted at the annual general
meeting of shareholders on April 28, 2000 (see 2000 annual
report), no dividend-right certificates, participation certificates
or similar securities of VP Bank have been issued.
2.6 Limitations on transferability, and nominee
registrations
Pursuant to the provisions of Art. 7 of the company’s articles
of incorporation, the transfer of registered shares and
their entry into the share register is limited to Liechtenstein
citizens or associations domiciled in Liechtenstein whose
membership rights are exercised by a majority of Liechtenstein
citizens and whose beneficial owners comprise a
majority of Liechtenstein citizens.
In the period under review, no exceptions were made
with regard to these restrictions. Any change to the aforementioned
limitations requires a two-thirds majority vote
of all shares that have been issued by the company.
2.7 Convertible bonds and warrants/options
VP Bank has issued no convertible bonds or warrants/
options.
annual report 2002 | vp bank | page 31