6 Shareholders' participation rights

6.1 Voting right limitation and representation

The Liechtensteinische Landesbank has issued bearer shares. At the Liechtensteinische Landesbank’s General Meeting of Shareholders, each share carries one vote. In accordance with Art. 306a ff. of person and company law, the LLB shares held by the Liechtensteinische Landesbank itself and its subsidiaries (1'947'134 shares as at 31 December 2013) are not eligible to vote.

At the General Meeting of Shareholders, each shareholder can vote their own shares or authorize a third party to vote them by proxy.

6.2 Statutory quorum

At the General Meeting of Shareholders, a quorum is present if half of the share capital is represented. Provided that legal provisions do not stipulate to the contrary, the General Meeting passes its resolutions and decides its elections by an absolute majority of the votes cast.

6.3 Convening of the General Meeting of Shareholders

The Board of Directors convenes an ordinary General Meeting of Shareholders by invitation with a three-week period of notice. The meeting must be held within six months following the end of a business year. The invitation to the General Meeting is to be publicized in the official gazettes. The invitation must list the agenda to be dealt with at the meeting, the proposals of the Board of Directors and, in the event of elections, the names of the proposed candidates.

An extraordinary General Meeting may be convened by the Board of Directors if this is in the urgent interest of the Liechtensteinische Landesbank or at the request of one or more shareholders representing ten percent of the share capital.

6.4 Agenda

The Board of Directors specifies the agenda for the General Meeting in accordance with the Liechtensteinische Landesbank’s statutes. The statutes may be viewed at www.llb.li/statutes. Liechtenstein law on stock companies contains no regulations comparable in nature to the Swiss legal provisions (Art. 699, para. 3, OR), which stipulate the rights of shareholders in setting the agenda for General Meetings. However, legally stipulated minority rights do exist which ensure that signed and detailed items that are submitted to the Board of Directors may be placed on the agenda for discussion and resolution. At the present time, it is not possible to amend the statutes in favour of shareholders’ rights in setting the agenda on account of the binding rules of Liechtenstein company law.

6.5 Registration in the company’s share register

The Liechtensteinische Landesbank exclusively issued bearer shares.

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