2 Capital structure

2.1 Capital

As at 31 December 2015, the share capital of the Liechtensteinische Landesbank stood at CHF 154.0 million (30’800’000 fully paid bearer shares with a nominal value of CHF 5.00).

2.2 Conditional and approved capital

On the balance sheet date, the Liechtensteinische Landesbank had no conditional capital and no approved capital.

2.3 Changes to capital

Details regarding changes to capital during the last three report years are shown in the table “Consolidated statement of changes in equity”.

2.4 Shares and participation certificates

As at 31 December 2015, the share capital amounted to 30’800’000 fully paid bearer shares with a nominal value of CHF 5.00. With the exception of the LLB shares held by the Liechtensteinische Landesbank and its subsidiaries (1’978’202 shares), all the shares are eligible for dividend. As at 31 December 2015, share capital eligible for dividend therefore amounted to CHF 144.1 million. In principle, all LLB shares are eligible for voting according to the principle of “one share, one vote”. However, on account of the regulations concerning the purchase of own shares (Art. 306a ff. PGR / Liechtenstein Person and Company Law), the shares held by Liechtensteinische Landesbank AG and its subsidiaries are not eligible for voting. There are no priority rights or similar entitlements. Shareholders have a subscription right with the issue of new shares, which entitles them to subscribe to new shares in proportion to the number of shares they already hold.

Liechtensteinische Landesbank AG has not issued participation certificates.

2.5 Profit-sharing certificates

Liechtensteinische Landesbank AG has no outstanding profit-sharing certificates.

2.6 Transfer limitations and nominee registrations

The Liechtensteinische Landesbank exclusively issued bearer shares, these are fully transferable.

2.7 Convertible bonds and options

As at 31 December 2015, the Liechtensteinische Landesbank had no bonds or convertible bonds or options on its own shares outstanding.