The Principality of Liechtenstein’s holding of 17.7 million LLB shares (57.5 % of the share capital) remained unchanged in 2016 on the previous year. On 22 November 2011, the Liechtenstein Government, as the representative of the majority shareholder, adopted the ownership strategy it had been pursuing in regards to the Principality’s equity stake in Liechtensteinische Landesbank AG. The Liechtenstein Government thereby explicitly supports the stock exchange listing of LLB and retains a majority stake of at least 51 percent.
LLB held 6.4 percent (2015: 6.4 %) of its own shares, while Thornburg Investment Management Inc. held 2.95 percent (2015: 3.7 %) of total shares issued as at the end of the reporting year. No other shareholder held more than 3 percent of the share capital. A total of 10,232,642 shares, or 33.2 percent, were in free float as at 31 December 2016 (31.12.2015: 9,971,798, or 32.4 %).