6.1 Voting right limitation and representation
The Liechtensteinische Landesbank has issued bearer shares. At the 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 (2'320'383 shares per 31 December 2009) are not eligible to vote.
At the General Meeting, each shareholder can vote his/her own shares or authorise a third party to vote them by proxy.
6.2 Statutory quorum
At the General Meeting, 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
The Board of Directors convenes an ordinary General Meeting by invitation with a period of notice of three weeks. The meeting must be held within six months following the end of a business year. The invitation to the General Meeting is to be publicised 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.
The Board of Directors specifies the agenda for the General Meeting in accordance with the Liechtensteinische Landesbank's statutes. The statutes can be read at www.llb.li/statutes. Liechtenstein equities law contains no regulations comparable in nature to the Swiss legal provisions (Art. 699, para. 3, Code of Obligations), 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 improving shareholders' rights in setting the agenda on account of the applicable regulations of Liechtenstein company law.
6.5 Registration in the company's share register
The Liechtensteinische Landesbank has issued only bearer shares.