Shareholder structure

The Principality of Liechtenstein’s holding of 17.7 million LLB shares (57.5 % of the share capital) remained unchanged in 2018 compared to the previous year. In 2011, the Liechtenstein Government, as the representative of the majority shareholder, adopted the ownership strategy it has been pursuing in regards to the Principality’s equity stake in Liechtensteinische Landesbank AG ( It thereby explicitly supports the stock exchange listing of LLB and retains a majority stake of at least 51 per cent.

5.9 per cent of the shares were owned by the Haselsteiner Familien-Privatstiftung and the grosso Holding Gesellschaft mbH, both of which are domiciled in Austria, as at 31 December 2018 (see chapter “Corporate Center”).

LLB held 0.4 per cent (2017: 6.2 %) of its own shares as at the end of the reporting year. On 24 August 2018, LLB launched a public share buy-back programme for the purpose of acquiring a maximum of 400'000 of its own registered shares via the ordinary trading line on the SWX Swiss Exchange. As at 31 December 2018, it had repurchased 116’500 shares. The programme will run up to 31 December 2020.

The remaining registered shares were in free float, whereby none of the other shareholders held more than 3 per cent of the share capital. Overall 89.5 per cent of the 30.8 million total registered shares were entered in the share register as at the end of the reporting year. 10.5 per cent, or 3'230'017 shares, were not registered.

Shareholder structure in per cent
Shareholder structure in percent (pie chart)