Group Structure and Shareholders
“Clearly defined, transparent corporate governance is integral to our success. It enables us to build trust outside and inside the company.”
The operational Group structure is shown in the diagram Management Structure.
Geberit AG, the parent company of the Geberit Group, has its headquarters in Rapperswil-Jona (CH). For the place of listing, market capitalisation, Swiss securities identification number and ISIN code, please refer to Geberit share information on the Annual Report 2016.
The Group’s consolidated subsidiaries are listed in Note 33, Group companies as of 31 December 2016 to the Consolidated Financial Statements, stating the company name and head office, share capital and equity interest held by the Group companies. Except for Geberit AG, the scope of consolidation does not include any listed companies.
The significant shareholders within the meaning of Art. 663c of the Swiss Code of Obligations (Schweizerisches Obligationenrecht, OR) and Art. 120 Para. 1 of the Financial Market Infrastructure Act (Finanzmarktinfrastrukturgesetz, FinfraG) were entered in the company’s share register on 31 December 2016 as holding more than 3% of the voting rights or share capital recorded in the Commercial Register, or held more than 3% of the voting rights or share capital recorded in the Commercial Register on 31 December 2016.
(In accordance with the corresponding reports to SIX Swiss Exchange, as of December 31, 2016)
|BlackRock, New York, USA||4.84%|
|Capital Group Companies, Inc., Los Angeles, USA||4.94%|
Disclosure notifications reported to Geberit during 2016 and published by Geberit via the electronic publishing platform of SIX Swiss Exchange can be viewed at www.six-exchange-regulation.com/en/home/publications/significant-shareholders.html.
In terms of equity interests or voting rights, the Geberit Group has no cross-shareholdings with any other companies that exceed a threshold of 5%.
Important changes to the Articles of Incorporation
As a consequence of the new provisions of the Ordinance against Excessive Compensation with respect to Listed Companies (OaEC), the Articles of Incorporation were amended in April 2014. No amendments to the Articles of Incorporation were made in the 2015 financial year. In the 2016 financial year, the Articles of Incorporation were amended due to the capital reduction agreed on 6 April 2016 (see 2.4, Shares and participation certificates).