In 2012, the Principality of Liechtenstein maintained its 17.7 million LLB shares, i.e. 57.5 percent of the share capital, unchanged. On 22 November 2011, the Liechtenstein Government, as 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 Government explicitly supports LLB as a listed company and is committed to keeping its majority equity stake of at least 51 percent.
At the end of the report year, LLB held 7.7 percent of its own shares, 4.3 percent were held by Thornburg Investment Management Inc. and less than 0.1 percent by the members of the Board of Directors and the Board of Management. All remaining shares were in free float as at 31 December 2012, whereby none of the other shareholders held more than 3.0 percent of the share capital.