Shareholder structure

Shareholders holding more than 3% of the registered share capital (as shown in the shareholders’ register or according to the latest published disclosure report), as recorded in the Commercial Register on December 31, 2016, are listed below.

12/31/201612/31/2015
Dr. h.c. Willy Michel23.7%23.7%
Artemis Beteiligungen I AG, Hergiswil 1)21.2%21.2%
J. Safra Sarasin Investment Fonds AG*8.5%9.8%
Grapha Holding AG (formerly GEKLA AG), Hergiswil 2)8.8%8.8%
Hansruedi Bienz7.5%7.5%
Einfache Gesellschaft Dreier 3)3.5%3.5%


Beneficial owners:
1) Michael Pieper
2) Rudolf B. Müller
3) Hans Dreier, Rudolf Dreier
* Effective amount of holding as at December 31, 2016 and December 31, 2015

There are no shareholders’ pooling agreements and no capital or voting cross-holdings. The overall structure of shareholdings at December 31, 2016, was as follows:

Number of sharesNumber of shareholders
1 to 100234
101 to 1'00083
1'001 to 10'00016
more than 10'00010
Total343