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Group structure and shareholders
Group structure Swiss Life Holding is a public limited company incorporated under Swiss law with its registered office in Zurich. It was established in 2002 and has been listed on the SWX Swiss Exchange since 19 November of that year. Swiss Life Holding brings together all the Swiss Life Group companies and activities under a single holding company umbrella. The holding company structure makes it easier to effect investments, enter into partnerships or cooperation agreements and execute capital market transactions. Transparency is also improved by separating the interests of shareholders from those of policyholders.
The most important companies falling within the Group’s scope of consolidation are presented in the Financial Statements (note 41). Details concerning the listing on the SWX Swiss Exchange and market capitalisation can be found on page 40. The organisational structure of the Group reflects the company’s main areas of business. The resulting allocation of functional responsibilities is reflected in the division of responsibilities in the Corporate Executive Board and can be seen in the market units. With regard to the insurance business, each country has one person with market responsibility who is also responsible for the results.
Shareholders On 16 January 2006, Premafin Finanziaria S.P.A. reported that it had fallen below the 5% limit notifiable under stock exchange law. It stated that the group consisting of Premafin Finanziaria S.P.A. Rome; Fondiaria-SAI SPA, Florence; Fondiaria Nederland BV, Amsterdam; and Milano Assicurazioni S.P.A., Milan, which had held a 9.93% stake (3 141 026 shares) in Swiss Life Holding on 8 June 2004, no longer held any Swiss Life Holding shares. No further disclosure reports were received in the year under review.
No shareholders are known to Swiss Life Holding whose direct or indirect interest on the balance sheet date (31 December 2006) exceeded the threshold level of 5% of the registered shares in issue requiring notification.
No cross participations exceeding the 5% threshold exist between Swiss Life Holding or its subsidiaries and other listed companies.
Shareholder structure On the balance sheet date a total of 194 578 shareholders and nominees were listed in the Swiss Life share register, of which about 5000 are institutional shareholders. Taken together, the shareholders entered in the share register held over 50% of the shares issued. Around half of these shares were owned by shareholders domiciled in Switzerland; almost a quarter of the registered shares were in private hands.
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