1.1 Group structure
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 capitalization, Swiss securities identification number and ISIN code, please refer to “Geberit share information”.
The Group’s consolidated subsidiaries are listed in Note 34, Group companies as of December 31, 2014 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.
1.2 Significant shareholders
The significant shareholders within the meaning of Art. 663c of the Swiss Code of Obligations (Schweizerisches Obligationenrecht, OR) listed at right were entered in the company’s share register on December 31, 2014, as holding more than 3% of the voting rights or share capital recorded in the Commercial Register.
In 2014, the company shareholders listed at right also reported shareholdings of 3% or more or a reduction in their shareholdings to below 3% of the voting rights or share capital of the company recorded in the Commercial Register.
Disclosure notifications reported to Geberit during 2014 and published by Geberit via the electronic publishing platform of SIX Swiss Exchange can be viewed at: www.six-exchange-regulation.com/obligations/disclosure/major_shareholders_en.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%.
1.4 Important changes to the Articles of Incorporation
As a consequence of the required amendments to conform to the Ordinance against Excessive Compensation with respect to Listed Companies (OaEC), votes were held this year on numerous amendments to the Articles of Incorporation. The Board of Directors decided to already implement the new rules in the Articles of Incorporation this year as completely as possible, even where the new law would provide for a longer transitional period. The various proposed amendments to the Articles of Incorporation were divided up into two agenda items and put to a vote. The shareholders agreed with the proposals submitted by the Board of Directors and approved the two agenda items.