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Shares & Debt
VAT’s registered shares have been listed on the SIX Swiss Exchange in April 2016. In this section, you find general information on VAT’s share price development, the ticker symbol or the Swiss security number, VAT’s dividend history and its major shareholders. In addition, you find important debt-related information as well.
VAT Share Price
VAT Shares
Since 14 April 2016 the VAT Group AG is listed on the SIX Swiss Exchange.
| Listing | SIX Swiss Exchange (International Reporting Standard) |
| Ticker symbol | VACN |
| Swiss security number | 31 186 490 |
| ISIN | CH 031 186490 1 |
| Share capital | CHF 3'000'000 divided into 30’000'000 registered shares with a nominal value of CHF 0,10 each |
Dividend Policy and History
VAT Group AG is committed to an attractive dividend policy that reflects the company’s strong free cash flow generation and solid balance sheet. In line with this policy, VAT Group intends to distribute to its shareholders up to 100% of free cash flow to equity (FCFE).
Since its listing in April 2016, VAT has always paid a dividend to its shareholders, starting in 2017 for the business year 2016.
Fiscal year | Payment date | Dividend per share paid fromaccumulated gains | Dividend per share paid from capitalcontribution reserves |
|---|---|---|---|
| 2023 | May 21, 2024 | CHF 6.25 | – |
| 2022 | May 23, 2023 | CHF 6.25 | – |
| 2021 | May 23, 2022 | CHF 5.25 | CHF 0.25 |
2020 | May 25, 2021 | CHF 2.25 | CHF 2.25 |
2019 | May 20, 2020 | CHF 2.00 | CHF 2.00 |
2018 | May 22, 2019 | – | CHF 4.00 |
2017 | May 24, 2018 | – | CHF 4.00 |
2016 | May 23, 2017 | – | CHF 4.00 |
Major Shareholders
On December 31, 2022 the VAT Group AG had about 20’000 registered shareholders. The free float according to SIX Swiss Exchange amounts to approx. 90%.
A complete list of disclosures of shareholdings can be found on the website of SIX Swiss Exchange: SIX Swiss Exchange. To display the information, please fill in VAT Group AG in the search field ‘Company’.
VAT Debt Structure
VAT follows a prudent debt policy reflecting its business dynamics and the cash generation profile of its activities. At the end of 2022, VAT replaced the existing syndicated five-year revolving credit facility (RCF) of USD 300 million maturing in 2023 with a syndicated five-year RCF of CHF 250 million and entered into a loan agreement over a committed two-year CHF 200 million senior term loan facility. This term loan was drawn in May 2023 to repay the maturing fixed-rate bond with a nominal value of CHF 200 million.
Loans and borrowings
The terms and conditions of outstanding loans are as follows:
As of December 31, 2023 | Currency | Nominal interest rate1 | Year of maturity | Carrying amount |
|---|---|---|---|---|
| Revolving loan facility | CHF | SARON + 0.85% | 2027 | 0 |
| Term loan facility | CHF | SARON + 0.90% | 2025 | 198,982 |
| Lease liability |
|
|
| 8,324 |
| Total loans and borrowings |
|
|
| 207,306 |
| Thereof: |
|
|
|
|
| Current |
|
|
| 201,053 |
| Non-current |
|
|
| 6,253 |
1 Margin applicable at year end.
Credit Rating
Rating Agency | Date of rating | Long term rating | Outlook |
|---|---|---|---|
| Moody's | December 22, 2023 | Ba2 | positive |
| Standard & Poors | May 20, 2021 | BB1 | stable |