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.

ListingSIX Swiss Exchange (International Reporting Standard)
Ticker symbolVACN
Swiss security number31 186 490
ISINCH 031 186490 1
Share capitalCHF 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) so long as the Group’s net debt does not significantly exceed 1x EBITDA.

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 from

accumulated gains

Dividend per share paid from capital

contribution reserves

2021

May 25, 2021

CHF 2.25

CHF 2.25

2020

May 20, 2020

CHF 2.00

CHF 2.00

2019

May 22, 2019

-

CHF 4.00

2018

May 24, 2018

-

CHF 4.00

2017

May 23, 2017

-

CHF 4.00

Major Shareholders

On December 31, 2018 the VAT Group AG had about 15'000 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. Under this approach, VAT Group AG maintains a syndicated five-year revolving credit facility (RCF) of USD 300.0 million maturing in 2023 and has issued a fixed-rate bond with a nominal value of CHF 200.0 million, which is listed on the SIX Swiss Exchange (ISIN: CH0417086052) maturing in 2023 as well.

Loans and borrowings

The terms and conditions of outstanding loans are as follows:

As of December 31, 2021
In CHF thousand

Currency

Nominal interest rate

Year of maturity

Carrying amount

Revolving credit facility (RCF)

CHF

SARON + 0.95%

2023

0

Fixed-rate bond

CHF

1.50%

2023

199,716

Finance lease liability

 

 

 

7,226

Total loans and borrowings

 

 

 

206,942

Thereof:

 

 

 

 

Current

 

 

 

2,105

Non-current

 

 

 

204,837

Credit Rating

Rating Agency

Date of rating

Long term rating

Outlook

Moody's

July 22, 2021

Ba2

stable

Standard & Poors

May 20, 2021

BB1

stable