UBS AG standalone financial statements
(audited)
UBS AG shares
The 2023 Annual General
Meeting of UBS AG
approved a change
of the share
capital currency from
the Swiss franc to
the US dollar, resulting in a slight reduction to the nominal value per share to USD 0.10 (from CHF 0.10 previously), with
the amount of the reduction
allocated to the
Capital contribution reserve
. As a consequence of the change
in the share
capital
currency,
the
capital
contribution
reserve
was
also
converted
from
Swiss
francs
to
US
dollars,
resulting
in
an
increase,
with the
offset
recorded
in the
Other statutory
capital reserve
. Total
equity reported
for UBS
AG standalone
was not affected by these changes.
As of 31 December 2023,
UBS AG’s share capital
of USD 386m (CHF 386m
as of 31 December 2022)
consisted of fully
paid-up registered issued shares with
a nominal value each of
USD 0.10 (CHF 0.10 as of 31 December 2022),
which each
entitle the holder to one vote at
the meeting of the shareholders of UBS AG,
if entered into the share register
as having
the
right
to
vote,
as
well
as
a
proportionate
share
of
distributed
dividends.
UBS
AG’s
shares
are
not
subject
to
any
restrictions or limitations on their transferability.
As of 31 December 2023, shares issued by UBS AG
totaled 3,858,408,466 shares (unchanged from 31 December 2022).
The shares were all dividend bearing and held by UBS Group
AG.
Additionally, as of 31 December 2023, 380,000,000 registered shares with a
nominal value of USD 0.10 each (CHF 0.10
as
of
31 December
2022)
were
available
to
be
issued
out
of
conditional
capital
through
the
voluntary
or
mandatory
exercise
of
conversion
rights
and
/
or
warrants
granted
in
connection
with
the
issuance
of
bonds
or
similar
financial
instruments on national or international capital markets.
Non-distributable reserves
Non-distributable reserves
consist of
50% of
the share
capital of
UBS AG,
amounting to
USD 193m (CHF 190m)
as of
31 December 2023 (USD 197m (CHF 193m) as of 31
December 2022).
Note 21b
Significant shareholders
The sole direct shareholder of UBS AG is UBS Group AG, which holds 100% of UBS AG shares. These shares are entitled
to voting
rights. Indirect shareholders of
UBS AG
included in
the table below
are the direct
shareholders of UBS Group AG
(acting in their own name or
in their capacity as nominees for
other investors or beneficial owners) that
were registered
in the UBS Group AG share register with
3% or more of the share capital of UBS Group
AG as of 31 December 2023 or
as of 31 December
2022. The
shares and
share capital
of UBS AG
held by
indirect shareholders,
as shown
in the
table
below, represent
their relative holding of UBS Group
AG shares. They do not have voting rights in UBS
AG.
31.12.23
31.12.22
USD m, except where indicated
Share capital held
Shares held (%)
Share capital held
Shares held (%)
Significant direct shareholder of UBS AG
386
100
393
100
Significant indirect shareholders of UBS AG
DTC (Cede & Co.), New York
1
29
7
28
7
Nortrust Nominees Ltd., London
15
4
17
4
Chase Nominees Ltd., London
34
9
1 DTC (Cede & Co.), New York, “The
Depository Trust Company,”
is a US securities clearing organization.
31.12.23
31.12.22
CHF m, except where indicated
Share capital held
Shares held (%)
Share capital held
Shares held (%)
Significant direct shareholder of UBS AG
380
100
386
100
Significant indirect shareholders of UBS AG
DTC (Cede & Co.), New York
1
28
7
27
7
Nortrust Nominees Ltd., London
15
4
17
4
Chase Nominees Ltd., London
33
9
1 DTC (Cede & Co.), New York, “The
Depository Trust Company,”
is a US securities clearing organization.