Annual Report 2022

Group structure and Shareholders

Group structure

The Lindt & Sprüngli Group is a globally operating Group with activities in the area of developing, producing, and selling chocolate products in the premium quality segment. The holding company, Chocoladefabriken Lindt & Sprüngli AG, with headquarters in Kilchberg ZH, is listed on the SIX Swiss Exchange. The market capitalization, based on 2022 year-end prices, amounts to approx. CHF 22.7 billion.

The management structure of the Group is lean. While the Board of Directors handles management, strategy, and supervisory duties at the highest level, the CEO, as supported by the Executive Chairman, and the Group Management members are responsible for operational management tasks. The Board of Directors elects a Vice-Chair from among its members and it may designate an experienced, independent member of the Board of Directors as Lead Independent Director in order to support adequate control mechanisms, if deemed appropriate and in the best interests of the Group. The Board of Directors is further supported by Committees in specific areas.

In addition to the Articles of Association, the regulations governing the organization, duties and composition of the Board of Directors, including the Executive Chairman and the Lead Independent Director (if appointed), the Committees of the Board of Directors, the CEO and the Group Management, namely the Organizational Regulations and the Committee Charters, are available on the website of Chocoladefabriken Lindt & Sprüngli AG.

The consolidation scope of Chocoladefabriken Lindt & Sprüngli AG includes national and international non-listed subsidiaries as set out in the notes to the consolidated financial statements, along with details about these companies, such as name, domicile, share capital, participation, etc.

Chocoladefabriken Lindt & Sprüngli AG holds no interests in listed companies within its consolidation scope.

Major shareholders

Pursuant to a disclosure notification as of August 30, 2017, BlackRock Inc., New York, as parent company has a shareholding of 6,063 registered shares (with respect to 1,092 of the 6,063 registered shares, it has the right to exercise the voting rights at its own discretion) or 4.49% of the company’s share capital. According to the share register of Chocoladefabriken Lindt & Sprüngli AG as of December 31, 2022, the “Fonds für Pensionsergänzungen der Chocoladefabriken Lindt & Sprüngli AG”, the “Finanzierungsstiftung für die Vorsorgeeinrichtungen der Chocoladefabriken Lindt & Sprüngli AG”, the “Lindt Cocoa Foundation”, and the “Lindt Chocolate Competence Foundation”, all in Kilchberg ZH, held, as a group, a total of 27,934 registered shares corresponding to 20.68% of the share capital and the voting rights of the company (according to the last disclosure as of November 25, 2013 the group held 29,143 registered shares respectively 21.32% of the share capital and the voting rights).

During the reporting year, no disclosure notices were published on the official notices page of the SIX Swiss Exchange platform. Details and disclosures of previous years can be found on the official notices page of SIX Swiss Exchange website.

Chocoladefabriken Lindt & Sprüngli AG has no cross shareholdings.