Moving RhB forward
Rhaetian Railway Inc is constituted as a joint stock company under private law in accordance with Art. 620 et seq. of the Swiss Code of Obligations (OR). The canton of Graubünden and the Swiss Confederation are its main shareholders.
The objects and organisation of the company are set forth in the Articles of Association of the Rhaetian Railway. The Railways Act (EBG) sets out the rules governing organisation and accounting. This federal act and the act governing public transport in the Swiss canton of Graubünden also include the legal basis for the granting of operating and investment contributions to Rhaetian Railway.
The share capital amounts to CHF 57,957,000 and is divided into 7,394 ordinary shares with a nominal value of CHF 500 each and 108,520 preference shares with a nominal value of CHF 500 each. All shares are registered and fully paid-in. Each share entitles its holder to one vote at the general meeting. There are no restrictions regarding the transferability of Rhaetian Railway shares.
The shareholder structure is as follows:
51.3%: Canton of Graubünden
1.0%: Local authorities within Graubünden
4.6%: Private individuals / companies
Rhaetian Railway holds 50% of the shares in Glacier Express AG, domiciled in Andermatt, and 50% of the shares in Panoramic Gourmet AG, domiciled in Chur.
The general meeting is the company's supreme governing body. The ordinary general meeting takes place once a year, within six months of the end of the financial year. Notice of the meeting is given no later than 20 days before the scheduled date. The official publications are the Swiss Official Gazette of Commerce and the Official Gazette of the Canton of Graubünden. The duties and powers of the general meeting and the participation rights of the shareholders are set forth in the articles of association.