17. Share and Participation Capital
|
|
Number of registered shares1 |
|
Number of participation certificates2 |
|
Registered shares |
|
Participation certificates |
|
Total |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
As at January 1, 2021 |
|
135,552 |
|
1,044,146 |
|
13.6 |
|
10.4 |
|
24.0 |
||||||
Capital increase |
|
– |
|
22,418 |
|
– |
|
0.2 |
|
0.2 |
||||||
Capital decrease (destruction) |
|
– |
|
– |
|
– |
|
– |
|
– |
||||||
As at December 31, 2021 |
|
135,552 |
|
1,066,564 |
|
13.6 |
|
10.6 |
|
24.2 |
||||||
Capital increase |
|
– |
|
14,962 |
|
– |
|
0.1 |
|
0.1 |
||||||
Capital decrease (destruction) |
|
– 453 |
|
– 37,570 |
|
– 0.1 |
|
– 0.3 |
|
– 0.4 |
||||||
As at December 31, 2022 |
|
135,099 |
|
1,043,956 |
|
13.5 |
|
10.4 |
|
23.9 |
||||||
|
||||||||||||||||
The conditional capital has a total of 325,945 participation certificates (340,907 in prior year) with a par value of CHF 10. Of this total, 171,495 (186,457 in prior year) are reserved for employee stock option programs; the remaining 154,450 participation certificates (154,450 in prior year) are reserved for capital market transactions. There is no other authorized capital. In 2022, a total of 14,962 (22,418 in prior year) of the employee options were exercised at an average price of CHF 5,599 (CHF 5,382 in prior year). The participation certificate has no voting right, but otherwise has the same ownership rights as the registered share.
The number of own registered shares and participation certificates (treasury stock) is as follows:
|
|
2022 |
|
2021 |
||||
|---|---|---|---|---|---|---|---|---|
|
|
Registered |
|
Participation certificates |
|
Registered |
|
Participation certificates |
Inventory as at January 1 |
|
667 |
|
37,570 |
|
377 |
|
– |
Retirements |
|
– 9 |
|
– |
|
– 163 |
|
– |
Share buy-back program |
|
376 |
|
50,544 |
|
453 |
|
37,570 |
Capital decrease (destruction) |
|
– 453 |
|
– 37,570 |
|
– |
|
– |
Inventory as at December 31 |
|
581 |
|
50,544 |
|
667 |
|
37,570 |
|
|
|
|
|
|
|
|
|
Average sales price of retirements (CHF) |
|
100,299 |
|
– |
|
89,054 |
|
– |
Average cost of share buy-back program (CHF) |
|
104,752 |
|
10,204 |
|
106,203 |
|
10,560 |
Average cost of capital decrease (CHF) |
|
106,203 |
|
10,560 |
|
– |
|
– |