21 Capital stock and treasury shares
As at 31 December 2021, the share capital of Geberit AG consists of 35,874,333 ordinary shares with a par value of CHF 0.10 each.
|
|
2021 |
|
2020 |
|
|
pcs. |
|
pcs. |
Issued shares |
|
|
|
|
1 January |
|
37,041,427 |
|
37,041,427 |
Capital reduction |
|
-1,167,094 |
|
0 |
Total issued shares as per 31 December |
|
35,874,333 |
|
37,041,427 |
On 30 April 2020, Geberit AG terminated its share buyback programme, which was started on 6 June 2017. By 30 April 2020, 1,026,094 shares had been repurchased for a total value of MCHF 439.8. When the programme ended, this represented 2.77% of the share capital registered in the Commercial Register.
On 17 September 2020, a new share buyback programme was launched. Shares in an aggregate amount of up to MCHF 500.0 will be repurchased over a maximum period of two years. Based on the closing price of Geberit registered shares on 31 December 2021, this corresponds to around 725,000 registered shares or 2.0% of the share capital currently entered in the Commercial Register. The shares will be repurchased via a separate trading line on the SIX Swiss Exchange for the purpose of a capital reduction. As at 31 December 2021, 344,399 shares had been repurchased for a total value of MCHF 217.4 under this programme.
The General Meeting of 14 April 2021 approved a capital reduction matching the number of shares repurchased under both programmes up until the end of February 2021. The shares were cancelled at the end of June 2021.
|
|
2021 |
|
2020 |
|
|
pcs. |
|
pcs. |
Stock of treasury shares |
|
|
|
|
From share buyback programmes |
|
203,399 |
|
1,120,794 |
Other treasury shares |
|
510,638 |
|
295,040 |
Total treasury shares |
|
714,037 |
|
1,415,834 |
The entire stock of treasury shares on 31 December 2021 amounted to 714,037 (PY: 1,415,834) with a carrying amount of MCHF 434.4 (PY: MCHF 624.0). Treasury shares are deducted from equity at historical cost.
For transactions in connection with the participation plans, see Note 17.