Geschäftsbericht 2022

Geschäftsbericht 2022

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21. Capital stock and treasury shares

As at 31 December 2022, the share capital of Geberit AG consists of 35,874,333 ordinary shares with a par value of CHF 0.10 each.

 

 

2022

 

2021

 

 

pcs.

 

pcs.

Issued shares

 

 

 

 

1 January

 

35,874,333

 

37,041,427

Capital reduction

 

0

 

-1,167,094

Total issued shares as per 31 December

 

35,874,333

 

35,874,333

On 16 June 2022, Geberit AG terminated its share buyback programme, which was started on 17 September 2020. By 16 June 2022, 826,251 shares in the amount of MCHF 500.0 – corresponding to 2.3% of the share capital currently entered in the Commercial Register – were repurchased under this programme. The share buyback was conducted via a separate trading line on the SIX Swiss Exchange for the purpose of a capital reduction. 141,000 of the repurchased shares were already cancelled in 2021. The submission of a proposal for the cancellation of the remaining repurchased shares is planned for the next General Meeting.

On 20 June 2022, a new share buyback programme was launched. Shares amounting to a maximum of MCHF 650.0 will be repurchased over a maximum period of two years. Based on the closing price of Geberit registered shares on 31 December 2022, this corresponds to around 1,450,000 registered shares or 4.0% 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 2022, 627,600 shares had been repurchased for a total value of MCHF 286.4 under this programme.

 

 

2022

 

2021

 

 

pcs.

 

pcs.

Stock of treasury shares

 

 

 

 

From share buyback programme 2020–2022

 

685,251

 

203,399

From share buyback programme 2022–2024

 

627,600

 

0

Total from share buyback programmes

 

1,312,851

 

203,399

Other treasury shares

 

632,351

 

510,638

Total treasury shares

 

1,945,202

 

714,037

The entire stock of treasury shares on 31 December 2022 amounted to 1,945,202 (PY: 714,037) with a carrying amount of MCHF 1,075.7 (PY: MCHF 434.4). Treasury shares are deducted from equity at historical cost.

For transactions in connection with the participation plans, see Note 17.