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.