21. Capital stock and treasury shares
As at 31 December 2024, the share capital of Geberit AG consists of 35,189,082 ordinary shares with a par value of CHF 0.10 each.
|
|
2024 |
|
2023 |
|---|---|---|---|---|
|
|
pcs. |
|
pcs. |
Issued shares |
|
|
|
|
1 January |
|
35,189,082 |
|
35,874,333 |
Capital reduction |
|
0 |
|
-685,251 |
Total issued shares as per 31 December |
|
35,189,082 |
|
35,189,082 |
On 20 June 2024, Geberit AG concluded its share buyback programme, which was started on 20 June 2022. By 20 June 2024, 1,266,678 registered shares in the amount of MCHF 600.0 – corresponding to 3.6% of the share capital 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.
On 2 September 2024, a new share buyback programme was launched. Shares amounting to a maximum value of MCHF 300.0 will be repurchased over a maximum period of two years. Based on the closing price of Geberit registered shares on 31 December 2024, this corresponds to around 580,000 registered shares or 1.6% 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 2024, 84,167 shares had been repurchased for a total value of MCHF 44.7 under this programme.
|
|
2024 |
|
2023 |
|---|---|---|---|---|
|
|
pcs. |
|
pcs. |
Stock of treasury shares |
|
|
|
|
From share buyback programme 2024–2026 |
|
84,167 |
|
0 |
From share buyback programme 2022–2024 |
|
1,266,678 |
|
1,120,750 |
Total from share buyback programmes |
|
1,350,845 |
|
1,120,750 |
Other treasury shares |
|
900,744 |
|
769,215 |
Total treasury shares |
|
2,251,589 |
|
1,889,965 |
The entire stock of treasury shares on 31 December 2024 amounted to 2,251,589 (PY: 1,889,965) with a carrying amount of MCHF 1,143.1 (PY: MCHF 955.6). Treasury shares are deducted from equity at historical cost.
For transactions in connection with the participation plans, see Note 17.