12 Share capital
As at the balance sheet cut-off date, the share capital of Allreal Holding AG comprises 15,942,821 registered shares with a par value of CHF 50 each. Each share carries one vote and confers entitlement to attend the general meeting if entered in the share register.
Shareholdings developed as follows:
Number of shares | Shares issued | Treasury shares | Outstanding shares | |||
2016 | ||||||
As at 1 January | 15 942 821 | 33 220 | 15 909 601 | |||
Purchase treasury shares | 130 555 | |||||
Sale treasury shares | –150 713 | |||||
Share-based reimbursement | –1 062 | |||||
As at 31 December | 15 942 821 | 12 000 | 15 930 821 | |||
| ||||||
As at 1 January | 15 942 821 | 12 000 | 15 930 821 | |||
Purchase treasury shares | 68 612 | |||||
Sale treasury shares | –67 080 | |||||
Share-based reimbursement | –502 | |||||
As at 30 June | 15 942 821 | 13 030 | 15 929 791 |
On 30 June 2017, Allreal held 13,030 treasury shares (31.12.2016: 12,000 shares). The average purchase price per share stands at CHF 176.40 (31.12.2016: CHF 134.15). The total purchase price is deducted from consolidated equity.
The Board of Directors is authorised by the annual general meeting to increase the share capital – excluding the subscription rights of shareholders as applicable – until 15 April 2018 to acquire businesses, business units, participating interests or real estate through an exchange of shares, for financing or refinancing the acquisition of businesses, business units, participating interests or investment projects, or for the purpose of an international placement of shares worth up to CHF 50.0 million by issuing up to 1,000,000 registered shares each with a par value of CHF 50 (authorised capital).
For the purpose of issuing convertible bonds, warrant bonds or other financial instruments, the annual general meeting of 31 March 2006 created conditional capital of up to CHF 125.0 million through the issue of up to 2,500,000 registered shares with a par value of CHF 50 each and with the exclusion of shareholders’ subscription rights. Bearers of the convertible and/or warrant bonds are entitled to subscribe to the new shares. This conditional capital decreased by CHF 0.2 million to CHF 124.8 million (as at 30 June 2017) following the conversion of convertible bonds into shares in previous years.
Further, Allreal Holding AG has conditional capital of CHF 10.0 million (200,000 registered shares at a par value of CHF 50 each) at its disposal for the purpose of issuing options to the members of the Board of Directors and management. This conditional capital has not been drawn on.
The annual general meeting of Allreal Holding AG of 21 April 2017 voted in favour of making a distribution of CHF 5.75 per share, corresponding to a total amount of CHF 91.6 million, in the form of a repayment of reserves from contribution of capital.