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 1.00 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 | |||
2018 | ||||||
As at 1 January | 15 942 821 | 29 528 | 15 913 293 | |||
Purchase treasury shares | 228 316 | |||||
Sale treasury shares | –199 596 | |||||
Share-based reimbursement | –1 193 | |||||
As at 31 December | 15 942 821 | 57 055 | 15 885 766 | |||
| ||||||
As at 1 January | 15 942 821 | 57 055 | 15 913 293 | |||
Purchase treasury shares | 221 | |||||
Sale treasury shares | –114 | |||||
Share-based reimbursement | –1 424 | |||||
As at 30 June | 15 942 821 | 55 738 | 15 887 083 |
On 30 June 2019, Allreal held 55,738 treasury shares (31.12.2018: 57,055 shares). The average purchase price per share stands at CHF 155.35 (31.12.2018: CHF 155.35). 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 20 April 2020 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 1,000,000 by issuing up to 1,000,000 registered shares each with a par value of CHF 1.00 (authorised capital).
For the purpose of issuing convertible bonds, warrant bonds or other financial instruments, there exists – excluding the subscription rights of shareholders – conditional capital of up to CHF 2.5 million through the issue of up to 2,495,763 registered shares with a par value of CHF 1.00 each. Bearers of the convertible and /or warrant bonds are entitled to subscribe to the new shares.
Further, Allreal Holding AG has conditional capital of CHF 200,000 (200,000 registered shares at a nominal value of CHF 1.00 each) at its unrestricted 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 12 April 2019 voted in favour of making a distribution of CHF 6.50 per share, corresponding to a total amount of CHF 103.3 million, in the form of a repayment of reserves from contribution of capital.