11 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 | |||
2019 | ||||||
As at 1 January | 15 942 821 | 57 055 | 15 913 293 | |||
Purchase treasury shares | 254 | |||||
Sale treasury shares | –10 177 | |||||
Share-based reimbursement | –1 424 | |||||
As at 31 December | 15 942 821 | 45 708 | 15 897 113 | |||
| ||||||
As at 1 January | 15 942 821 | 45 708 | 15 897 113 | |||
Purchase treasury shares | – | |||||
Sale treasury shares | –1 191 | |||||
Share-based reimbursement | –1 392 | |||||
As at 30 June | 15 942 821 | 43 125 | 15 899 696 |
On 30 June 2020, Allreal held 43,125 treasury shares (31.12.2019: 45,708 shares). The average purchase price per share stands at CHF 155.40 (31.12.2019: HF 155.40). 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 24 April 2022 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 1,000,000 through the issue of up to 1,000,000 registered shares with a nominal 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 0.2 million (200,000 registered shares at a par value of CHF 1.00 each) at its disposal for the purpose of issuing options to the members of the Board of Directors and management.
The annual general meeting of Allreal Holding AG of 24 April 2020 voted in favour of a distribution of CHF 6.75 per share, corresponding to a total amount of CHF 107.3 million. Of this amount, CHF 3.25 per share was paid out in the form of a repayment of reserves from contribution of capital and CHF 3.50 per share as a dividend.