Information for investors and analysts
Details of the share and distribution to shareholders
In 2012, an overall performance of 9.2% was achieved with the Allreal share, based on the market price of 1 January 2012. This performance comprises the price gain (3.4%) and the distribution to shareholders (4.0%) and revenues from the sale of subscription rights for the capital increase (1.8%), while the latter refers to the volume-weighted average price of the subscription rights (7–11 May 2012).
In the past three years, investors obtained an annualised overall performance of 17.1% (2010), 4.3% (2011) and 9.2% (2012) with the Allreal share, corresponding to an average constant return of 11.1% p.a.
On 31 December 2012, the Allreal Group’s market capitalisation stood at CHF 2 248.3 million.
As at the balance sheet date, consolidated equity came to CHF 1 910.7 million, resulting in a premium (difference between the market price and equity per share) of 17.7 percent (31.12.2011: 15.4%).
The Board of Directors will propose to the annual general meeting of 5 April 2013 a distribution of CHF 5.50 (unchanged from the previous year) per registered share in the form of a repayment of reserves from contribution of capital (“capital contribution principle”).
The distribution amounts to 83.4 percent of the net profit excl. profit from revaluation effect, corresponding to a cash yield of 3.9 percent, based on the closing price of the registered share on 31 December 2012.
Share price (indexed)
January 2012–December 2012
Key share data
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|
| 2012 |
| 2011 |
|
|
|
|
|
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Issued share capital on 31 December | CHF million |
| 797.1 |
| 683.2 |
Approved capital on 31 December | CHF million |
| 86.1 |
| 86.1 |
Conditional capital on 31 December | CHF million |
| 134.8 |
| 134.8 |
Issued shares on 31 December | number |
| 15 941 649 |
| 13 664 271 |
Treasury shares on 31 December | number |
| 7 661 |
| 13 463 |
Outstanding shares on 31 December [1] | number |
| 15 933 988 |
| 13 650 808 |
Annual average of outstanding shares [2] | number |
| 15 481 040 |
| 13 902 590 |
Market price high | CHF |
| 149.40 |
| 148.00 |
Market price low | CHF |
| 134.00 |
| 128.00 |
Market price on 31 December (tax value) | CHF |
| 141.10 |
| 136.50 |
Market capitalisation on 31 December [3] | CHF million |
| 2 248.3 |
| 1 863.3 |
Average trading volume per day (on-exchange) |
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[1]Number of shares issued minus treasury shares
[2]Average number of outstanding shares calculated according to IAS 33
[3]Market price on 31 December multiplied by number of outstanding shares on 31 December
Share statistics
Share type | Registered share |
Par value per share | CHF 50 |
Securities number | 883 756 |
SIX symbol | ALLN |
ISIN | CH0008837566 |
Bloomberg | ALLN SW |
Shareholder structure as at 31 December 2012
Number of shares | Number of shareholders | Number of shares | % |
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|
|
|
>478 249 shares (>3%) | 6 | 4 773 206 | 30 |
100 001–478 249 shares | 18 | 4 048 436 | 25 |
10 001–100 000 shares | 98 | 2 614 668 | 16 |
1001–10 000 shares | 419 | 1 214 182 | 8 |
1–1000 shares | 2 499 | 652 595 | 4 |
Total registered | 3 040 | 13 303 087 | 83 |
| |||
Not registered |
| 2 638 562 | 17 |
Total shares |
| 15 941 649 | 100 |
54.6% of the share capital is owned by pension funds and insurance companies and 8.3% by natural persons. A further 20.5% is owned by other legal entities as well as investment funds, foundations and banks. 16.6% of the share capital has not been submitted for registration in the share register. Foreign investors own 3.6% (registered shares).
2.50% bond issue 2011–2016
Allreal Holding AG issued a fixed-rate bond of CHF 150.0 million in the second quarter of 2011. CHF 148.6 million accrued to the company from the issue of the 2.50% bond 2011–2016 with payment date 12 May 2011 after deduction of issuing costs.
Further information on the bond issue can be found on pages 95 and 96 of the Annual Report or in the issue prospectus of 10 May 2011.
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| 2012 |
| 2011 | |
|
|
|
|
| |
Market price high | % |
| 105.80 |
| 106.00 |
Market price low | % |
| 103.35 |
| 101.30 |
Market price on 31 December | % |
| 104.75 |
| 104.25 |
Average volume per recorded |
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Price of 2.50% bond issue 2011–2016 (in percent)
January 2012–December 2012
Amount of convertible bond | CHF 150 million |
Type of bond | Bearer bond |
Par value/denomination | CHF 5 000 |
Issue price | 100.45% |
Coupon | 2.125% p.a., payable annually on 12 May |
Maturity | 5 years |
Repayment | On 12 May 2016 at par |
Securities number | 12 248 748 |
SIX symbol | ALL11 |
ISIN | CH0122487488 |
2.125% convertible bond 2009–2014
In the second half of 2009, a CHF 200.0 million 2.125% convertible bond with a term to maturity of five years was placed through a bookbuilding process. The issuing costs amounted to CHF 4.7 million.
In the preceding years, convertible bonds in the amount of CHF 0.05 million were converted at an exercise price of CHF 138.75 into Allreal registered shares. The outstanding convertible bond thus amounts to CHF 199.95 million par as at 31 December 2012.
|
| 2012 |
| 2011 | |
|
|
|
|
| |
Market price high | % |
| 105.10 |
| 105.35 |
Market price low | % |
| 101.15 |
| 101.80 |
Market price on 31 December | % |
| 104.10 |
| 102.20 |
Average volume per recorded |
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Price of 2.125% convertible bond 2009–2014 (in percent)
January 2012–December 2012
Amount of convertible bond | CHF 199.95 million (originally CHF 200.0 million) |
Type of convertible bond | Bearer bond |
Par value/denomination | CHF 5 000 |
Issue price | 100% |
Coupon | 2.125% p.a., payable annually on 9 October |
Maturity | 5 years |
Repayment | At the latest on 9 October 2014 at par |
Conversion price | CHF 135.89 |
Securities number | 10 553 767 |
SIX symbol | ALL09 |
ISIN | CH0105537671 |