Information for investors and analysts
Details of the share and distribution to shareholders
In 2013, an overall performance of –8.6% was achieved with the Allreal share, based on the market price of 31 December 2012. This performance comprises the decrease in share price (–12.5%) and the distribution to shareholders (3.9%).
In the past three years, investors obtained an annualised overall performance of 4.3% (2011), 9.2% (2012) and 4.3% (2013) with the Allreal share, corresponding to an average constant return of 1.4% p.a.
On 31 December 2013, the Allreal Group’s market capitalisation stood at CHF 1 964.7 million. As at the balance sheet date, consolidated equity came to CHF 1969.3 million, resulting in a premium (difference between the market price and equity per share) of –0.2% (31.12.2012: 17.9%).
The Board of Directors will propose to the annual general meeting of 28 March 2014 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 75.6 % of the net profit excl. profit from revaluation effect, corresponding to a cash yield of 4.5%, based on the closing price of the registered share on 31 December 2013.
Key share data
|
|
| 2013 |
| 2012 |
|
|
|
|
|
|
Issued share capital on 31 December | CHF million |
| 797.1 |
| 797.1 |
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 |
| 15 941 829 |
| 15 941 649 |
Treasury shares on 31 December | number |
| 33 237 |
| 7 661 |
Outstanding shares on 31 December [1] | number |
| 15 908 592 |
| 15 933 988 |
Annual average of outstanding shares [2] | number |
| 15 912 684 |
| 15 481 040 |
Market price high | CHF |
| 141.60 |
| 149.40 |
Market price low | CHF |
| 120.80 |
| 134.00 |
Market price on 31 December (tax value) | CHF |
| 123.50 |
| 141.10 |
Market capitalisation on 31 December [3] | CHF million |
| 1 964.7 |
| 2 248.3 |
Average trading volume per day (on-exchange) | number |
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|
|
|
[1]Number of shares issued minus treasury shares
[2]Average outstanding shares 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 2013
Number of shares | Number | Number | % |
|
|
|
|
>478 254 shares (>3%) | 6 | 4 627 807 | 29 |
100 001–478 254 shares | 19 | 4 242 844 | 26 |
10 001–100 000 shares | 115 | 2 836 526 | 18 |
1001–10 000 shares | 389 | 1 061 152 | 7 |
1–1000 shares | 2 687 | 697 752 | 4 |
Total registered | 3 216 | 13 466 081 | 84 |
| |||
Not registered |
| 2 475 748 | 16 |
Total shares |
| 15 941 829 | 100 |
54.9% of the share capital is owned by pension funds and insurance companies and 9.1% by natural persons. A further 20.5% is owned by other legal entities as well as investment funds, foundations and banks. 15.5% of the share capital has not been submitted for registration in the share register. Foreign investors own 4.3% (registered shares).
2.00% bond issue 2013–2020
Allreal Holding AG issued a fixed rate bond of CHF 150.0 million in the third quarter of 2013. CHF 148.9 million accrued to the company from the issue of the 2.00% bond 2013–2020 with payment date 23 September 2013 after deduction of issuing costs.
Further information on the bond issue can be found on page 105 of the Annual Report or in the issue prospectus of 12 September 2013.
|
| 2013 | |
|
|
| |
Market price high | % |
| 102.15 |
Market price low | % |
| 100.00 |
Market price on 31 December | % |
| 101.90 |
Average volume per recorded trading day (on-exchange) | CHF million |
| 0.28 |
Price of 2.00% bond issue 2013–2020 (in percent)
23 September 2013–December 2013
Amount of bond | CHF 150 million |
Type of bond | Bearer bond |
Par value/denomination | CHF 5 000 |
Issue price | 100.311% |
Coupon | 2.00% p.a., payable annually on 23 September |
Maturity | 7 years |
Repayment | On 23 September 2020 at par |
Securities number | 22 213 665 |
SIX symbol | ALL13 |
ISIN | CH0222136654 |
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 page 105 of the Annual Report or in the issue prospectus of 10 May 2011.
|
| 2013 |
| 2012 | |
|
|
|
|
| |
Market price high | % |
| 106.65 |
| 105.80 |
Market price low | % |
| 103.45 |
| 103.35 |
Market price on 31 December | % |
| 104.50 |
| 104.75 |
Average volume per recorded trading day (on-exchange) | CHF million |
| 0.10 |
| 0.09 |
Price of 2.50% bond issue 2011–2016 (in percent)
January 2013–December 2013
Amount of bond | CHF 150 million |
Type of bond | Bearer bond |
Par value/denomination | CHF 5 000 |
Issue price | 100.45% |
Coupon | 2.50% 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 2.125% convertible bond of CHF 200.0 million with a term of five years was placed through a bookbuilding process. The issuing costs amounted to CHF 4.7 million.
In 2011 and 2013, convertible bonds worth CHF 0.075 million were converted into Allreal registered shares. The outstanding convertible bond thus amounts to CHF 199.925 million par as at 31 December 2013.
Further information on the convertible bond can be found on pages 105 and 106 of the Annual Report or in the issue prospectus of 21 September 2009.
|
| 2013 |
| 2012 | |
|
|
|
|
| |
Market price high | % |
| 104.30 |
| 105.10 |
Market price low | % |
| 101.01 |
| 101.15 |
Market price on 31 December | % |
| 101.10 |
| 104.10 |
Average volume per recorded trading day (on-exchange) | CHF million |
| 0.16 |
| 0.11 |
Price of 2.125% convertible bond 2009–2014 (in percent)
January 2013–December 2013
Amount of convertible bond | CHF 199.925 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 |