13   Share capital

As at the balance sheet cut-off date, the share capital of Allreal Holding AG comprises 15 941 829 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:

Shares issued

Treasury shares

Outstanding shares

 

 

 

 

13 664 271

13 463

13 650 808

2 277 378

 

 

 

280 698

 

 

–285 572

 

 

–928

 

15 941 649

7 661

15 933 988

 

 

 

 

15 941 649

7 661

15 933 988

180

 

 

 

89 146

 

 

-66 054

 

 

–470

 

15 941 829

30 283

15 911 546

On 30 June 2013, Allreal held 30 283 treasury shares (31.12.2012: 7 661 shares). The average purchase price per share stands at CHF 135.63 (31.12.2012: CHF 138.04). 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 28 March 2014 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 200.0 million by issuing up to 4 000 000 registered shares each with a par value of CHF 50 (authorised capital). In May 2012, the authorised capital was reduced by CHF 113.9 million from CHF 200.0 million to CHF 86.1 million (as at 30 June 2013).

For the purpose of issuing convertible bonds, warrant bonds or other financial instruments, the annual general meeting of 31 March 2006 created – excluding the subscription rights of shareholders – 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. 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 2013) following the conversion of convertible bonds into shares.

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 purposes 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 5 April 2013 voted in favour of making a distribution of CHF 5.50 per share, corresponding to a total amount of CHF 87.6 million, in the form of a repayment of reserves from contribution of capital.

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