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 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:
Number of shares | Shares | Treasury | Outstanding |
| |||
2015 |
|
|
|
As at 1 January | 15 942 821 | 1 568 | 15 941 253 |
Purchase treasury shares |
| 205 499 |
|
Sale treasury shares |
| –172 454 |
|
Share-based reimbursement |
| –1 393 |
|
As at 31 December | 15 942 821 | 33 220 | 15 909 601 |
| |||
2016 |
|
|
|
As at 1 January | 15 942 821 | 33 220 | 15 909 601 |
Purchase treasury shares |
| 59 058 |
|
Sale treasury shares |
| –83 828 |
|
Share-based reimbursement |
| –621 |
|
As at 30 June | 15 942 821 | 7 829 | 15 934 992 |
On 30 June 2016, Allreal held 7829 treasury shares (31.12.2015: 33 220 shares). The average purchase price per share stands at CHF 134.15 (31.12.2015: CHF 134.38). 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 15 April 2018 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 50.0 million by issuing up to 1 000 000 registered shares each with a par value of CHF 50 (authorised capital).
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 2016) following the conversion of convertible bonds into shares in previous years.
Further, Allreal Holding AG has conditional capital of CHF 10.0 million (200 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 15 April 2016 voted in favour of making a distribution of CHF 5.75 per share, corresponding to a total amount of CHF 91.6 million, in the form of a repayment of reserves from contribution of capital.