As at 31.12 2023, 20 200 000 (previous year: 20 200 000) registered shares, with a nominal value of CHF 0.25, were outstanding. The Company has no authorised or conditional capital. Reserves which are not disposable or distributable amount to CHF 2.5 million as at 31 December 2023 (previous year: CHF 2.5 million).
The following table shows transactions and balances relating to treasury shares:
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Quantity |
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Trans- action price (Ø) in CHF |
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Pur- chase cost |
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Quantity |
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Trans- action price (Ø) in CHF |
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Pur- chase cost |
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2023 |
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2022 |
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Balance at 1.1. |
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1 655 799 |
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75 231 |
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893 140 |
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13 834 |
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Purchases of treasury shares |
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115 941 |
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77.27 |
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8 959 |
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786 584 |
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80.27 |
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63 140 |
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Disposals of treasury shares |
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(23 100) |
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78.39 |
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(1 811) |
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(23 925) |
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72.89 |
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(1 744) |
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Balance at 31.12. |
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1 748 640 |
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82 379 |
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1 655 799 |
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75 231 |
Out of the total purchases of treasury shares of 115 941 (previous year: 786 584), in 2023 81 916 (previous year: 786 584) treasury shares have been purchased as part of the share buyback programme and 34 025 treasury shares for remuneration purposes (previous year: 0).
In total 1 010 000 treasury shares have been purchased as part of the share buyback programme, at an average share price of CHF 80.61, amounting to CHF 81.4 million, which are 5.0 % of registered shares. Per 30 March 2023 the share buyback programme, launched in October 2021, has been completed. The shares acquired under this programme will be proposed for cancellation by means of capital reduction at the next Annual General Meeting on 27 March 2024.
As at the balance sheet date, foundations related to the HUBER+SUHNER Group hold 274 716 shares in HUBER+SUHNER AG (previous year: 274 716). Pension funds connected with the HUBER+SUHNER Group hold no shares in HUBER+SUHNER AG.