As at 31 December 2024, 19 190 000 (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 2.4 million as at 31 December 2024 (previous year: CHF 2.5 million).
The following table shows transactions and balances relating to treasury shares:
Quantity | Transaction price (Ø) in CHF | Purchase cost | Quantity | Transaction price (Ø) in CHF | Purchase cost | |||||||
2024 | 2023 | |||||||||||
Balance at 1.1. | 1 748 640 | 82 379 | 1 655 799 | 75 231 | ||||||||
Purchases of treasury shares | 22 300 | 73.54 | 1 640 | 115 941 | 77.27 | 8 959 | ||||||
Disposals of treasury shares | (24 300) | 68.81 | (1 672) | (23 100) | 78.39 | (1 811) | ||||||
Cancellation by means of capital reduction | (1 010 000) | 80.61 | (81 417) | – | – | – | ||||||
Balance at 31.12. | 736 640 | 930 | 1 748 640 | 82 379 | ||||||||
Out of the total purchases of treasury shares of 22 300 (previous year: 115 941), in 2024, 22 300 treasury shares were purchased for remuneration purposes (previous year: 34 025). In addition, in 2023, 81 916 treasury shares were purchased as part of the share buyback programme.
Following approval by the Annual General Meeting on 27 March 2024, the shares acquired as part of the share buyback programme completed in March 2023 have been cancelled by means of a capital reduction. In total 1 010 000 treasury shares were purchased back at an average share price of CHF 80.61, amounting to CHF 81.4 million.
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 directly hold no shares in HUBER+SUHNER AG.