Chart

6 Shareholders’ equity

6.1 Changes in shareholders’ equity

 

 

Share capital

Legal capital reserve (capital contribution reserve)

General legal retained earnings

Voluntary retained earnings

Total share-
holders’ equity

CHF 1,000

 

 

 

 

 

Balance at January 1, 2020

 1,187 

 78,824 

 1,000 

 216,325 

 297,336 

 

 

 

 

 

 

Net profit

 - 

 - 

 - 

 20,850 

 20,850 

Dividend paid

 - 

 (13,121) 

 - 

 (13,121) 

 (26,242) 

New shares issued based on 
employee participation plans
(conditional share capital increase)

 9 

 24,418 

 - 

 - 

 24,427 

 

 

 

 

 

 

Balance at December 31, 2020

 1,196 

 90,121 

 1,000 

 224,054 

 316,371 

 

 

 

 

 

 

Net profit

 - 

 - 

 - 

 18,490 

 18,490 

Dividend paid

 - 

 (13,806) 

 - 

 (13,806) 

 (27,612) 

New shares issued based on 
employee participation plans 

(conditional share capital increase)

 7 

 27,953 

 - 

 - 

 27,960

Authorized share capital increase

 65 

 357,435 

 - 

 - 

 357,500 

Transaction costs

 - 

 (5,838) 

 - 

 - 

 (5,838) 

 

 

 

 

 

 

Balance at December 31, 2021

 1,268 

 455,865 

 1,000 

 228,738 

 686,871 

The Company’s share capital is CHF 1,267,810.80, consisting of 12’678’108 registered shares with a nominal value of CHF 0.10 each (2020: share capital of CHF 1,195,884.50 consisting of 11,958,845 registered shares with a nominal value of CHF 0.10 each). 

The amount of the legal capital reserve (capital contribution reserve) is subject to review and confirmation by the Swiss federal tax authorities. 

 

6.2 CONDITIONAL AND AUTHORIZED SHARE CAPITAL

 

31.12.2020

31.12.2021

Conditional share capital

 

 

Reserved for employee participation plans

 

 

 Shares (with a nominal value of CHF 0.10 each)

 344,367 

 275,104 

CHF

 34,437 

 27,510 

 

 

 

Maximum of employee share options and employee shares outstanding

 178,391 

 143,141 

 

 

 

Reserved for future business development

 

 

Shares (with a nominal value of CHF 0.10 each)

 1,800,000 

 1,800,000 

CHF

 180,000 

 180,000 

 

 

 

Authorized share capital

 

 

Reserved for future business development

 

 

Expiry date

 17.04.2022 

 17.04.2022 

Shares (with a nominal value of CHF 0.10 each)

 2,300,000 

 1,650,000 

CHF

 230,000 

 165,000 

In 1997, a conditional share capital of CHF 130,000 reserved for employee participation plans was approved. The conditional share capital consisted of 1,300,000 registered shares with a nominal value of CHF 0.10 each. Since 1999, several employee participation plans have been introduced based on this conditional share capital. Between February 2011 and June 2015 the employee participation plans were funded with treasury shares. In 2021 a total of 20,139 options (share option plans) were exercised and 49,124 shares transferred (share plans), increasing the Company’s share capital by CHF 6,926 and decreasing the Company’s conditional share capital by 69,263 shares (2020: a total of 25,935 options were exercised and 61,998 shares transferred, increasing the share capital by CHF 8,793 and decreasing the conditional share capital by 87,933 shares). 

 

On April 26, 2006 and on April 7, 2020, the Annual General Meeting of Shareholders approved the creation of additional conditional and authorized share capital for the purpose of future business development. In September 2021, the Company placed 650,000 shares from the authorized share capital in a private placement by way of an accelerated bookbuilding process. The net proceeds were used to partly refinance the acquisition of Paramit Group.

 

The Articles of Incorporation of Tecan Group Ltd. require that the existing conditional share capital for future business development shall be reduced if and to the extent authorized capital is used and that the authorized capital shall be reduced if and to the extent new shares are created under the respective conditional capital. Therefore and due the placement of 650,000 shares from the authorized share capital in September 2021, the available conditional capital for future business development, is 650,000 lower than the 1,800,000 shares provided for in the commercial register. The conditional share capital for employee participation plans is not affected by this rule.

EN DE