Chart

6 Shareholders’ equity

 

6.1 Changes in shareholders’ equity

 

CHF 1,000

Share capital

Legal capital reserve (capital contribution reserve)

General legal retained earnings

Voluntary retained earnings

Total share-
holders’ equity

Balance at January 1, 2016

 1,147 

 5,717 

 1,000 

 198,291 

 206,155 

 

 

 

 

 

 

Net profit

 – 

 – 

 – 

 69,235 

 69,235 

Dividend paid

 – 

 – 

 – 

 (20,122) 

 (20,122) 

New shares issued based on 
 employee participation plans

 7 

 9,835 

 – 

 – 

 9,842 

 

 

 

 

 

 

Balance at December 31, 2016

 1,154 

 15,552 

 1,000 

 247,404 

 265,110 

 

 

 

 

 

 

Net profit

 – 

 – 

 – 

 4,316 

 4,316 

Dividend paid

 – 

 – 

 – 

 (20,315) 

 (20,315) 

New shares issued based on 
 employee participation plans

 12 

 19,834 

 – 

 – 

 19,846 

 

 

 

 

 

 

Balance at December 31, 2017

 1,166 

 35,386 

 1,000 

 231,405 

 268,957 

The Company’s share capital is CHF 1,166,487, consisting of 11,664,872 registered shares with a nominal value of CHF 0.10 each (2016: share capital of CHF 1,154,137 consisting of 11,541,371 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

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 2017 a total of 39,053 options (share option plans) were exercised and 84,448 shares transferred (share plans), increasing the Company’s share capital by CHF 12,350 and decreasing the Company’s conditional share capital by 123,501 shares (2016: a total of 23,319 options were exercised and 50,475 shares transferred, increasing the share capital by CHF 7,379 and decreasing the conditional share capital by 73,794 shares).

 

On April 26, 2006 and on April 13, 2016, the Annual General Meeting of Shareholders approved the creation of additional conditional and authorized share capital for the purpose of future business development.

 

 

2016

2017

Conditional share capital

 

 

Reserved for employee participation plans

 

 

 Shares (with a nominal value of CHF 0.10 each)

761,841 

 638,340 

 CHF

76,184 

 63,834 

 

 

 

Employee share options and employee shares, not yet delivered

291,328

 260,685 

 

 

 

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

13.04.2018

 13.04.2018 

 Shares (with a nominal value of CHF 0.10 each)

 2,200,000 

 2,200,000 

 CHF

 220,000 

 220,000 

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. However, the conditional share capital for employee participation plans is not affected by this rule.

 

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