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, 2017

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 

 

 

 

 

 

 

Net profit

 – 

 – 

 – 

18,837

18,837

Dividend paid

 – 

 – 

 – 

(23,462)

(23,462)

New shares issued based on 
  employee participation plans

 11 

19,646

 – 

 – 

19,657

 

 

 

 

 

 

Balance at December 31, 2018

 1,177 

55,032

 1,000 

226,780

283,989

The Company’s share capital is CHF 1,176,637.20, consisting of 11,766,372 registered shares with a nominal value of CHF 0.10 each (2017: share capital of CHF 1,166,487 consisting of 11,664,872 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 2018 a total of 24,487 options (share option plans) were exercised and 77,013 shares transferred (share plans), increasing the Company’s share capital by CHF 10,150 and decreasing the Company’s conditional share capital by 101,500 shares (2017: a total of 39,053 options were ­exercised and 84,448 shares transferred, increasing the share capital by CHF 12,350 and decreasing the conditional share capital by 123,501 shares).

 

On April 26, 2006 and on April 17, 2018, the Annual ­General ­Meeting of Shareholders approved the creation of additional conditional and authorized share capital for the purpose of future business development.

 

 

2017

2018

Conditional share capital

 

 

Reserved for employee participation plans

 

 

  Shares (with a nominal value of CHF 0.10 each)

 638,340

536,840

  CHF

 63,834

53,684

 

 

 

Employee share options and employee shares, not yet delivered

 260,685

238,692

 

 

 

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

17.04.2020

  Shares (with a nominal value of CHF 0.10 each)

 2,200,000

 2,300,000

  CHF

 220,000

 230,000

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.