9 SHAREHOLDERS’ EQUITY AND EMPLOYEE PARTICIPATION PLANS
9.1 MOVEMENTS IN SHARES OUTSTANDING
| Shares | Treasury | Shares |
Shares (each share has a nominal value of CHF 0.10) |
|
|
|
Balance at January 1, 2019 | 11,766,372 | - | 11,766,372 |
New shares issued based on employee participation plans | 82,109 | - | 82,109 |
|
|
|
|
Balance at June 30, 2019 | 11,848,481 | - | 11,848,481 |
|
|
|
|
Balance at January 1, 2020 | 11,870,912 | - | 11,870,912 |
New shares issued based on employee participation plans | 74,420 | - | 74,420 |
|
|
|
|
Balance at June 30, 2020 | 11,945,332 | - | 11,945,332 |
9.2 DIVIDENDS PAID
| 2019 | 2020 |
Number of shares eligible for dividend and payout | 11,826,232 | 11,927,914 |
Dividends paid (CHF/share) | 2.10 | 1.10 |
Payout from statutory capital contribution reserve (CHF/share) | - | 1.10 |
9.3 CONDITIONAL SHARE CAPITAL RESERVED FOR THE EMPLOYEE PARTICIPATION PLANS
| 2019 | 2020 |
Shares (each share has a nominal value of CHF 0.10) |
|
|
Balance at January 1 | 536,840 | 432,300 |
New shares issued based on employee participation plans | (82,109) | (74,420) |
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|
|
Balance at June 30 | 454,731 | 357,880 |
|
|
|
Maximum of employee share options and employee shares outstanding | 228,080 | 184,109 |
9.4 CONDITIONAL AND AUTHORIZED SHARE CAPITAL FOR THE PURPOSE OF FUTURE BUSINESS DEVELOPMENT
| 2019 | 2020 |
Conditional share capital |
|
|
Shares (with a nominal value of CHF 0.10 each) | 1,800,000 | 1,800,000 |
CHF | 180,000 | 180,000 |
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|
|
Authorized share capital |
|
|
Expiry date | 17.04.2020 | 17.04.2022 |
Shares (with a nominal value of CHF 0.10 each) | 2,300,000 | 2,300,000 |
CHF | 230,000 | 230,000 |
9.5 EMPLOYEE SHARE OPTION PLANS
(See note 12.4.1 of the consolidated financial statements 2019 for the terms and principal conditions)
Movements in employee share options:
| 2019 | 2020 |
Employee share options |
|
|
Balance at January 1 | 90,040 | 91,524 |
Granted | 12,900 | - |
Exercised | (9,834) | (12,745) |
Forfeited or expired | (1,364) | (1,615) |
|
|
|
Balance at June 30 | 91,742 | 77,164 |
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|
|
Thereof exercisable at period-end | 31,276 | 25,016 |
9.6 EMPLOYEE SHARE PLANS (PERFORMANCE SHARE MATCHING PLANS [PSMP] AND OTHER SHARE PLANS)
(See note 12.4.2 of the consolidated financial statements 2019 for the terms and principal conditions)
Movements in employee shares:
|
|
| 2019 | 2020 |
Employee shares |
|
|
|
|
Balance at January 1 |
|
| 192,314 | 169,744 |
PSMP Management | Plan 2015 and 2016 | Matching shares vested and transferred | (52,382) | (47,356) |
PSMP Management | New plan current year | Initial shares transferred (blocked) | 18,176 | 12,733 |
PSMP Management | New plan current year | Maximum of matching shares granted | 40,095 | 30,088 |
PSMP Management | All plans | Matching shares forfeited | 6 | (10,758) |
PSMP Management | All plans | Shares deblocked | - | (78) |
Board of Directors | Plan 2017 and 2018 | Shares vested and transferred | (1,717) | (1,586) |
Board of Directors | New plan current year | Shares granted | 1,684 | 1,323 |
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|
|
Balance at June 30 |
|
| 198,176 | 154,110 |
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Thereof vested and transferred, but blocked until the end of the performance period | 61,838 | 47,165 |
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