10 Shareholders’ equity and employee participation plans

	2020	2021
Shares (each share has a nominal value of CHF 0.10)
Balance at January 1	11,870,912	11,958,845
New shares issued based on employee participation plans	74,720	58,734

Balance at June 30	11,945,632	12,017,579

	2020	2021
Number of shares eligible for dividend and payout	11,927,914	12,005,310
Dividends paid (CHF/share)	1.10	1.15
Payout from statutory capital contribution reserve (CHF/share)	1.10	1.15

	2020	2021
Shares (each share has a nominal value of CHF 0.10)
Balance at January 1	432,300	344,367
New shares issued based on employee participation plans	(74,420)	(58,734)

Balance at June 30	357,880	285,633

Maximum of employee share options and employee shares outstanding	184,109	158,031

(See note 12.4.1 of the consolidated financial statements 2020 for the terms and principal conditions)

Movements in employee share options:

	2020	2021
Employee share options
Balance at January 1	91’524	71’745
Exercised	(12’745)	(8’945)
Forfeited or expired	(1’615)	(1’724)

Balance at June 30	77’164	61’076

Thereof exercisable at period-end	25’016	27’351

(See note 12.4.2 of the consolidated financial statements 2020 for the terms and principal conditions)

Movements in employee shares:

			2020	2021
Employee shares
Balance at January 1			169,744	137,333
PSMP Management	Plan 2017 and 2018	Matching shares vested and transferred	(47,356)	(39,680)
PSMP Management	Plan 2020 and 2021	Initial shares granted and transferred (blocked)	12,733	8,768
PSMP Management	Plan 2020 and 2021	Maximum of matching shares granted	30,088	21,920
PSMP Management	All plans	Matching shares forfeited	(10,758)	(154)
PSMP Management	All plans	Shares deblocked	(78)	(78)
Board of Directors	Plan 2019 and 2020	Shares vested and transferred	(1,586)	(1,341)
Board of Directors	Plan 2020 and 2021	Shares granted	1,323	795

Balance at June 30			154,110	127,563

Thereof vested and transferred, but blocked until the end of the performance period			47,165	30,608