Treasury shares (number of shares) |
2015 |
2014 |
||
Shares held as per 1 January |
12 087 920 |
13 204 851 |
||
Shares purchased at fair market value |
1 016 761 |
1 200 000 |
||
Shares sold to counterparty out of options (management options 2010) |
–2 077 650 |
– |
||
Shares sold at fair market value |
–1 016 741 |
–1 580 456 |
||
Shares transferred to employees |
–814 480 |
–736 475 |
||
Shares held at 31 December |
9 195 810 |
12 087 920 |
Each registered share has a par value of CHF 3.70 (2014: CHF 3.70).
The average price of shares bought in 2015 was CHF 20.69 (2014: CHF 17.27).
The average price of shares sold in 2015 was CHF 17.19 (2014: CHF 17.04).
The profit or loss from the sale of own shares is recorded in the income statement as other income or other expenses.