10. Treasury Shares
Audited information
|
2018 |
2017 |
||
Holdings at 1 January |
2 641 579 |
7 887 728 |
||
Shares sold on exercise of put options |
— |
–800 000 |
||
Shares sold to counterparty out of options |
— |
–3 729 500 |
||
Shares sold at fair market value |
— |
–200 000 |
||
Shares transferred to employees and Board of Directors |
–390 915 |
–516 649 |
||
Holdings on 31 December |
2 250 664 |
2 641 579 |
Each registered share has a par value of CHF 3.70 (2017: CHF 3.70).
In 2018 and 2017 no shares were bought.
In 2018 no shares were sold. The average price of shares sold in 2017 was CHF 17.32.
The profit or loss from the sale of own shares is recorded in the income statement as other finance income or other expenses.