10. Treasury Shares
Audited information
|
2019 |
2018 |
||
|---|---|---|---|---|
Holdings at 1 January |
2 250 664 |
2 641 579 |
||
Shares purchased at fair market value |
572 000 |
— |
||
Shares transferred to employees and Board of Directors |
–235 899 |
–390 915 |
||
Holdings on 31 December |
2 586 765 |
2 250 664 |
Each registered share has a par value of CHF 3.70 (2018: CHF 3.70).
The average price of shares bought in 2019 was CHF 18.14. In 2018 no shares were bought.
In 2019 and 2018 no shares were sold.
The profit or loss from the sale of own shares is recorded in the income statement as other finance income or other expenses.