4. Capital Structure
As of 31 December 2020, the fully paid-in nominal share capital of Clariant Ltd totaled CHF 1 228 175 036.30 and was divided into 331 939 199 registered shares, each with a par value of CHF 3.70. Clariant Ltd shares have been listed on the SIX Swiss Exchange since 1995 (symbol: CLN, ISIN CH0012142631). Clariant Ltd does not issue non-voting equity securities (Genussscheine or Partizipationsscheine). Based on the closing price of the Clariant share of CHF 18.82 on 31 December 2020, the company’s market capitalization at year-end amounted to CHF 6.247 billion. There was no change in the capital structure of Clariant Ltd in the last three years (2018 to 2020).
4.2. Conditional capital
The company’s share capital may be increased by no more than CHF 14 103 978.20 by issuing the remaining 3 811 886 registered shares, each with a par value of CHF 3.70, corresponding to 1.14837% of the current share capital.
The details are set out in Article 5 of the Articles of Association. The Articles of Association can be found on our website.
4.3. Extraordinary distribution — partly from capital reserves
In the 2020 calendar year, an extraordinary distribution in the total amount of CHF 3.00 per share [thereof CHF 2.385 from the confirmed capital contribution reserves and CHF 0.615 from voluntary retained earnings] was decided on by the Annual General Meeting in relation to, and conditional to, the sale of the masterbatches business. The total amount of CHF 917 710 191.85 was paid out on 8 July 2020.
A table with additional information on the distribution of capital reserves can be found in Note 17 of the Financial Report 2020.
4.4. Transferability of shares
The transfer of registered shares requires the approval of the Board of Directors, which may delegate this function. Approval is granted if the acquirer discloses his/her identity and confirms that the shares have been acquired in his/her own name and for his/her own account.
4.5. Nominee registrations and voting rights
Each registered share entitles the holder to one vote at the shareholders’ meetings. Special rules according to Article 6 of the Articles of Association apply to nominees who fail to disclose the identity of the persons they represent and whose shareholding exceeds 2%.
There are no options or option rights.
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