10. Treasury Shares
Audited information
|
|
2020 |
|
2019 |
|---|---|---|---|---|
Holdings at 1 January |
|
2 586 765 |
|
2 250 664 |
Shares purchased at fair market value |
|
34 000 |
|
572 000 |
Shares transferred to employees and Board of Directors |
|
–235 256 |
|
–235 899 |
Holdings on 31 December |
|
2 385 509 |
|
2 586 765 |
Each registered share has a par value of CHF 3.70 (2019: CHF 3.70)
The average price of shares bought in 2020 was CHF 17.02. In 2019 the average price of shares bought was CHF 18.14.
In 2020 and 2019 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.