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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.

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