Financial Statements Geberit AG

Notes to the Financial Statements

  1. 1.1 Guarantees, assets pledged in favor of third parties

  2. 1.2 Convertible Bond

  3. 1.3 Significant investments

  4. 1.4 Share capital

  5. 1.5 Capital contribution reserves

  6. 1.6 Treasury shares

    Treasury shares held by Geberit AG or by companies in which Geberit AG holds a majority interest:

      Number of
    registered
    shares    		 High Average Low
        in CHF in CHF in CHF
    Balance at December 31, 2010 1,695,196      
    Purchases, share buyback programm 1,026,000 211.70 187.67 148.22
    Cancellation share buyback programm 2006 -1,391,000      
    other Purchases 98,911 205.34 182.89 150.27
    Sales -128,556 219.50 201.04 161.10
    Balance at December 31, 2011 1,300,551      
    Number of treasury shares held by Geberit AG 1,026,000      

     

    The Board of Directors of Geberit AG approved a share buyback program in the amount of MCHF 200.0 in January 2006. The buyback program was closed as at January 31, 2007. Under this program, the company repurchased 1,391,000 shares for MCHF 179.1 at an average price of CHF 128.75. The General Meeting on April 19, 2011 decided to reduce the capital in the volume of the shares repurchased. On July 6, 2011, therefore 1,391,000 shares were cancelled.

    The Board of Directors of Geberit AG decided to initiate a share buyback program in the years 2011 and 2012 and determined a maximum repurchasing volume of 5% of the share capital, total 2,048,578 shares. Until December 31, 2011 the company repurchased 1,026,000 shares. Geberit AG plans to propose to the General Meeting on April 4, 2012 a capital reduction in the amount of the shares repurchased and to cancel the shares. The share buyback program continues in the year 2012.

    The legal reserves for treasury shares were recorded at cost.

  7. 1.7 Captital increases

  8. 1.8 Remuneration, loans and shareholdings of members of the board of directors and of the group executive board

  9. 1.9 Significant shareholders

  10. 1.10 Risk management

  11. 2. Other Disclosures required by the law