Financial report  >  Financial statements Geberit AG

Notes to the Financial Statements

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

  2. 1.2 Significant investments

  3. 1.3 Share capital

  4. 1.4 Capital contribution reserves

  5. 1.5 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, 2011 1,300,551      
    Purchases, share buyback program 2012 1,022,578 209.57 193.26 176.66
    Cancellation share buyback program 2011 -1,026,000      
    Other Purchases 45,180 196.07 189.51 178.80
    Sales -106,964 208.90 193.80 177.60
    Balance at December 31, 2012 1,235,345      
    Number of treasury shares held by Geberit AG 1,022,578      

    The Board of Directors of Geberit AG decided to initiate a share buyback program for the years 2011 and 2012 and determined a maximum repurchasing volume of 5% of the share capital, in total 2,048,578 shares. Until December 31, 2011 the company repurchased 1,026,000 shares. The General Meeting on April 4, 2012 decided to reduce the capital by the volume of the shares repurchased. On June 29, 2012, therefore 1,026,000 shares were cancelled.

    The remaining 1,022,578 shares were repurchased in 2012. Geberit AG plans to propose to the General Meeting on April 4, 2013 a capital reduction in the amount of there shares repurchased and to cancel the shares as well.

    The legal reserves for treasury shares were recorded at cost.

  6. 1.6 Remuneration, loans and shareholdings of members of the board of directors and of the group executive board

  7. 1.7 Significant shareholders

  8. 1.8 Risk management

  9. 2. Other Disclosures required by the law