Business report  >  Corporate governance

2. Capital structure


Ordinary capital: MCHF 3.8
Conditional capital:
Authorized capital:

For more details, please refer to the following subchapters.

Conditional and authorized capital details

As of December 31, 2013, the Geberit Group had no conditional or authorized capital.

Changes in capital

For Geberit AG’s changes in capital see table to the right.

For further details on changes in capital, reference is made to the Geberit Group’s Consolidated Financial Statements in this Annual Report 2013 ( consolidated statements of changes in equity and consolidated statements of comprehensive income and  Note 22, capital stock and treasury shares), to the information in the  Financial Statements of Geberit AG as well as to the 2011 figures in the  2012 Annual Report (Geberit Group’s Consolidated Financial Statements:  consolidated statements of changes in equity and statements of comprehensive income,  Note 22, capital stock and treasury shares;  Financial Statements of Geberit AG).

Shares, participation and profit-sharing certificates

The share capital of Geberit AG is fully paid in and amounts to CHF 3,779,842.70. It is divided into 37,798,427 registered shares with a par value of CHF 0.10 each. Each share registered in the share register of the Company with voting right carries one vote at the General Meeting.

No participation and profit-sharing certificates of the Geberit Group are outstanding.

Limitations on transferability and nominee registrations

Upon request and presentation of evidence of the transfer, acquirers of shares are registered as shareholders with voting rights in the share register if they explicitly declare to hold the shares in their own name and for their own account. The Articles of Incorporation provide for the registration of a maximum of 3% of the shares held by nominees, which may be permitted by the Board of Directors. The Board of Directors may register nominees as shareholders with voting rights in excess of such registration limitation, provided the nominees disclose detailed information and shareholdings of the persons for which they hold 0.5% or more of the share capital.

The Board of Directors has the power to delete entries in the share register retroactively as of the date of entry if the registration has been made on the basis of false information. It may give the concerned shareholder the opportunity to comment in advance. In any case, the concerned shareholder is informed without delay about the deletion.

Furthermore, the Articles of Incorporation do not contain any restrictions in terms of registration or voting rights.

Convertible bonds and warrants/options

No convertible bonds are outstanding.

No options were issued to any external parties. As regards options issued to employees, reference is made to the  Remuneration Report and  Note 18, participation plans in the Consolidated Financial Statements of the Geberit Group.