Notes to the Financial Statements

1.1 Guarantees, assets pledged in favor of third parties

1.2 Significant investments

1.3 Share capital

1.4 Capital contribution reserves

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, 2013 212,382      
Purchases, share buyback program 2014 123,000 318.44 304.10 289.66
Other Purchases 89,000 290.21 286.39 281.46
Sales -122,322 341.00 282.99 228.49
Balance at December 31, 2014 302,060      
Number of treasury shares held by Geberit AG 123,000      

The Board of Directors of Geberit AG decided in March 2014 to initiate a share buyback program. Over a period of two years, shares amounting to a total of a maximum of 5% of the share capital recorded in the Commercial Register will be repurchased and retired by means of a capital reduction. As at December 31, 2014, 123’000 shares were bought back. Since August 2014 this share buyback program is suspended until further notice due to the acquisition of the Sanitec group.

The legal reserves for treasury shares were recorded at cost.

1.6 Shareholdings of members of the board of directors and of the group executive board

1.7 Significant shareholders

1.8 Derivatives

1.9 Additional information

2. Other Disclosures required by the law