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- >Note 1.5
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.