3.4Equity
As at 31 December 2025, the share capital consists of 12,800,000 registered shares at a par value of CHF 0.10 each and remains unchanged from 31 December 2024.
CONDITIONAL SHARE CAPITAL
Article 3a of the Company’s Articles of Association sets out that the Company’s share capital shall be increased by a maximum amount of CHF 30,000 through the issuance of no more than 300,000 fully paid-up registered shares with a nominal value of CHF 0.10 by way of the exercise of conversion rights and/or warrants, belonging to employees and members of the Board of Directors and the Executive Board in accordance with the applicable regulations and resolutions of the Board of Directors.
Article 3b of the Company’s Articles of Association sets out that the share capital may be increased by the issuance of up to 1,280,000 fully paid-up registered shares with a nominal value of CHF 0.10 each, up to CHF 128,000, by means of the exercise of conversion rights and/or warrants granted in connection with newly or already issued bonds or similar debt instruments of the Company or its Group companies to Company creditors and/or investors.
RETAINED EARNINGS
Retained earnings are only distributable on a limited basis:
- The retained earnings of Investis Holding SA pursuant to a resolution of the Annual General Meeting
- The retained earnings of subsidiaries in accordance with local fiscal and statutory requirements, first to the respective parent company
TREASURY SHARES
Members of the Board of Directors, the Executive Board and employees in key management positions received part of their compensation in shares. See Compensation Report and Note 1.2.
2025 | 2024 | |||
|---|---|---|---|---|
Quantity | Value CHF 1,000 | Quantity | Value CHF 1,000 | |
Net carrying amount as at 1 January | 31,969 | 2,526 | 52,283 | 4,131 |
Purchase of treasury shares 1) | 25,000 | 2,930 | - | |
Use of treasury shares 2) | –14,831 | –1,388 | –20,314 | –1,658 |
Gain on use of treasury shares recognised in capital reserves | 216 | 53 | ||
Net carrying amount as at 31 December | 42,138 | 4,284 | 31,969 | 2,526 |
1)In 2025, Investis Holding SA acquired 25,000 (2024: – ) registered treasury shares at an average price of CHF 117.20 (2024: – ).
2)In 2025, Investis Holding SA used 14,831 (2024: 20,314) registered treasury shares at an average price of CHF 93.60 (2024: CHF 81.60) for the share-based compensation.
Accounting principles |
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Non-controlling interests in equity and profit are presented separately in the consolidated balance sheet and the consolidated income statement. |
Treasury shares (own equity instruments held by the Investis Group) are accounted for as a reduction in equity at acquisition cost and are not subsequently re-measured. When shares are used or sold out of treasury shares, the resulting profit or loss is recognised in the capital reserves. |