2. Authorized share capital

On 27 May 2021, the Annual General Meeting approved an authorized share capital of CHF 1 000 000 (1 000 000 shares with a nominal value of CHF 1.00 each). The Board of Directors is thus authorized to increase the share capital at any time until 19 May 2023 by a maximum amount of CHF 1 000 000 by way of issuance of no more than 1 000 000 registered shares that are to be fully paid in with a nominal value of CHF 1.00 each. In 2022, no capital increase was carried out from authorized share capital. On 31 December 2022, the amount of the authorized capital is thus CHF 1 000 000 in shares (1 000 000 shares with a nominal value of CHF 1.00 each).

With the new share law, which will come into force on 1 January 2023, the authorized share capital will be replaced by the new instrument of the capital band. Further details will be provided with the invitation to the Annual General Meeting 2023.