2. Capital structure

The ordinary share capital on 31 December 2023 stood at CHF 7 052 745 (7 052 745 registered shares at CHF 1.00 each).

Since 18 May 2017, the conditional share capital amounted to CHF 1 396 638 (1 396 638 shares with a nominal value of CHF 1.00 each) in accordance with Article 3a of the Articles of Association. No change occurred in 2023. As of 31 December 2023, the conditional capital amounts to CHF 1 396 638 (1 396 638 shares with a nominal value of CHF 1.00 each).

The company has a capital band between CHF 7 052 745 (lower limit) and CHF 8 452 745 (upper limit) according to Article 3c of the Articles of Association. The Board of Directors is authorized to increase the share capital at any time until 17 May 2028 up to a maximum amount of CHF 1 400 000 once or several times and in any amounts. The capital increase can be carried out by issuing a maximum of 1 400 000 registered shares with a nominal value of CHF 1.00 each, to be fully paid up. In 2023, no capital increase was carried out from capital band. More information about the capital structure can be found in note 22 of the Consolidated Group Financial Statements.