Capital structure

On 31 December 2023, the share capital was composed of 159 455 239 registered shares, fully paid in, each with a nominal value of CHF 0.01 and conditional capital of CHF 21 742 divided into 2 174 151 conditional shares, each with a nominal value of CHF 0.01, which relates to 1.36% of the existing share capital.

In April 2022, 13 833 conditional shares were converted into ordinary shares, succeeded by a split of the shares 1:10 and post-split another conversion of 103 219 conditional shares into ordinary shares. In April 2021, 14 545 (pre-split) conditional shares were converted into ordinary shares. There have been no further changes in the share capital in the past three years

The Group’s conditional share capital is approved for an unlimited period for use in employee and Board equity participation plans and, since the AGM 2023, also for equity participation plans for third parties (see compensation report and note 8.3 of the financial report). Straumann Holding AG has no capital band, no authorized share capital and no category of shares other than registered shares. All shares have equal voting rights and carry equal entitlements to dividends. There are no limitations on the transferability of the shares. Nominees’ registrations are admitted if such nominee has entered into an agreement with the company concerning their position and is subject to recognized banking or financial supervision.

The Group has not issued any financial instruments (participation certificates, dividend right certificates, warrants, options or other securities granting rights to Straumann shares) other than the Performance Share Units and Restricted Share Units granted to certain employees as a long-term incentive (see here for details) and a CHF 200 million domestic straight bond issued in 2020 due on 3 October 2025 (see note 7.2 of the financial report). A CHF 280 million domestic straight bond that was issued in 2020 was repaid on 3 October 2023.