Treasury shares
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Number of treasury shares | ||||||
| As of 1 January | 9 266 | 25 609 | ||||
| Additions | 16 241 | 9 266 | ||||
| Disposals | (21 081) | (25 609) | ||||
| As of 31 December | 4 426 | 9 266 | ||||
| Initial value of treasury shares | in CHF 000 | |||||
| As of 1 January | 914 | 3 579 | ||||
| Additions | 1 475 | 914 | ||||
| Disposals | (2 062) | (3 579) | ||||
| As of 31 December | 327 | 914 | ||||
| Market value | 313 | 868 | ||||
| Paid / received prices | in CHF | |||||
| Additions (weighted average) | 90.84 | 98.62 | ||||
| min. | 63.60 | 92.16 | ||||
| max. | 106.51 | 98.62 | ||||
| Disposals (weighted average) | 97.82 | 139.75 | ||||
| min. | 92.34 | 139.75 | ||||
| max. | 98.62 | 139.75 |
The year-end price of treasury shares was CHF 70.8, compared with CHF 93.7 at the end of the previous year. Share price changes over time can be seen in the chart on page 41.
As part of the profit participation programme for members of the Management Board (see also Note 39), 21,081 treasury shares with a total value of CHF 2.1 million were issued. In total, 16,241 additional treasury shares were purchased in the 2020 financial year.