Capital structure

As of March 31, the capital of Sonova Holding AG comprised the following:

  2013 2012 2011
Ordinary capital (in CHF) 3,357,591 3,328,717 3,325,720
Total shares 67,151,815  66,574,333 66,514,393
Authorized capital (in CHF) n.a. n.a. 165,576
Authorized shares n.a. n.a. 3,311,520
Conditional capital (in CHF) 267,180 296,054 299,051
Conditional shares 5,343,605 5,921,087 5,981,027
Ordinary capital (in CHF)
2013 3,357,591
2012 3,328,717
2011 3,325,720
Total shares
2013 67,151,815
2012 66,574,333
2011 66,514,393
Authorized capital (in CHF)
2013 n.a.
2012 n.a.
2011 165,576
Authorized shares
2013 n.a.
2012 n.a.
2011 3,311,520
Conditional capital (in CHF)
2013 267,180
2012 296,054
2011 299,051
Conditional shares
2013 5,343,605
2012 5,921,087
2011 5,981,027

Changes in capital

The authorized share capital of 3,311,520 registered shares created on June 10, 2009, has not been used and the authorization expired on June 9, 2011. A total of 5,957,515 of a maximum of 8,000,000 approved conditional shares with a par value of CHF 0.05 each have been issued, so that the maximum conditional share capital reserved for key employees’ share option plans was reduced by March 31, 2013, to 2,042,485 (previous year: 2,619,967) shares. In the financial year 2012/2013, a total of 200,967 options were granted as part of the Sonova Executive Equity Award Plan (EEAP). In 2011/12 and 2010/11, the number of options granted totaled 305,230 and 612,065 respectively.

As of March 31, 2013, there were still 1,423,420 options outstanding (compared with 1,980,435 in the previous year). Each of these options entitles the holder to purchase one registered share in Sonova Holding AG with a par value of CHF 0.05.

The conditional share capital of 3,301,120 registered shares, which was created on July 7, 2005, in order to increase the company’s financial flexibility, has not yet been used.

Shares and participation certificates

Swiss stock exchange (SIX Swiss Exchange) since November 1994. The General Shareholders’ Meeting of July 5, 2001, approved a capital reduction and a repayment of CHF 15 on the par value per share. At the same time, the shareholders approved a 1:100 stock split. This reduced the par value of Sonova registered shares from CHF 20 to their current value of CHF 0.05. With the exception of the treasury shares held by the company itself, each share represents one vote at the General Shareholders’ Meeting and is entitled to dividend payments.

The following overview shows the treasury shares held by the company as of March 31:

  2013 2012
First trading line 26,714 39,782
Total owned shares 26,714 39,782

Sonova Holding AG has not issued any participation certificates.

Profit-Sharing Certificates

Sonova Holding AG has not issued any profit-sharing certificates.