Print

16 Share capital

16 Share capital
    31.12.2013 31.12.2012
       
Share capital 2,783,115 at a par value of CHF 1 2,783 2,783
Participation capital 625,000 at a par value of CHF 1 625 625
Share and participation capital   3,408 3,408
       
Existing shareholders and their direct share of voting rights:    
Canton of Graub√ľnden 58.30% 46.00%
Alpiq AG, Olten 0.00% 24.60%
Axpo Holding AG, Baden   33.70% 0.00%
Axpo Trading AG, Dietikon 0.00% 21.40%
Other (free float) 8.00% 8.00%

Participation certificates carry no voting rights at the Annual General Meeting but are subject to the same provisions as shares. The number of share and participation capital remained unchanged over the previous year.

In the 2013 financial year, the Canton of Graub√ľnden and Axpo Trading AG each acquired half of the shares held by Alpiq AG. Axpo Trading AG transferred its shares in Repower AG to Axpo Holding AG.

Treasury shares

  Number of shares Average price in CHF Number of participation certificates Average price in CHF
         
Values at 31 December 2011 12,156   4,107  
Purchases - - - -
Disposals - - - -
Values at 31 December 2012 12,156   4,107  
         
Purchases - - - -
Disposals -1,393 164 -2,007 109
Treasury shares transfer -379 171 - -
Values at 31 December 2013 10,384   2,100  

In the year under review 1,393 shares (previous year: none) and 2,007 participation certificates (previous year: none) were sold and no shares (previous year: none) and no participation certificates (previous year: none) were acquired. Also in the 2013 financial year, Repower transferred treasury shares for the acquisition of minority interests in Repower Holding Surselva AG and Repower Klosters AG to the sellers of the shares partly by way of a compensation payment. The balances of this transaction are reported under the line item “share transfer”. At 31 December 2013 the treasury share portfolio totalled 10,384 shares (previous year: 12,156) with a par value of TCHF 10 and 2,100 participation certificates (previous year: 4,107) with a par value of TCHF 2.