25. Share capital
Issued and fully paid share capital
| In CHF'000 | 31.12.2008 | 31.12.2007 |
|---|---|---|
| 47'765'974 / 47'529'417 bearer shares, at CHF 10 each | 477 660 | 475 294 |
| 46'300'000 registered shares, at CHF 1 each | 46 300 | 46 300 |
| 523 960 | 521 594 |
The Registered Shares are neither listed nor traded on any stock exchange. The Bearer Shares have been listed on the main market of the SIX since 2 August 1999 (ticker: KUD, security number: 1 226 836; ISIN CH0012268360).
Authorized share capital
| In CHF'000 | 2008 | 2007 |
|---|---|---|
| 3'768'164 bearer shares, at CHF 10 each | 37 682 | 37 682 |
| 3'200'000 registered shares, at CHF 1 each | 3 200 | 3 200 |
| Authorized share capital as of December 31 | 40 882 | 40 882 |
The Board of Directors is authorized to increase the share capital in one or more stages until April 22, 2010, for the purpose of financing the full or partial acquisition of other companies.
Conditional share capital
| In CHF'000 | 2008 | 2007 |
|---|---|---|
| Conditional share capital as of January 1 | 109 844 | 112 085 |
| Increase of conditional share capital | - | - |
| Employee share purchase plan | -450 | -184 |
| Exercise of options | - | -1 180 |
| Shares allotted to employees | -1 916 | -877 |
| Conditional share capital as of December 31 | 107 478 | 109 844 |
| Of which may be utilized as of December 31 for: | ||
| - convertible bonds: | ||
| 10'000'000 bearer shares, at CHF 10 each | 100 000 | 100 000 |
| - options or share subscriptions to employees: | ||
| 747'782 / 984'339 bearer shares, at CHF 10 each | 7 478 | 9 844 |
| 107 478 | 109 844 |
The shareholders of Kudelski SA met in an Extraordinary General Meeting on September 30, 2005 and approved an increase of the conditional share capital of up to a total amount of CHF 100 000 000, through the issue of 10 000 000 bearer shares of a nominal value of CHF 10, to be issued as and when rights are exercised to convert the bonds of Kudelski SA and its subsidiaries. Furthermore the ordinary 2005 General Assembly approved an increase of the
conditional share capital for options exercises or share subscriptions to employees up to a maximal amount of CHF15 841 760 consisting of 1 584 176 bearer shares of a nominal value of CHF 10.