25. Share capital
Issued and fully paid share capital
| In CHF'000 | 31.12.2009 | 31.12.2008 |
|---|---|---|
| 48'563'478 / 47'765'974 bearer shares, at CHF 10 each | 485 635 | 477 660 |
| 46'300'000 registered shares, at CHF 1 each | 46 300 | 46 300 |
| 531 935 | 523 960 |
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 | 2009 | 2008 |
|---|---|---|
| 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 | 2009 | 2008 |
| Conditional share capital as of January 1 | 107 478 | 109 844 |
| Increase of conditional share capital | 10 000 | – |
| Employee share purchase plan | -134 | -450 |
| Exercise of options | -4 | – |
| Shares allotted to employees | -7 837 | -1 916 |
| Conditional share capital as of December 31 | 109 503 | 107 478 |
| 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: | ||
| 950'278 / 747'782 bearer shares, at CHF 10 each | 9 503 | 7 478 |
| 109 503 | 107 478 |
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 2008 General Assembly approved an increase of the conditional share capital for options exercises or share subscriptions to employees up to a maximal amount of CHF17 477 820 consisting of 1 747 782 bearer shares of a nominal value of CHF 10.