Purchase of shares of Bâloise Holding Ltd
The purchase of Bâloise Holding Ltd registered shares is not subject to any restrictions. Shareholders who personally acquire registered shares on own account are entitled to maximum voting rights totalling 2 percent of all issued registered shares. The same applies to shares held through nominee companies, provided the identity of the beneficial owners is disclosed to us (Bâloise Holding Ltd Articles of Incorporation § 5).
Please click on the link below for detailed, up-to-date stock market information on the Baloise share: Share price
|Nominal value||CHF 0.10|
|Exchange||SIX Swiss Exchange|
|Security type||100 % registered shares|
|Price at year-end (CHF)||64.40||78.50||113.60||127.80||127.60|
|Market capitalisation (CHF million)||3,220.0||3,925.0||5,680.0||6,390.0||6,380.0|
|Basic earnings per share (CHF)||1.30||9.32||9.65||15.15||10.96|
|Diluted earnings per share (CHF)||1.29||9.08||9.38||14.63||10.65|
|Price / earnings (p / e) ratio1||49.54||8.42||11.77||8.44||11.64|
|Price / book (p / b) ratio1||0.78||0.76||1.10||1.04||1.10|
|Number of shares issued (units)||50,000,000||50,000,000||50,000,000||50,000,000||50,000,000|
|Minus the number of treasury shares (units)||3,247,273||3,053,746||3,028,943||3,048,791||3,464,540|
|Number of shares in circulation (units)||46,752,727||46,946,254||46,971,057||46,951,209||46,535,460|
|Average number of shares outstanding2||46,900,473||46,831,998||46,896,926||46,921,282||46,721,219|
|Dividend per share3 (CHF)||4.50||4,50||4.75||5.00||5.00|
|Dividend pay-out ratio3||>100||48.3||49.2||33.0||49.0|
1 Calculation is based on profit for the period and equity before non-controlling interests respectively.
2 Relevant for calculation of earnings per share.
3 2015 based on the proposal submitted to the Annual General Meeting.
Important: Baloise is currently covered by the banks listed below. This list is subject to change as other banks start to include Baloise in their reporting or existing banks cease coverage of Baloise.
Please note that the opinions, estimates and forecasts published here regarding the historic or current performance of Baloise represents information from analysts and not of Baloise. Baloise does not confirm the opinions, estimates or forecasts of the analysts by making this information available as a service to our shareholders. Baloise assumes no responsibility for the up-to-dateness of this information and does not distribute the reports.
|27.09.2016||HSBC||Dhruv Gahlaut||CHF 120.0||Neutral|
|05.09.2016||Keefe, Bruyette & Woods Ltd.||Ralph Hebgen||CHF 110.0||Market Perform|
|31.08.2016||Exane BNP Paribas||Guilhem Horvath||CHF 101.0||Underperform|
|31.08.2016||Vontobel||Stefan Schürmann||CHF 122.0||Hold|
|30.08.2016||Bank am Bellevue||Andreas Frick||CHF 137.0||Buy|
|25.07.2016||Helvea||Daniel Bischof||CHF 119.0||Hold|
|21.07.2016||UBS||Jonny Urwin||CHF 114.0||Neutral|
|29.06.2016||Kepler Cheuvreux||Peter Casanova||CHF 110.0||Hold|
|28.06.2016||Goldman Sachs||In-Yong Hwang||CHF 133.0||Neutral|
|31.05.2016||MainFirst||René Locher||CHF 130.0||Neutral|
|18.04.2016||JPMorgan||Michael Huttner||CHF 131.0||Underperform|
|24.03.2016||Zürcher Kantonalbank||Georg Marti||Market Perform|
|22.03.2016||Autonomous||Farquhar Murray||CHF 110.0||Underperform|
Bâloise Holding pursues a policy of paying consistent, earningsrelated dividends. It uses other dividend instruments such as share buy-backs and options to supplement conventional cash dividends.
Shareholders have received a total of CHF 1,263.7 million from cash dividends and share buy-backs over the last five years. Baloise has therefore had a combined annual payout rate of between 30 per cent and 50 per cent in recent years.
Consolidated income statement (extract)
|Profit for the period (in CHF mn)||60.8||479.5||452.6||710.7||512.1|
Share buy-back programme
2015 - 2017
Bâloise Holding AG announces that the share buy-back programme started on 16 April 2015 has been completed ahead of schedule as per 29 July 2016.
In the course of the share buy-back programme, Bâloise Holding AG has acquired 1’000’000 registered shares at an average price of CHF 113.83 on a second trading line on the SIX Swiss Exchange. This corresponds to 2% of the issued share capital of Bâloise Holding AG entered in the Commercial Register. Thereby, this share buy-back programme returned CHF 113.83 mn to the shareholders. The acquired shares have been bought back at a price net of the Swiss Federal withholding tax.
|Security overview||1. Trading Line||2. Trading Line|
|Bloomberg||BALN VX||BALNE VX|
The following document shows volumes and average purchase prices of the share buyback.
Maximum daily repurchase volume
42,972 shares (calculated in accordance with Art. 55b(1)(c) of the Swiss Federal Ordinance on Stock Exchanges and Securities Trading).
The information available to the Company reveals that the following significant shareholders and shareholder groups linked by voting rights held long-term equity investments in the Company within the meaning of section 663c of the Swiss Code of Obligations (OR) as at 31 December 2015 (figures in per cent):
|Shareholders||Total shareholding as at
|Share of voting rights as at
|Total shareholding as at
|Share of voting rights as at
|Chase Nominees Ltd.1||6.1||2.0||6.0||2.0|
|Black Rock Inc.||>5.0||<2.0||>5.0||<2.0|
|UBS Fund Management AG||>3.0||<2.0||>3.0||<2.0|
|LSV Asset Management||>3.0||0.0||>3.0||0.0|
|Mellon Bank N.A.1||3.2||0.0||3.1||0.0|
|Nortrust Nominees Ltd.1||2.9||0.0||2.6||0.0|
|Bank of New York Mellon N.V.1||2.1||0.0||2.8||0.0|
|Credit Suisse Funds AG||<3.0||<2.0||<3.0||<2.0|
1 Custodian nominees who hold shares in trust for third parties are counted as part of the free float under the SIX Exchange regulations. Such shareholder groups are not subject to disclosure requirements under Swiss stock market legislation.