4.6Movement in share capital
Issued registered shares | Issued registered shares | Treasury shares1) | Outstanding shares | |||
Balance 1 April 2025 | 59,626,809 | (13,587) | 59,613,222 | |||
Purchase of treasury shares | (225,100) | (225,100) | ||||
Sale/transfer of treasury shares | 219,862 | 219,862 | ||||
Balance 31 March 2025 | 59,626,809 | (18,825) | 59,607,984 | |||
Purchase of treasury shares | (290,000) | (290,000) | ||||
Sale/transfer of treasury shares | 86,618 | 86,618 | ||||
Balance 31 March 2026 | 59,626,809 | (222,207) | 59,404,602 | |||
Nominal value of share capital CHF million | Share Capital | Treasury shares1) | Outstanding share capital | |||
Balance 31 March 2026 | 3.0 | (0.0) | 3.0 |
Each share has a nominal value of CHF 0.05.
1)Treasury shares are purchased on the open market and are not entitled to dividends.
Share capital
As of 31 March 2026, the ordinary share capital of Sonova Holding AG was CHF 2,981,340.45 fully paid up and divided into 59,626,809 registered shares with a par value of CHF 0.05 each.
Capital range
Sonova Holding AG has a capital range of 10% of the share capital from CHF 2,683,206.45 (lower limit) to CHF 3,279,474.45 (upper limit). The Board of Directors shall be authorized within the capital range to increase (by issuing up to 5,962,680 registered shares, each with a nominal value of CHF 0.05) or to reduce the share capital (by cancelling up to 5,962,680 registered shares, each with a nominal value of CHF 0.05) once or several times in amounts or to acquire or dispose of shares directly or indirectly at any time until 12 June 2028 or until an earlier expiry of the capital range. The capital increase or decrease may also be effected by increasing or reducing the nominal value of the existing registered shares. In certain events, as defined in Art. 5 of the Articles of Association, the Board of Directors is authorized to exclude or restrict the subscription rights of existing shareholders and allocate such rights to third parties, the company, or any of its group companies.
The Board of Directors did not make use of this authorization in the 2025/26 financial year.
Conditional capital
The conditional share capital may be increased by a maximum amount of CHF 266,106.65 by issuing 5,322,133 registered shares with a par value of CHF 0.05 per share, which equates to 8.92% of the existing share capital. Out of this conditional share capital, an amount of CHF 101,050.65 (equivalent to 2,021,013 registered shares) may be used for distribution to key employees of the Sonova Group through an equity participation program, under the exclusion of the subscription rights of shareholders. In addition, the amount of CHF 165,056 (equivalent to 3,301,120 registered shares) may be used for exercising option and conversion rights granted in connection with bonds or similar debt instruments issued by the company.
Accounting policies
Ordinary shares are classified as equity. Dividends on ordinary shares are recorded in equity in the period in which they are approved by the parent companiesʼ shareholders.
In case any of the Group companies purchase shares of the parent company, the consideration paid is recognized as treasury shares and presented as a deduction from equity. Any consideration received from the sale of own shares is recognized in equity.