7 Legal capital reserves

The Legal capital reserves result from the events as explained in Note 6 Share capital. The share issuance costs have been offset against the Legal capital reserves.

On 6 June 2023, the Board of Directors proposed to the extraordinary shareholders’ meeting an extraordinary dividend distribution. The extraordinary shareholders’ meeting held on 29 June 2023, approved the appropriation of available earnings as proposed by the Board of Directors. The extraordinary dividend of €425 million (CHF 394 million) was paid out of the capital contribution reserve on 6 July 2023.

Reconciliation Legal capital reserves and Share premium as per consolidated financial statements

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