On 31 December 2022, the Company’s share capital amounted to CHF 100,000, divided into 100, fully paid-up registered shares with a par value of CHF 1.00 each.
On 20 April 2023, DSM-Firmenich AG decreased the share capital of the Company from CHF 100,000 to CHF 0 and changed the currency of its share capital from CHF to EUR with retrospective effect from 1 January 2023. Subsequently, DSM-Firmenich AG increased its share capital in four tranches. The tranches were completed on the following dates:
- First capital increase on 20 April 2023
- Second capital increase on 3 May 2023
- Third capital increase on 8 May 2023
- Fourth capital increase on 8 May 2023
x thousand |
|
EUR |
|
Values in CHF |
|---|---|---|---|---|
Nominal capital |
|
|
|
|
|
|
|
|
|
Opening balance in CHF on 1 January 2023 |
|
|
|
100 |
Capital decrease of 100,000 shares at CHF 1.00 on 20.04.2023 |
|
|
|
(100) |
|
|
|
|
|
Share capital increases |
|
|
|
|
Capital increase of 150,742,711 shares at €0.01 on 20.04.2023 |
|
1,507 |
|
1,481 |
Capital increase of 16,578,846 shares at €0.01 on 03.05.2023 |
|
166 |
|
163 |
Capital increase of 6,696,477 shares at €0.01 on 08.05.2023 |
|
67 |
|
66 |
Capital increase of 91,658,354 shares at €0.01 on 08.05.2023 |
|
917 |
|
901 |
Closing balance on 31 December 2023 |
|
2,657 |
|
2,611 |
The first and second capital increases were executed to facilitate the tender procedure whereby the DSM N.V. ordinary shares were exchanged for DSM-Firmenich AG’s ordinary shares (ratio 1:1).
The third capital increase was facilitated via investment bank Goldman Sachs, which subscribed to 6,696,477 million DSM-Firmenich ordinary shares at nominal value. Subsequently the shares were placed in the market which resulted in a paid-in capital surplus of €732 million (CHF 678 million).
Via the fourth capital increase, DSM-Firmenich AG issued ordinary shares to Firmenich’s shareholders as part of the agreed consideration to contribute 8,019,000 shares out of 8,100,000 shares (100% minus any treasury shares held by Firmenich International SA) of the capital of Firmenich International SA.
On 31 December 2023, the total number of issued DSM-Firmenich AG ordinary shares amounted to 265,676,388.