23. Treasury shares

Number of shares

2025

2024

Treasury shares as at 1 January

6 200

4 830

Purchases

4 500

7 390

Sales

-

‑ 129

Share-based remuneration

‑ 5 736

‑ 5 891

Treasury shares as at 31 December

4 964

6 200

A total of 4 500 (prior year: 7 390) treasury shares were purchased in the reporting year at an average purchase price of CHF 70.63 (prior year: CHF 67.88) per share. No treasury shares were sold in the year under review (prior year: 129 at an average sale price of CHF 83.40. A total of 5 736 (prior year: 5 891) shares with a vesting period of three years (with no further performance, profit or other vesting conditions) were definitively awarded in the form of share-based remuneration in the year under review. The resulting personnel expense at a share price on assignment of CHF 64.44 (prior year: CHF 84.73) per share amounted to CHF 0.4 million (prior year: CHF 0.5 million).