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Capital structure

Authorized capital

2016

As at December 31, 2016, Tornos did not have any authorized capital.

2015

As at December 31, 2015, Tornos did not have any authorized capital.

Conditional capital

2016

As at December 31, 2016, the share capital could have been increased by up to CHF 3’179’979.00, to the exclusion of the subscription right or priority subscription right of the shareholders, for good reasons (acquisition of shareholdings by employees), by issuing fully paid-up registered shares with a par value of CHF 4.50 each, up to a maximum of 706’662 shares with the said par value, through the exercise of option rights granted to members of the Board of Directors and to employees and contracted staff under an employee stock option scheme.

2015

As at December 31, 2015, the share capital could have been increased by up to CHF 3’179’979.00, to the exclusion of the subscription right or priority subscription right of the shareholders, for good reasons (acquisition of shareholdings by employees), by issuing fully paid-up registered shares with a par value of CHF 4.50 each, up to a maximum of 706’662 shares with the said par value, through the exercise of option rights granted to members of the Board of Directors and to employees and contracted staff under an employee stock option scheme.