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The series B registered shares have been traded on the SIX Swiss Exchange in Zurich since July 2, 2012.

Current Price

Key Share Data

Zug Estates Holding AG has two categories of share. The series A registered shares are not listed, the series B registered shares are listed in accordance with the regulatory standard for real estate companies of SIX Swiss Exchange in Zurich (securities number 14 805 212, ticker symbol ZUGN).

Master data
Exchange Switzerland (SIX)
Currency CHF
Type Series B registered shares
Securities number 14 805 212
ISIN number CH 014 805 212 6
Symbol SWX ZUGN
Fundamental data
Issued series B registered shares 460 340
Other categories of share in the share capital
496 600 series A registered shares of type A with a par value of CHF 2.50 each (not listed)

Shareholders Structure

Significant shareholders

As at December 31, 2018, the following shareholders owned more than 3% of total voting rights:

Series A registered shares Series B registered shares Votes as at 31.12.2018 Votes as at 31.12.2017
Buhofer Group 1 409 470 61 872 49.3% n/a
Heinz M. Buhofer 25 640 53 741 8.3% n/a
Werner O. Weber, indirectly held through Wemaco Invest AG 0 60 392 6.3% 5.7%
Johannes Stöckli 56 800 2 914 6.2% n/a
Elisabeth Buhofer as well as Heinz M. Buhofer 2 n/a n/a n/a 66.0%
Stöckli Group-Rubli 3 n/a n/a n/a 15.8%

1The Group comprises Elisabeth Buhofer, Annelies Häcki Buhofer, Martin Buhofer und Julia Häcki, if acting in mutual agreement. Some shares are indirectly held through Homia Holding AG.

2The Group also comprised Annelies Häcki Buhofer, Philipp Buhofer, Martin Buhofer and Julia Häcki, if acting in mutual agreement. It was dissolved 2018.

3The Group also comprised Ursula Stöckli-Rubli, Walter Stöckli-Rubli, Elisabeth Stöckli Enzmann, Johannes Stöckli, Matthias Stöckli, Helen Jauch-Stöckli, Hubert Stöckli and Othmar Stöckli. It was dissolved 2018.

 

Series B registered shares by category of shareholders
(as at December 31, 2018)

Number of registered shareholders Registered shareholderers in % Number of registered shares Registered shares in %
Natural persons 1 232 83.8% 217 549 50.6%
Pension funds 70 4.8% 49 612 11.5%
Funds 38 2.6% 31 793 7.4%
Foundations 21 1.4% 4 562 1.1%
Insurers 16 1.1% 10 287 2.4%
Banks 12 0.8% 4 741 1.1%
Other leagel entities 81 5.5% 111 578 25.9%
Total 1 470 100.0% 430 122 100.0%

Dividend Policy

The dividend policy of Zug Estates Holding and the amount of future dividends it decides to pay, if any, will depend on a number of factors, including, but not limited to, its earnings, financial condition, cash requirements, the general business outlook for the Group, legal obligations in connection with the distribution of dividends and other factors. Subject to the factors mentioned, Zug Estates Holding's target payout ratio is up to 50% of net income (without revaluation of investment properties) until the general meeting 2019.

Changes as of general meeting 2020

The anticipated special effects of sales proceeds from the Aglaya promotional project over the coming two years were cause to revise the current dividend strategy of Zug Estates Holding AG. At each general meeting of shareholders as of 2020, the board of directors intends to propose a dividend calculated at an annual growth rate of 10% until such time as the payout ratio reaches a level of two thirds of earnings from operations and as long as no major investments are needed. An additional special dividend will also be proposed at the 2020 and 2021 general meetings of shareholders.

2018 2017 2016 2015 2014
Cash distribution per series B registered share 1 CHF 28.00 CHF 25.50 CHF 23.00 CHF 20.50 CHF 18.50

1Payable in the following year, 2017: proposal of the board of directors

Tax Value

2018 2017 2016 2015 2014
Series B registered share CHF 1 675 CHF 1 827 CHF 1 653 CHF 1 445 CHF 1 244

The tax Value of Zug Estates Holding AG's refistered shares are also available under www.zug.ch/tax.