in CHF 1'000 | 30.06.2017 | 31.12.2016 | ||
|---|---|---|---|---|
| No. of shares | in CHF 1,000 | No. of shares | in CHF 1,000 |
Registered shares A at the beginning of the financial year | 593,777 | 50,559 | 594,774 | 49,443 |
Purchases | 7,049 | 781 | 81,786 | 8,005 |
Sales | –50,452 | –4,312 | –82,783 | –6,889 |
Balance of registered shares A as of balance-sheet date1 | 550,374 | 47,028 | 593,777 | 50,559 |
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Registered shares B at the beginning of the financial year | 127,812 | 1,073 | 125,912 | 1,056 |
Purchases | 0 | 0 | 1,900 | 17 |
Sales | 0 | 0 | 0 | 0 |
Balance of registered shares B as of balance-sheet date | 127,812 | 1,073 | 127,812 | 1,073 |
- VP Bank Ltd carried out a repurchase programme of registered shares A from 7 June 2016 to 31 May 2017. In the context of the repurchase programme, VP Bank acquired 88,835 registered shares A at a price of CHF 8.786 million. The repurchased shares are to be used for future acquisitions or for treasury management purposes. Own shares are offset against equity in line with IAS 32.