Group structure and ownership
Structure of the operating activities of the COMET Group
|X-Ray & ebeam
The Group's commercial activities consisted of three operating segments: X-Ray & ebeam Technologies, Plasma Control Technologies, and X-Ray Systems. Financial information is reported by segment. The financial data for the individual segments is found in the segment information within the notes to the consolidated annual financial statements, beginning on page 53 of the annual report.
Listed Group company: COMET Holding AG
COMET Holding AG (the “Company”) is the Group's only company listed on a stock exchange. The Company's registered office is in Flamatt, Switzerland. The registered shares of COMET Holding AG have been listed in the main market segment of the SIX Swiss Exchange in Zurich since December 17, 2002.
|Security number||382 575|
|Closing price at December 31, 2015||CHF 727.50|
|Market capitalization at December 31, 2015||CHF 562.9 million|
Assorted data on the stock of COMET Holding AG is provided inside the cover flap at the front of the annual report.
Non-listed Group companies
COMET Holding AG has no publicly traded subsidiaries. The companies consolidated in the COMET Group are named in the notes to the company financial statements of COMET Holding AG on page 93.
At December 31, 2015, COMET Holding AG had 1,627 voting shareholders of record (i.e., voting shareholders registered in the share register; prior year: 1,417). Of the total issued registered stock, 100% (prior year: 100%) represented free float. COMET Holding AG held no treasury stock at December 31, 2015 (prior year: none).
The structure of share ownership size classes among the shareholders of record at December 31, 2015 was as follows:
|Number of shares||Number of shareholders|
|1 to 100||1,307|
|101 to 1,000||266|
|1,001 to 5,000||34|
|5,001 to 10,000||9|
|More than 10,000||11|
This analysis does not capture the stock of shareholders who were not registered in the share register; at December 31, 2015 these shares of unregistered owners amounted to 34% of the total (prior year: 35%).
Ownership interests in companies domiciled in Switzerland whose shares are listed at least partly in Switzerland must be notified both to the issuer company and to the SIX Swiss Exchange when the holder's voting rights reach, increase above or fall below certain thresholds. These notification thresholds are 3%, 5%, 10%, 15%, 20%, 25%, 33 1/3%, 50% and 66 2/3% of voting rights. The relevant details are set out in the Swiss Stock Exchange Act (BEHG) and in the Ordinance of the Swiss Financial Market Supervisory Authority on Stock Exchanges and Securities Trading (the FINMA Stock Exchange Ordinance).
At December 31, 2015 the Company, according to disclosure notifications, had the following significant shareholders (defined for this purpose as holding voting rights in excess of 3% of the COMET capital stock recorded in the Swiss commercial register of companies):
|Beneficial owner||Direct shareholder||Share of voting rights as disclosed by shareholders|
|Garlito B.V., Amsterdam||5.09%|
|Artisan Partners Limited Partnership, Milwaukee, USA||Eric R. Colson
Charles J. Daley
Gregory K. Ramirez
|Pictet Asset Management SA (Direction de Fonds)||PICTET (CH) SWISS MID SMALL CAP||5.04%|
|Vanessa Frey Beat Frey Brigitte Frey Alexandra Frey||KWE Beteiligungen AG||5.01%|
|BlackRock Inc.||BlackRock Advisors (UK) Limited BlackRock Asset Management Canada Limited BlackRock Asset Management Schweiz AG BlackRock Fund Advisors BlackRock Fund Managers Limited BlackRock Institutional Trust Company, National Association BlackRock International Limited BlackRock Investment Management (UK) Limited BlackRock (Luxembourg) SA||4.98%|
|Credit Suisse Funds AG||3.21%|
|BlackRock Asset Management Schweiz AG||BlackRock Global Funds - Swiss Small & MidCap Opportunities Fund, Zurich||3.04%|
The Company has not been notified of and is not aware of any other shareholders that held more than 3% of its shares. To the best of the Company's knowledge, there were no voting pool agreements.
Reportable changes during the fiscal year
In the fiscal year under review, nine reportable announcements were published. For a complete list of all announcements under section 20 BEHG, refer to the publication platform of the disclosure section of the SIX Swiss Exchange: www.six-exchange-regulation.com/publications/significant-shareholders.html
There were no cross-shareholdings with other publicly traded companies.