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4.27 Own shares

As at 31 December 2018, Orell Füssli Holding Ltd held 1301 (2017: 964) of its own shares at a nominal value of CHF 1.00 per share. All of these own shares are reserved for use in connection with the equity participation plan of Group Management. During the reporting period, 337 (2017: 972) own shares were purchased at an average transaction price of CHF 112.69 (2017: CHF 128.37) per share.

In the year under review, none of the company’s own shares were issued in connection with the equity participation plan.