Federal Act
on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading
(Financial Market Infrastructure Act, FinMIA)

¹ Any­one who, on 1 Feb­ru­ary 1997, dir­ectly, in­dir­ectly or act­ing in con­cert with third parties held se­cur­it­ies which gran­ted him or her more than 33⅓% but less than 50% of the vot­ing rights of a tar­get com­pany must make an of­fer for all lis­ted equity se­cur­it­ies of the com­pany if he or she ac­quires equity se­cur­it­ies and thereby ex­ceeds the threshold of 50% of the vot­ing rights.

² Para­graph 1 also ap­plies to hold­ings which were covered by the pro­vi­sions on pub­lic takeover of­fers for the first time on 1 May 2013.