Ordinance of the Swiss Financial Market Supervisory Authority on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading

(Art. 120 para. 5, 123 para. 1 FMIA)

The fol­low­ing qual­i­fy as an in­dir­ect ac­quis­i­tion or in­dir­ect sale of a share­hold­ing:

a.

the ac­quis­i­tion and sale via a third party act­ing un­der its own name and trad­ing for the ac­count of the be­ne­fi­cial own­er;

b.

the ac­quis­i­tion and sale through dir­ectly or in­dir­ectly con­trolled leg­al en­tit­ies;

c.

the ac­quis­i­tion and sale of a share­hold­ing which dir­ectly or in­dir­ectly trans­fers own­er­ship of a leg­al en­tity which also has dir­ect or in­dir­ect own­er­ship of equity se­cur­it­ies.