8.8 Disclosure of Shareholdings
Shareholders are required to disclose their shareholdings in listed companies. Persons who are authorized to exercise voting rights at their own discretion are also subject to reporting obligations.
- Shareholders as well as persons who are authorized to exercise voting rights at their own discretion must report to the issuer and to the Disclosure Office within four trading days if they reach, exceed or fall below the following voting rights thresholds: 3%, 5%, 10%, 15%, 20%, 25%, 33 1⁄3%, 50% or 66 2⁄3%.
- The reporting obligation arises with the creation of the right to acquire or sell equity securities (binding transaction), irrespective of whether this claim is conditional or not.
- The issuer publishes the disclosure notification within two trading days of reaching the threshold using the electronic publication platform OLSdigital operated by the Disclosure Office.
Further Information
For the legal basis, see
➔ fedlex.admin.ch/eli/cc/2015/853/en
➔ ser-ag.com/en/topics/disclosure-of-shareholdings.html
For entering shareholdings via the electronic reporting platform, see
➔ https://disclosure.six-exchange-regulation.com/gui/en/shareholding/new-notification
Published equity interests on:
➔ ser-ag.com/en/resources/notifications-market-participants/significant-shareholders.html