8.3 Recurring and Event-related Obligations
The obligations of a company with a primary listing to provide information are straightforward on SIX in comparison with other stock exchanges. Quarterly reporting is optional, for example.
Recurring and Event-related Obligations
Recurring Obligations
Corporate Reporting
- Financial reporting: annual & semi-annual report, alternative performance measures
- Corporate governance: information on the governance and management of the company (e.g. composition and compensation of the board of directors and of the management); «comply or explain» rule
Regular Reporting
Technical and administrative information on the issuer and on the securities (e.g. information on dividends)
Event-related Obligations
Ad hoc Publicity
Information on price-sensitive facts (e.g. material changes in earnings, restructuring, purchase offers). Annual and interim reports must be published with an ad hoc announcement.
Disclosure of Management Transactions
Reporting of all relevant transactions by the board of directors and management.
Disclosure of Shareholdings
Reporting by the person or group subject to reporting obligations when reaching, exceeding or falling below the voting right thresholds of: 3%, 5%, 10%, 15%, 20%, 25%, 33 1⁄3%, 50% or 66 2⁄3%.
Communication requirements for maintaining a listing on the Swiss Exchange
The individual requirements are outlined individually in the following chapters.