Notification of major shareholdings
Shareholders of listed companies have an obligation to notify both the listed company and the Financial Supervisory Authority of changes in their holdings and voting rights (notification obligation). Listed companies have an obligation to publicly disclose the shareholder’s notification.
A notification is made whenever one’s proportion of holdings or votes in any listed company reaches, exceeds or falls below a disclosure threshold. The thresholds are 5%, 10%, 15%, 20%, 25%, 30%, 50%, 2/3 and 90% of the number of voting rights or shares in a company.
Notifications of major shareholdings must be made without undue delay, but no later than on the trading day following a breach of the notification threshold.
Notifications to Teleste are made by email to email@example.com. Notifications to the Financial Supervisory Authority are made as per the instructions of the FSA.