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The Duty to Disclose Significant Holdings in Listed Companies

October 2007 - Finance. Legal Developments by Walder Wyss Ltd.

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As of1 July 2007, two important changes regarding the duty to disclose significant holdings in listed companies have entered into force: First, aholder of equity securities has to add all (call) options he holds to his holdings in shares in order to determine whether a threshold triggering the disclosure duty has been reached. Second, options providing for cash settlement are subject to the disclosure duty.

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