SwitzerlandFinance and Banking
4: Disclosure of Shareholdings
Art. 20 Obligation to notify
1 Whoever acquires or sells for his own account directly, indirectly or in agreement with third parties, shares of a Swiss-domiciled company whose equity stock, or part thereof, is quoted in Switzerland, and in doing so reaches, exceeds or drops under the threshold of 5, 10, 20, 33 1/3, 50 or 66 2/3% of the voting rights, whether they are exercisable or not, must notify the company and the stock exchanges, on which the equity stock is quoted, of this fact.
2 The conversion of participation certificates or profit-sharing certificates into shares and the exercise of conversion or acquisition rights are treated in the same way as an acquisition.
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