Obligation to submit a purchase offer

A party acquiring shares in the company is not obliged to submit a public purchase offer pursuant to Articles 32 and 52 of the Federal Act on Stock Exchanges and Securities Trading (Art. 4 Articles of Association, “Opting out”).

Clauses on changes of control

There are no clauses on changes of control (“golden parachutes” etc.) for members of the Board of Directors, Management or other executive staff.