Duty to make an offer
The Company has decided that an acquirer is obliged to make an offer according to Art. 32 and 52 of the Swiss Stock Exchange Act of March 24, 1995. The threshold is not raised. However, the Company has modified the provision regarding the minimum price according to section 4 of Art. 32 of the Swiss Stock Exchange Act as follows:
The price must be at least equal to the stock exchange price and may not be lower than the highest price the offeror has paid for the registered shares within the last 12 months.