According to § 185 of Securities Market Act each shareholder or another person specified in subsection 3 of § 10 of the Act has an obligation to notify of number of votes. If the number of votes in an issuer of shares belonging to a person pursuant to the provisions of §§ 9 and 10 of the Act constitutes 5, 10, 15, 20, 25 or 50 per cent, or 1/3 or 2/3 of all the votes represented by the shares issued by such issuer (hereinafter notification threshold) or exceeds any notification threshold either when increasing or decreasing, the person shall notify of the number of votes belonging thereto the issuer of the shares and the Financial Supervision Authority.
The notification obligation shall be performed immediately but not later than on the fourth trading day as of the trading day following the day.
To notify the number of votes, the ESMA standard form can be used for notification of major holdings or submit the information in free text through email to the Financial Supervision Authority at [email protected].
The notification obligation specified in § 185 of Securities Market Act shall be considered performed when at least the the information specified in § 1853 of Securities Market Act has been submitted.
An issuer shall organise the publication of the information received on the basis of § 185 of Securities Market Act without delay but not later than within three trading days after receiving the notice