Change of control and defensive measures

Obligation to submit an offer

There are no statutory provisions on opting up or opting out, i.e. the statutory provisions on public takeover offers pursuant to the Federal Act on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading (FMIA) apply in full.

Change of control clauses

There are no change of control clauses in favor of the members of the Board of Directors or the Group Executive Committee.