Takeover Act: Exceeding the protected blocking
minority
Anyone who exceeds the threshold of 26% of shares with permanent voting rights without also surpassing the 30% threshold (controlling interest threshold) is under the obligation to report this immediately to the Takeover Commission pursuant to Art. 26a par. 1 Austrian Takeover Act. It is not permitted to exercise the portion of shares exceeding 26% of the shares with permanent voting rights according to Art. 26a par. 2 Takeover Act. Violations of the reporting obligations as well as of the provisions on suspended voting rights shall be sanctioned by law.
More information
- For the Takeover Act, please refer to the website of the Takeover Commission: www.takeover.at.
-
Schedule of Fees
of Wiener Börse AG for Proceedings before the Takeover Commission (PDF-File 22KB)
(Promulgated by Official Notice No. 824 of 12 June 2006 and on 2 October 2006 published by the exchange operating Company, Wiener Börse AG, in the Federal Law Gazette of the Republic of Austria, FLG II No. 369/2006 (PDF-File 51 KB)