Disclosure of Shares: Obligation to Notify

Notifications of investors concerning the exceedance or the shortfall of the threshold percentages in accordance with Article 20 of the Stock Exchange Act in connection with Article 9 ff. FINMA Stock Exchange Ordinance are to be made to the Head of Corporate Treasury.

Disclosure of shares: Obligation to notify

As at 31 December 2017, 58% of the registered shares have been hold by swiss shareholders. Thereof:

  • Private individuals: 27%
  • Institutional investors: 31%

As at 31 December 2017, 42% of the registered shares have been hold by foreign shareholders. Thereof:

  • Private individuals: 4%
  • Institutional investors: 38%

As of 31 December 2017, the BlackRock Group, held directly or indirectly by BlackRock, Inc., New York (USA), had shareholdings in excess of 5%. In addition, Norges Bank (the Central Bank of Norway), Oslo (Norway), the UBS Fund Management (Switzerland) AG, Basel (Switzerland), and JP Morgan Chase & Co., New York (USA), had shareholdings between 3% and 5%.

In the year under review, 21 disclosure notifications were filed; of these, 20 were published in the year under review and one was published on 4 January 2018. 20 of the filings related to the BlackRock Group, held directly or indirectly by BlackRock Inc., New York (USA), while one related to JP Morgan Chase & Co., New York (USA).

Management Transactions

The disclosure of management transactions promotes the provision of information to investors and contributes to the prevention and prosecution of market abuse.

The provisions regarding the disclosure of management transactions impose on issuers to report transactions concluded by members of their board of directors and executive committee in the given company's equity securities, convertible and purchase rights on the company's shares, and financial instruments whose price is materially dependent on the company's own equity securities.

Members of the board of directors and executive committee must report to their issuing company all transactions that fall within the scope of these regulations within two trading days.

GF must submit SIX Exchange Regulation within three further trading days a report that discloses, among other things, the name and function of the individual (i.e. executive member of the board of directors, member of the executive committee, or non-executive member of the board). SIX Exchange Regulation will then publish the report on its Website without the individual's name, however with an indication of the given individual's function.

The significant shareholders are published on the website of SIX Swiss Exchange.