Obligation to Notify
As at 31 December 2019, 76% of the registered shares have been hold by Swiss shareholders. Thereof:
- Private individuals: 40%
- Institutional investors: 36%
As at 31 December 2019, 24% of the registered shares have been hold by foreign shareholders. Thereof:
- Private individuals: 6%
- Institutional investors: 18%
As of 31 December 2019, two shareholders had shareholdings between 3% and 5%. The BlackRock Group, held directly or indirectly by BlackRock, Inc., New York (USA), had shareholdings of 4.92% according to the last notification received on 12 December 2018. Impax Asset Management Limited, London (Great Britain), had shareholdings of 3.02% according to the last notification received on 20 November 2018.
In the year under review, 11 disclosure notifications were filed. 6 of the filings related to Norges Bank (the Central Bank of Norway), Oslo (Norway) and 5 to Credit Suisse Funds AG, Zurich (Switzerland).
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.