Monday October 8 2012

News Source: Global Disclosures

Focus: Major Shareholdings

Type: General

Country: Austria




Amendments to the Stock Exchange Act on the disclosure of Austria major shareholdings in Austria were published on 14th August 2012 in the official gazette and enter into effect on 1st January 2013.

The main amendments include:

  • Reduction of the lowest threshold, currently 5%, to 4%;
  • Permission for issuers to require disclosure of holdings exceeding 3% in their articles of association;
  • Extension of the disclosure obligation to cash-settled derivatives and convertible bonds, and their aggregation with other financial instruments for the determination of thresholds.

Click on the above link for the Official Gazette (German).