7Changes of Control and Measures

7.1Duty to make an offer

The company does not have an opt-in or opt-out clause in its Articles of Incorporation, meaning that the mandatory bid ­obligation of the Swiss Stock Exchange Act is triggered if a shareholder or a group of shareholders acting in concert acquire more than one third of the outstanding shares of the company.

7.2Clauses on changes of control

As of 31 December 2022, there are no specific clauses included in agreements and schemes benefitting members of the Board or Group Management in the event of a change of control situation.

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