Voting rights notifications
Pursuant to Sections 33 et seq. of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG), anyone who, through the acquisition, sale or otherwise, reaches, exceeds or falls below 3 %, 5 %, 10 %, 15 %, 20 %, 25 %, 30 %, 50 % or 75 % of the voting rights in a domestic issuer from shares owned by him or her must immediately notify the issuer and at the same time the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungen – BaFin) – at the latest within four trading days.
From 1 July 2020 on submission of a notification to BaFin and to the company must be made electronically. The notification to BaFin has to be submitted by using BaFin’s Reporting and Publication Platform (MVP).
Further information on this can be found at BaFin