Our shares are traded in the form of bearer shares in the Open Market (Freiverkehr) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) in the segment Scale. This means that the provisions of the German Securities Trading Act (Wertpapierhandelsgesetz, WpHG) do not apply. This results in a lower degree of transparency of shareholdings, because according to Section 20 of the German Stock Corporation Act (Aktiengesetz, AktG) only a shareholding exceeding 25% of the shares must be disclosed.

Thus, there is no obligation under Section 33 et seq. WpHG according to which a person who reaches, exceeds or falls below 3%, 5%, 10%, 15%, 20%, 25%, 30%, 50% or 75% of the voting rights from shares belonging to him in a domestic issuer through acquisition, sale or in any other way, must immediately notify the issuer and at the same time the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin).