(Art. 135 para. 4, 136 para. 2, 163 FinMIA) If the person previously entitled to the equity securities was subject to the duty to make an offer for all equity securities on exceeding the threshold of 50% of voting rights pursuant to the transitional regulation of Article 163 FinMIA, this duty passes over to the person acquiring a holding between 33⅓ and 50% of the voting rights, if that person is exempted from the duty to make an offer under Article 136 paragraph 2 FinMIA.
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