Commission Directive 2007/14/EC Article 9: Circumstances under which the notifying person should have learned of acquisition or disposal or of possibility to exercise voting rights(Article 12(2) of Directive 2004/109/EC)

Article 9 - Circumstances under which the notifying person should have learned of acquisition or disposal or of possibility to exercise voting rights(Article 12(2) of Directive 2004/109/EC)

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Article 9

Circumstances under which the notifying person should have learned of acquisition or disposal or of possibility to exercise voting rights(Article 12(2) of Directive 2004/109/EC)

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Circumstances under which the notifying person should have learned of acquisition or disposal or of possibility to exercise voting rights

(Article 12(2) of Directive 2004/109/EC)

For the purposes of point (a) of Article 12(2) of Directive 2004/109/EC, the shareholder, or the natural person or legal entity referred to in Article 10 of that Directive, shall be deemed to have knowledge of the acquisition, disposal or possibility to exercise voting rights no later than two trading days following the transaction.