7.Change of control and defence measures


After the Annual General Meeting of 20 April 2012 resolved to include an “opt-out” clause in the Articles of Association (Art. 4a), parties purchasing shares in the company are exempt from the obligation to make a public offer to purchase.


There are no significant contractual agreements with the Board of Directors or the Executive Management in the event of a change of control. The Articles of Association do not contain any change of control clauses in favour of Members of the Board of Directors and/or Executive Management.