The transferee of stocks shall first submit the notification on the acquisition of stocks to the executive board of the company. If the executive board, no later than the next working day after receipt of the notification, does not make an entry in the register of stockholders or raise reasoned objections to the making of the entry, the transferee of stocks is entitled to submit the notification on the acquisition of stocks to the Register of Enterprises.

The notification shall be signed by the transferee of stocks or the transferee’s authorised representative. If there is more than one transferee, the notification shall be signed by all transferees or their authorised representatives.

The transferee of stocks shall attach to the notification on the acquisition of stocks the document on the basis of which the stocks were acquired, or a notarised copy thereof (for example, a certificate of inheritance, a court judgment, an order of a sworn bailiff, etc.). In the notification, the transferee of stocks shall certify that a notification on the transfer of stocks was submitted to the executive board, indicating the date on which the notification was submitted to the executive board.