2. Conditions for Submitting a Notification
Conditions for submitting a notification:
- does not apply to joint stock companies whose stocks are admitted to trading on a regulated market;
- a notification shall be submitted if a stockholder has acquired more than five per cent of the total number of the company's dematerialised stocks;
- a notification shall be submitted in respect of each subsequent acquisition of the company's stocks that increases the stockholder's participation in the company above each successive five per cent threshold of the company's total number of stocks;
- a notification shall be submitted regarding a decrease in participation whenever it decreases by each successive five per cent threshold or falls below five per cent of the company's total number of stocks.