The transferee of shares shall first submit the notification on the acquisition of shares 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 shareholders or raise reasoned objections to the making of the entry, the transferee of shares is entitled to submit the notification on the acquisition of shares to the Register of Enterprises.

The notification shall be signed by the transferee of shares 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 shares shall attach to the notification on the acquisition of shares the document on the basis of which the shares 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 shares shall certify that a notification on the transfer of shares was submitted to the executive board, indicating the date on which the notification was submitted to the executive board.