Conditions for the submission of a notification:

• shall not apply to public limited liability companies whose shares are admitted in the regulated market;
• the notification shall be submitted if the shareholder has obtained more than five per cent of the total number of dematerialised shares of the company;
• the notification shall be submitted for each subsequent acquisition of shares in the company which increases the shareholder's participation in the company above each of the following five per cent of the company's shares;
• the notice shall be submitted for a reduction in participation whenever it decreases by each of the following five per cent or becomes less than five per cent of the company's shares.