Since the Viertes Finanzmarktförderungsgesetz (Fourth Financial Market Promotion Act) came into force on July 1, 2002, the members of the Executive and the Supervisory Boards of listed German corporations are obliged to disclose the acquisition or disposal of shares in the company or of securities relating to these shares in accordance with § 15a Wertpapierhandelsgesetz, both to the company and the Bundesanstalt für Finanzdienstleistungsaufsicht (German Financial Supervisory Authority). The Anlegerschutzverbesserungsgesetz (German Investor Protection Act), which came into force on October 30, 2004, amended the notifying parties and the minimum limit for reporting transactions.
Beiersdorf AG publishes disclosures of such securities transactions on this website in accordance with § 15a Wertpapierhandelsgesetz.
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