7  Changes of control and defence measures

7.1  Duty to make an offer

Art. 7 of Allreal’s articles of association contains an opting-out clause. This provision was introduced to permit shifts among the pool shareholders without triggering the duty to make an offer.

7.2  Change-of-control clauses

In the event of a change in the majority control of the company, there are no agreements in place benefiting the members of the Board of Directors or Group Management.