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NOTES TO THE FINANCIAL STATEMENTS OF NOVARTIS AG


 
   
 

 
 

 


 
 

 
 
9. REGISTRATION, VOTING RESTRICTIONS AND MAJOR SHAREHOLDERS
The Company’s Articles of Incorporation state that no person or entity shall be registered with the right to vote for more than 2% of the share capital as set forth in the Commercial Register. In particular cases the Board of Directors may allow exemptions from the limitation for registration in the share register.
As far as can be ascertained from the information available, shareholders owning 2% or more of the Company’s capital at December 31 are as follows:
 
In addition:
Nortrust Nominees, London, holds 2.5% (2004: 2.3%) and JPMorgan Chase Bank, New York, holds 8.3% (2004: 7.6%) respectively, of the registered shares as nominees.
JPMorgan Chase Bank, the depositary for the shares represented by American Depositary Shares may be registered with up to 11% of the share capital.
 

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NOVARTIS GROUP FINANCIAL REPORT 2005