Article 11

Conditions for ancillary stabilisation In order to benefit from the exemption provided for in Article 8 of Directive 2003/6/EC, ancillary stabilisation must be undertaken in accordance with Article 9 of this Regulation and with the following: FINAL PROVISION relevant securities may be overallotted only during the subscription period and at the offer price; a position resulting from the exercise of an overallotment facility by an investment firm or credit institution which is not covered by the greenshoe option may not exceed 5 % of the original offer; the greenshoe option may be exercised by the beneficiaries of such an option only where relevant securities have been overallotted; the greenshoe option may not amount to more than 15 % of the original offer; the exercise period of the greenshoe option must be the same as the stabilisation period required under Article 8; the exercise of the greenshoe option must be disclosed to the public promptly, together with all appropriate details, including in particular the date of exercise and the number and nature of relevant securities involved. CHAPTER IV

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Source: EUR-Lex (Cellar) · retrieved 2026-10-13 · Text as adopted (Official Journal); later amendments are not incorporated in this text.