Novartis registered shares on the second line
Repurchases of Novartis shares are carried out on a second trading line on the SIX Swiss Exchange，with Novartis as the exclusive buyer。
A shareholder wishing to sell Novartis shares may do so either via the ordinary trading line or via the second line。Novartis shares sold via the second trading line are subject to the Swiss federal withholding tax of 35%on the full difference between the buyback price and the par value of the registered shares。Special cases remain reserved。The repurchasing company respectively the bank mandated by the company deducts the tax from the buyback price on behalf of the Swiss Federal Tax Administration。This withholding tax can be reclaimed by qualified investors。
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