Clause 30

by deleting subsections (1) and (2) and substituting the following subsections:“(1) For the purposes of this Division, a person has a substantial shareholding in a company if —

he has an interest or interests in one or more voting shares in the company; and

the total votes attached to that share, or those shares, is not less than 5% of the total votes attached to all the voting shares in the company.(2) For the purposes of this Division, a person has a substantial shareholding in a company, being a company the share capital of which is divided into 2 or more classes of shares, if —

he has an interest or interests in one or more voting shares included in one of those classes; and

the total votes attached to that share, or those shares, is not less than 5% of the total votes attached to all the voting shares included in that class.”; and

by deleting subsections (4) and (5) and substituting the following subsection:“(4) In this section and section 83, “voting shares” exclude treasury shares.”.