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Companies Act 1967 · s 81
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Companies Act 1967 · s 81
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
For the purposes of this Division, a person has a substantial shareholding in a company if —
the person 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.
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 —
the person 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.
For the purposes of this Division, a person who has a substantial shareholding in a company is a substantial shareholder in that company.
In this section and section 83, “voting shares” exclude treasury shares.