{
  "url": "https://openlegislation.uk/companies-act-2006/section-613",
  "json_url": "https://openlegislation.uk/companies-act-2006/section-613.json",
  "legislation": "ukpga/2006/46",
  "legislation_title": "Companies Act 2006",
  "legislation_url": "https://openlegislation.uk/companies-act-2006",
  "path": "section/613",
  "kind": "section",
  "number": "613",
  "heading": "Merger relief: meaning of 90% equity holding",
  "text": "(1) The following provisions have effect to determine for the purposes of section 612 (merger relief) whether a company (“company A”) has secured at least a 90% equity holding in another company (“company B”) in pursuance of such an arrangement as is mentioned in subsection (1) of that section.\n(2) Company A has secured at least a 90% equity holding in company B if in consequence of an acquisition or cancellation of equity shares in company B (in pursuance of that arrangement) it holds equity shares in company B of an aggregate amount equal to 90% or more of the nominal value of that company's equity share capital.\n(3) For this purpose—\n(a) it is immaterial whether any of those shares were acquired in pursuance of the arrangement; and\n(b) shares in company B held by the company as treasury shares are excluded in determining the nominal value of company B's share capital.\n(4) Where the equity share capital of company B is divided into different classes of shares, company A is not regarded as having secured at least a 90% equity holding in company B unless the requirements of subsection (2) are met in relation to each of those classes of shares taken separately.\n(5) For the purposes of this section shares held by—\n(a) a company that is company A's holding company or subsidiary, or\n(b) a subsidiary of company A's holding company, or\n(c) its or their nominees,\nare treated as held by company A.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2006/46/section/613",
    "retrieved_at": "2026-10-29T09:13:40.060156+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}