Regulation 10 Shareholder controllers

After regulation 22B of the 1983 Regulations insert—

“Additional information on shareholder controllers

22C

(1)

Every UK company shall, in respect of each financial year, annex to the documents referred to in regulations 6, 7 and 8 above—

(a)

a statement naming each person who, to the knowledge of the company, has been, at any time during that year, a shareholder controller of that company; and

(b)

in the case of each person who is a shareholder controller of that company at the end of that year, a statement of—

(i)

the percentage of shares he holds at that time in the company, or in another company of which the company is a subsidiary undertaking; and

(ii)

the percentage of the voting power which he is entitled at that time to exercise, or control the exercise of, at any general meeting of the company, or another company of which it is a subsidiary undertaking,

in each case, either alone or with any associate or associates.

(2)

In this regulation—

• “UK company” has the same meaning as in regulation 22A(2) above;

• “subsidiary undertaking” has the same meaning as in section 96(1) of the Act^f1 ; and

• “associate”, “share”, and “shareholder controller” have the same meanings as in section 96C of the Act^f2.”