Paragraph 6 Calculating shareholdingsI1I2C1
United Kingdom
In relation to a person that has a share capital, a reference to holding more than 25% of the shares in that person is to holding shares comprised in the issued share capital of that person of a nominal value exceeding (in aggregate) 25% of that share capital.
In relation to a person that does not have a share capital—
a reference to holding shares in that person is to holding a right to share in the capital or, as the case may be, profits of that person;
a reference to holding more than 25% of the shares in that person is to holding a right or rights to share in more than 25% of the capital or, as the case may be, profits of that person.
Annotations
Modifications
- C1
Sch. 13 Pt. 2 applied (with modifications) (1.7.2025) by The National Security Act 2023 (Foreign Activities and Foreign Influence Registration Scheme: Exemptions for Certain Foreign Power Investment Funds, Education, Government Administration and Public Bodies) Regulations 2025 (S.I. 2025/676), regs. 1(2), 2(11); S.I. 2025/674, reg. 2
Commencement
- I1
Sch. 13 para. 6 not in force at Royal Assent, see 100(1)
- I2
Sch. 13 para. 6 in force at 1.7.2025 by S.I. 2025/674, reg. 2