# National Security Act 2023, Paragraph 6: Calculating shareholdings

Extent: E+W+S+N.I.

(1) 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.
(2) In relation to a person that does not have a share capital—
(a) 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;
(b) 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.

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Source: https://www.legislation.gov.uk/ukpga/2023/32/schedule/13/paragraph/6 (the official version)
Page: https://openlegislation.uk/national-security-act-2023/schedule-13/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.