Version Superseded: 18/09/1993
Point in time view as at 27/06/1991. This version of this provision has been superseded.
There are currently no known outstanding effects for the Companies Act 1985, Section 200.
(1)Subject to the qualification mentioned below, “percentage level", in section 199(5)(b), means the percentage figure found by expressing the aggregate nominal value of all the shares comprised in the share capital concerned in which the person is interested immediately before or (as the case may be) immediately after the relevant time as a percentage of the nominal value of that share capital and rounding that figure down, if it is not a whole number, to the next whole number.
(2)Where the nominal value of the share capital is greater immediately after the relevant time than it was immediately before, the percentage level of the person’s interest immediately before (as well as immediately after) that time is determined by reference to the larger amount.
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