F1SCHEDULE 11BCONNECTED PERSONS
PART 1MEANING OF “CONNECTED PERSON”
Meaning of “connected person”
2
(1)
The following persons (and only those persons) are connected with a manager—
(a)
members of the manager's family (see paragraph 3);
(b)
a body corporate with which the manager is associated (as defined in paragraph 4);
(c)
a person acting in his capacity as trustee of a trust—
(i)
the beneficiaries of which include the manager or a person who by virtue of paragraph (a) or (b) is connected with him, or
(ii)
the terms of which confer a power on the trustees that may be exercised for the benefit of the manager or any such person,
other than a trust for the purposes of an employees' share scheme or a pension scheme;
(d)
a person acting in his capacity as partner—
(i)
of the manager, or
(ii)
of a person who, by virtue of paragraph (a), (b) or (c), is connected with that manager;
(e)
a firm that is a legal person under the law by which it is governed and in which—
(i)
the manager is a partner,
(ii)
a partner is a person who, by virtue of paragraph (a), (b) or (c) is connected with the manager, or
(iii)
a partner is a firm in which the manager is a partner or in which there is a partner who, by virtue of paragraph (a), (b) or (c), is connected with the director.
(2)
References to a person connected with a manager do not include a person who is also a manager of the issuer in question.