Calculating shareholdingsU.K.
13(1)In relation to a legal entity that has a share capital, a reference to holding “more than 25% of the shares” in that entity is a reference to holding shares comprised in the issued share capital of that entity of a nominal value exceeding (in aggregate) 25% of that share capital.
(2)In relation to a legal entity that does not have a share capital—
(a)a reference to holding shares in that entity is a reference to holding a right to share in the capital or, as the case may be, profits of that entity;
(b)a reference to holding “more than 25% of the shares” in that entity is a reference to holding a right or rights to share in more than 25% of the capital or, as the case may be, profits of that entity.
Commencement Information
I1Sch. 2 para. 13 not in force at Royal Assent, see s. 69
I2Sch. 2 para. 13 in force at 1.8.2022 (except in so far as relating to ss. 7–11 of the Act) by S.I. 2022/876, reg. 3(b)
I3Sch. 2 para. 13 in force at 12.10.2022 by S.I. 2022/1039, reg. 2(b)