5.—(1) The register of shareholders must contain an entry consisting of—
(a)the name of the designated person;
(b)a statement of the aggregate number of all shares in the company held by that person; and
(c)in the case of a company which is a participating issuer, a statement in respect of shares of any class that is a class of participating securities of how many shares of that class are held by that person in uncertificated form and certificated form respectively.
(2) In sub-paragraph (1), for the purposes of sub-paragraph (b), the designated person is to be taken as holding all shares in the company which are in issue and in respect of which no other person’s name is entered on the register.
(3) The statements referred to in sub-paragraph (1)(b) and (c) must be up-dated at least once a day.