SCHEDULES
SCHEDULE 13PROVISIONS SUPPLEMENTING AND INTERPRETING ARTICLES 332 TO 336
PART IRULES FOR INTERPRETATION OF THOSE ARTICLES AND ALSO ARTICLE 354(4) AND (5)
4
A person is taken to be interested in shares or debentures if a body corporate is interested in them and—
a
that body corporate or its directors are accustomed to act in accordance with his directions or instructions, or
b
he is entitled to exercise or control the exercise of one-third or more of the voting power at general meetings of that body corporate.
As this paragraph applies for the purposes of Article 354(4) and (5), “
more than one-half
”
is substituted for “one-third or more””.