SCHEDULE 3REGISTER OF SHAREHOLDERS
Contents
5
1
The register of shareholders must contain an entry consisting of –
a
the name of the designated person; and
b
a statement of the aggregate number of all shares in the company held by that person.
2
In sub-paragraph (1), for the purposes of head (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 statement referred to in sub-paragraph (1)(b) must be up-dated at least once a day.
6
1
This paragraph does not apply to any issue or transfer of shares to the designated person.
2
Where a company issues a share to any person and the name of that person is not already entered on the register, the company must enter his name on the register.
3
In respect of any person whose name is entered on the register in accordance with sub-paragraph (2) or paragraph 5 of Schedule 4, the register must contain an entry consisting of –
a
the address of the shareholder;
b
the date on which the shareholder’s name was entered on the register; and
c
a statement of the aggregate number of shares held by the shareholder, distinguishing each share by its number (if it has one) and, where the company has more than one class of shares, by its class.
7
The register of shareholders must contain a monthly statement of the aggregate number of all the bearer shares in issue except for any bearer shares in issue which, at the time when the statement is made, are held by the designated person.
8
1
This paragraph applies where the aggregate number of shares referred to in paragraphs 5 to 7 includes any shares to which attach rights expressed in two denominations.
2
In respect of each class of shares to which are attached rights expressed in two denominations, the number of shares of that class held by any person referred to in paragraph 5 or 6, or the number of bearer shares of that class referred to in paragraph 7, is to be taken to be the total of –
3
In sub-paragraph (2) –
a
N is the relevant number of larger denomination shares of that class;
b
n is the relevant number of smaller denomination shares of that class; and
c
p is the number of smaller denomination shares of that class that are equivalent to one larger denomination share of that class.
4
Nothing in these Regulations is to be taken as preventing the total arrived at under sub-paragraph (2) being expressed on the register as a single entry representing the result derived from the formula set out in that sub-paragraph.