C1Part VI Official Listing
F1Transparency obligations
Ss. 89A-89G and cross-heading inserted (8.11.2006) by Companies Act 2006 (c. 46), ss. 1266(1), 1300(1)(a) (with s. 1266(2))
89BProvision of voteholder information
1
Transparency rules may make provision for voteholder information in respect of voting shares to be notified, in circumstances specified in the rules—
a
to the issuer, or
b
to the public,
or to both.
2
Transparency rules may make provision for voteholder information notified to the issuer to be notified at the same time to the competent authority.
3
In this Part “voteholder information” in respect of voting shares means information relating to the proportion of voting rights held by a person in respect of the shares.
4
Transparency rules may require notification of voteholder information relating to a person—
a
initially, not later than such date as may be specified in the rules for the purposes of the first indent of Article 30.2 of the transparency obligations directive, and
b
subsequently, in accordance with the following provisions.
5
Transparency rules under subsection (4)(b) may require notification of voteholder information relating to a person only where there is a notifiable change in the proportion of—
a
the total voting rights in respect of shares in the issuer, or
b
the total voting rights in respect of a particular class of share in the issuer,
held by the person.
6
For this purpose there is a “notifiable change” in the proportion of voting rights held by a person when the proportion changes—
a
from being a proportion less than a designated proportion to a proportion equal to or greater than that designated proportion,
b
from being a proportion equal to a designated proportion to a proportion greater or less than that designated proportion, or
c
from being a proportion greater than a designated proportion to a proportion equal to or less than that designated proportion.
7
In subsection (6) “designated” means designated by the rules.
Pt. 6 (ss. 72-103) applied (with modifications) (1.12.2001) by S.I. 1995/1537, Sch. 4 (as amended (1.12.2001) by S.I. 2001/3649, arts. 1, 511)