Content Options

Content Options

View Options

deemed voting power

    109in SUP 11 (Controllers and close links) and SUP 16 (Reporting requirements) (in accordance with section 422 of the Act), includes in relation to a person ("H") a voting power:

      1. (a) held by a third party with whom H has concluded an agreement, which obliges H and the third party to adopt, by concerted exercise of the voting power they hold, a lasting common policy towards the management of the undertaking in question;
      1. (b) held by a third party under an agreement concluded with H providing for the temporary transfer for consideration of the voting power in question;
      1. (c) attaching to shares which are lodged as collateral with H, provided that H controls the voting power and declares an intention to exercise it;
      1. (d) attaching to shares in which H has a life interest;
      1. (e) held or which may be exercised within the meaning of subparagraphs (a) to (d), by a controlled undertaking of H;
      1. (f) attaching to shares deposited with H which H has discretion to exercise in the absence of specific instructions from the shareholders;
      1. (g) held in the name of a third party on behalf of H; and
      1. (h) which H may exercise as a proxy where H has discretion about the exercise of the voting power in the absence of specific instructions from the shareholders.