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Does an individual qualify as a person with significant control (PSC) under the first two ownership or control conditions with exactly 25% of the shares or voting rights?

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Last updated on 29/04/2016

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  • Does an individual qualify as a person with significant control (PSC) under the first two ownership or control conditions with exactly 25% of the shares or voting rights?

Does an individual qualify as a person with significant control (PSC) under the first two ownership or control conditions with exactly 25% of the shares or voting rights?

Schedule 1A to the Companies Act 2006 (as inserted by the Small Business, Enterprise and Employment Act 2015) is specific in its wording as regards the first and second conditions relating to significant control, namely share ownership and voting rights. The wording is that the person holds ‘more than 25% of the shares/voting rights…’ This would therefore indicate that a person with exactly 25% or less

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