The following Corporate practice note provides comprehensive and up to date legal information covering:
This Practice Note focuses on Part 22 (sections 791-828) of the Companies Act 2006 (CA 2006), which enables a company to investigate interests in its shares by issuing a notice to a person it knows or has reasonable cause to believe is interested in them (a section 793 notice).
However, a public company and its shareholders are subject to a wide range of legislative and regulatory obligations concerning disclosure of interests in shares, including those in:
CA 2006, Pt 21A (CA 2006, ss 790A–790ZG), which requires a company (and certain other entities) to keep a register of people with significant control over a company (PSC register), thereby publicly disclosing the beneficial interests of its shareholders—although the requirement to keep a PSC register does not apply to a company with securities admitted to trading on a UK regulated market or an EU regulated market, or one of the markets listed in Schedule 1 to the Register of People with Significant Control Regulations 2016, SI 2016/339 (see Practice Note: PSC register—the people with significant control regime), and
the Disclosure Guidance and Transparency Rules, DTR 5, which requires a person who holds voting rights in certain companies (including any UK incorporated company with shares admitted to trading on a regulated market, such as the Main Market, or shares admitted to trading on a prescribed market, such as AIM), to
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
This Practice Note considers proprietary estoppel from a generic standpoint.For industry specific guidance on proprietary estoppel, see Practice Notes:•Estoppel and property law•Mortgages by estoppelProprietary estoppel—what is it?Unlike the other forms of estoppel (see Practice Note: Estoppel—what,
What is QOCS?Qualified one-way costs shifting (QOCS) was introduced on 1 April 2013 as part of the Jackson costs reforms following the removal of a claimant’s right to recover additional liabilities from the defendant, ie success fees and after the event (ATE) insurance premiums. The relevant CPR
A limited company that proposes to issue redeemable shares must comply with the provisions of the Companies Act 2006 (CA 2006).Why do companies issue redeemable shares?A company may wish to issue redeemable shares so that it has an alternative way to return surplus capital to shareholders without
Produced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note summarises the rules and guidance in relation to parties who are, or may be presumed to be, acting in concert for the purposes of The City Code on Takeovers and Mergers (the Code). In particular the
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.