[Part 1 The Specified Conditions]
Companies Act 2006 | Legislation

1

This Part of this Schedule specifies the conditions at least one of which must be met by an individual (“X”) in relation to a company (“company Y”) in order for the individual to be a person with “significant control” over the company.

2

The first condition is that X holds, directly or indirectly, more than 25% of the shares in company Y.

3

The second condition is that X holds, directly or indirectly, more than 25% of the voting rights in company Y.

4

The third condition is that X holds the right, directly or indirectly, to appoint or remove a

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