992 Matters to be dealt with in directors' report
992 Matters to be dealt with in directors' report
Companies Act 2006 | Legislation

(1)     Part 7 of the Companies Act 1985 (c 6) (accounts and audit) is amended as follows.

(2)     In Schedule 7 (matters to be dealt with in directors' report), after Part 6 insert—

“Part 7Disclosure Required by Certain Publicly-Traded Companies 13

(1)     This Part of this Schedule applies to the directors' report for a financial year if the company had securities carrying voting rights admitted to trading on a regulated market at the end of that year.

(2)     The report shall contain detailed information, by reference to the end of that year, on the following matters—

(a)     the structure of the company's capital, including in particular—

(i)     the rights and obligations attaching to the shares or, as the case may be, to each class of shares in the company, and

(ii)     where there are two or more such classes, the percentage of the total share capital represented by each class;

(b)     any restrictions on the transfer of securities in the company, including in particular—

(i)     limitations on the holding of securities, and

(ii)     requirements to obtain the approval of the company, or of other holders of securities in the company, for a transfer of securities;

(c)     in the case of each person with a significant direct or indirect holding of securities in the company, such details as are known to the company of—

(i)     the identity of the person,

(ii)     the size of the holding, and

(iii)     the nature of the holding;

(d)     in the case of each person who holds securities carrying special rights with regard to control of the company—

(i)     the identity of the person, and

(ii)     the nature of the rights;

(e)     where—

(i)     the company has an employees' share scheme, and

(ii)     shares to which the scheme relates have rights with regard to control of the company that are not exercisable directly by the employees,

how those rights are exercisable;

(f)     any restrictions on voting rights, including in particular—

(i)     limitations on voting rights of holders of a given percentage or number of votes,

(ii)     deadlines for exercising voting rights, and