[301D Acquiring and increasing control]
[301D Acquiring and increasing control]

[(1)     For the purposes of this Chapter, a person (“A”) acquires control over a recognised investment exchange (“B”) if any of the cases in subsection (2) begin to apply.

(2)     The cases are where A holds—

(a)     20% or more of the shares in B or in a parent undertaking of B (“P”);

(b)     20% or more of the voting power in B or P; or

(c)     shares or voting power in B or P as a result of which A is able to exercise significant influence over the management of B.

(3)     For the purposes of this Chapter, a person (“A”) increases control over a recognised investment exchange (“B”) whenever—