3. Application

that is issued or offered to the public for subscription or purchase, or for which the public is invited to subscribe for or purchase, and that has been so subscribed or purchased; or

that is issued for the purpose of an offer to the public by and is held by the manager concerned within the meaning of section 207 of the Securities Markets Order, 20 13 (S 59/20 13), does not constitute an interest in a share.

the body corporate is, or its directors are, accustomed or under an obligation whether formal or informal to act in accordance with the directions, instructions or wishes of a person;

a person has a controlling interest in the body corporate, that person is deemed to have an interest in that share.

a person is;

the associates of a person are; or

a person and his associates are, entitled to exercise or control the exercise of not less than 20 per cent of the voting power in the body corporate, that person is deemed to have an interest in that share.

a subsidiary of that other person;

a person who is accustomed or is under an obligation whether formal or informal to act in accordance with the directions, instructions or wishes of that other person in relation to the share referred to in subsection (7); or

a body corporate that is, or a majority of the directors of which are, accustomed or under an obligation whether formal or informal to act in accordance with the directions, instructions or wishes of that other person in relation to the share referred to in subsection (7).

has entered into a contract to purchase a share;

has a right, otherwise than by reason of having an interest under a trust, to have a share transferred to himself or to his order, whether the right is exercisable presently or in the future and whether on the fulfilment of a condition or not;

has the right to acquire a share, or an interest in a share, under an option, whether the right is exercisable presently or in the future and whether on the fulfilment of a condition or not; or

is entitled (otherwise than by reason of his having been appointed a proxy or representative to vote at a meeting of members of a corporation or of a class of its members) to exercise or control the exercise of a right attached to a share, not being a share of which he is the registered holder, that person is deemed to have an interest in that share.

an interest in a share, if the interest is that of a person who holds the share as bare trustee;

an interest in a share, if the interest is that of a person whose ordinary business includes the lending of money if he holds the interest only by way of security for the purposes of a transaction entered into in the ordinary course of business in connection with the lending of money;

an interest of a person in a share, if that interest is an interest held by him by reason of his holding a prescribed ofice;

a prescribed interest in a share, being an interest of such person, or of the persons included in such class of persons, as is prescribed.

its remoteness;

the manner in which it arose; or

the fact that the exercise of a right conferred by the interest is, or is capable of being made, subject to restraint or restriction.