Companies Act · 2021 Revised Edition · Part · Share Capital and Debentures Prospectus
Section 63C
Official textFrom Attorney General's Chambers, unchanged
Where there is a change in the percentage level of the interest or interests of a substantial shareholder in a public company in voting shares in the company, the substantial shareholder shall give notice in writing to the company stating the information specified in subsection (2) within 2 business days after he becomes aware of such a change.
The information referred to in subsection (1) shall be -
the name and address of the substantial shareholder;
the date of the change and the circumstances leading to that change; and
such other particulars as the Registrar may determine.
In subsection (I), "percentage level", in relation to a substantial shareholder, means the percentage figure ascertained by expressing the total votes attached to all the voting shares in which the substantial shareholder has an interest or interests immediately before or immediately after, as the case may be, the relevant time as a percentage of the total votes attached to -
all the voting shares in the company; or
where the share capital of the company is divided into two or more classes of shares, all the voting shares included in the class concerned, and, if it is not a whole number, rounding that figure down to the next whole number.
78
Terms defined in s 2
Registrar
Defined · s 2"Registrar" means the Registrar of Companies appointed under section 288, and includes any Deputy Registrar or Assistant Registrar;
share
Defined · s 2"share" means share in the share capital of a company, and includes stock except where a distinction between stock and shares is expressed or implied;
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Management and Administration Registered Office and Name
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Restrictions on Sale of Shares and Offers of Shares for Sale
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Prohibition of Partnerships with More Than Twenty Members
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