s 81 Substantial shareholdings and substantial shareholders
81.—(1) For the purposes of this Division, a person has a substantial shareholding in a company if —(a) the person has an interest or interests in one or more voting shares in the company; and (b) the total votes attached to that share, or those shares, is not less than 5% of the total votes attached to all the voting shares in the company. (2) For the purposes of this Division, a person has a substantial shareholding in a company, being a company the share capital of which is divided into 2 or more classes of shares, if —(a) the person has an interest or interests in one or more voting shares included in one of those classes; and (b) the total votes attached to that share, or those shares, is not less than 5% of the total votes attached to all the voting shares included in that class. (3) For the purposes of this Division, a person who has a substantial shareholding in a company is a substantial shareholder in that company. (4) In this section and section 83, “voting shares” exclude treasury shares.