s 83 Repeals, transitional pad saving
(1) Sections 33 and 34 of the 1967 Act and sections 26 and 27 of the 1976 Act, which are superseded by the preceding provisions of this Part of this Act, shall cease to have effect. (2) Subject to subsection (3) below, where on the appointed day a person has an interest subject to the notification requirement under section 63 of this Act in relevant share capital of a public company he shall be under an obligation to make to the company the notification with respect to his interest required by subsection (5) of that section. (3) A person shall not be required to make any such notification by virtue of subsection (2) above in any case where— (a) he has made a notification to the company under section 33 of the 1967 Act with respect to any interest of his ’ in shares comprised in the share capital in question ; and Companies Act 1981 c. 62 (b) the percentage level of the interest notified (or last notified) by him under that section is the same as the percentage level of his interest on the appointed day determined in accordance with section 63 of this Act. (4) In subsection (3)(b) above “ percentage level”? means, in relation to any interest in share capital notified by a person under section 33 of the 1967 Act, the percentage figure found by expressing the aggregate nominal value of all the shares so notified as a percentage of the nominal value of that share capital as known to the person in question on the appointed day and rounding that figure down, if it is not a whole number, to the next whole number. (5) Section 63(6) shall not apply in any case where a person is required to make a notification under that section by virtue of subsection (2) above, but a person’s obligation to make any such notification must be performed within the period of ten days next following the appointed day. (6) Section 67 of this Act shall apply in relation to an agreement notwithstanding that it was made before the appointed day or that any such acquisition of shares as is mentioned in subsection (1)(b) of that section took place before the appointed day. (7) Section 69 of this Act applies where a person becomes or ceases to be interested in any shares by virtue of section 66 or 67 of this Act on the coming into operation of either of the two last-mentioned sections as it applies in the other cases mentioned in subsection (2) of that section ; and references in that section to a person’s becoming interested in any shares by virtue of section 66 shall be read as including any case within this subsection notwithstanding that the person in question was interested in the shares immediately before the appointed day by virtue of section 28(3) of the 1967 Act. (8) Any register kept by a company immediately before the appointed day under section 34 of the 1967 Act, and any part of any such register so kept for the purposes of section 27 of the 1976 Act, shall continue to be kept by the company under and for the purposes of sections 73 and 75 of this Act respectively. (9) Notwithstanding the repeal by this Act of section 27 of the 1976 Act, subsections (1) to (4) and (7) to (10) of that section shall continue to apply in relation to any notice given to. any person under that section before the appointed day (and further notices may accordingly be given under that section on or after D4 c. 62 Companies Act.1981 that day by virtue of information received in pursuance of any notice given before that day or any further notice given by virtue of this subsection); and references in section 75 of this Act to a requirement imposed under section 74 of this Act shall be read as including references to a requirement imposed under section 27. Part V