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Financial Services and Markets Act 2000

Financial Services and Markets Act 2000 s 89D

s 89D Notification of voting rights held by issuer

(1) Transparency rules may require notification of voteholder information relating to the proportion of voting rights held by an issuer in respect of voting shares in the issuer in accordance with the following provisions . (2) Transparency rules ... may require notification of voteholder information relating to the proportion of voting rights held by an issuer in respect of voting shares in the issuer only where there is a notifiable change in the proportion of— (a) the total voting rights in respect of shares in the issuer, or (b) the total voting rights in respect of a particular class of share in the issuer, held by the issuer. (3) For this purpose there is a “notifiable change” in the proportion of voting rights held by a person when the proportion changes— (a) from being a proportion less than a designated proportion to a proportion equal to or greater than that designated proportion, (b) from being a proportion equal to a designated proportion to a proportion greater or less than that designated proportion, or (c) from being a proportion greater than a designated proportion to a proportion equal to or less than that designated proportion. (4) In subsection (3) “ designated ” means designated by the rules.

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