Companies Act 2014


Interpretation and supplemental (Chapter 4)

1047. (1) In this Chapter—

“child” does not include a person who has attained the age of majority;

“duty of disclosure” shall be read in accordance with section 1048 or 1050(1), as appropriate;

“notifiable percentage” has the meaning given to it by section 1052;

“relevant share capital”, in relation to a PLC, means the PLC’s issued share capital of a class carrying rights to vote in all circumstances at general meetings of the PLC.

(2) It is declared for the avoidance of doubt that—

(a) where a PLC’s relevant share capital is divided into different classes of shares, references in this Chapter to a percentage of the nominal value of its relevant share capital are references to a percentage of the nominal value of the issued shares comprised in each of the classes taken separately, and

(b) the temporary suspension of voting rights in respect of shares comprised in issued share capital of a PLC of any such class does not affect the application of this Chapter in relation to interests in those or any other shares comprised in that class.

(3) The application of this Chapter is restricted, as was the position in the case of the corresponding provisions of the Act of 1990, by the regulations made under section 20 of the Investment Funds, Companies and Miscellaneous Provisions Act 2006 that are referred to in paragraph 11 of Schedule 6.