Companies Act 2014

803

Scope of disclosure order

803. (1) A disclosure order may require the person to whom it is addressed—

(a) to give particulars of that person’s own past or present interest in shares comprised in the share capital of the company or in debentures of the company held by that person at any time during the period specified in the order,

(b) where that person’s interest is a present interest and any other interest in the shares or debentures subsists, to give such particulars of that other interest that are—

(i) required by the order, and

(ii) within that person’s knowledge,

(c) where another interest in the shares or debentures subsisted at any time during the period specified in the order when the person’s own interest subsisted, to give such particulars of that other interest that are—

(i) required by the order, and

(ii) within that person’s knowledge,

(d) where that person’s interest is a past interest, to give those particulars, that are within his or her knowledge, of the person who held that interest immediately after him or her.

(2) A disclosure order shall specify the information to be given to the court under the order in respect of any person, shares or debentures to which it refers and such information shall be given in writing.

(3) Section 807 supplements subsection (2) as regards particular information to be given in cases of share acquisition agreements.

(4) For the purposes of this section, and without prejudice to sections 804 to 808, an interest in shares in or debentures of a company includes a present or past right, or entitlement to acquire a right, to subscribe for shares or debentures if, on the basis that those shares or debentures would be, or (as the case may be) would have been, comprised in the share capital of the company or issued by it, as the case may be.