Schedule 1, paragraph 4(1)

In relation to a person who has a share capital, a reference to holding “more than 50% of the shares” in that person is to holding shares comprised in the issued share capital of that person of a nominal value exceeding (in aggregate) 50% of that share capital.

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Source: legislation.gov.uk · retrieved 2026-08-30 · Text as consolidated on 2026-05-20; changes after this date are not shown.