substantial shareholder definition

substantial shareholder means a person who is entitled to exercise, or to control the exercise of, 10% or more (or such other percentage as may be prescribed by the Listing Rules) of the voting power at any general meeting of the Company;
substantial shareholder means in relation to a company, a person who is entitled to exercise, or control the exercise of 10% or more of the voting power at any general meeting of the company.
substantial shareholder in relation to a company means a person who is entitled to

Examples of substantial shareholder in a sentence

  • The provisions of this ARTICLE SEVENTH shall not be applicable to any Business Combination, the terms of which shall be approved, either in advance of or subsequent to a Substantial Shareholder having become a Substantial Shareholder, by three-fourths (3/4) of the Whole Board, but only if a majority of the members of the board of directors in office and acting upon such matter shall be Continuing Directors.


More Definitions of substantial shareholder

substantial shareholder means a person in Mauritius or elsewhere, who holds by himself or his nominee, a share or an interest in a share which entities him to exercise not less than 5 per cent of the aggregate voting power exercisable at the meeting of shareholders;
substantial shareholder in relation to a company means a person (including a
substantial shareholder means in relation to a company, a Person holding five percent (5%) or more of such company’s issued share capital or of such company’s voting rights;
substantial shareholder means any person who is directly or indirectly the beneficial owner of more than ten percent (10%) of any class of its equity security.
substantial shareholder means any person or registered shareholder that, directly or indirectly, holds, controls or is entitled to exercise the voting rights in not less than five per cent of any class of voting shares of a company, and for the purpose of determining whether a person is a substantial shareholder -
substantial shareholder means a shareholder entitled to exercise or control the exercise of fifteen percent or more of the voting power at general meetings of the company or one who is in a position to control the composition of a majority of the board of directors of a company or such lesser percentage as may be prescribed.
substantial shareholder means any Person whose interest in the Company, whether legal or beneficial, direct or indirect, may cause any shareholder of the Group to be liable to pay tax under section 551 of the Tax Act on or in connection with the making of a Distribution to or in respect of such Person including, at the date of adoption of this Article, any holder of excessive rights as defined in section 553 of the Tax Act.