disclosure of shareholdings

disclosure of shareholdings

the requirement in the UK under current COMPANY LAW for an investor owning more than 3% of the SHARES of a public JOINT-STOCK COMPANY to declare ownership of these shares to the directors of that company. Where several blocks of shares held by NOMINEE shareholders on behalf of a BENEFICIAL OWNER collectively amount to more than 3%, then the identity of the beneficial owner must be declared to the directors of the company. Disclosure provisions make it more difficult for someone to mount a DAWN RAID on a public company.
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