Define: Controlling Interest
an interest in shares giving to the holder or holders control of the Company within the meaning of section 1124 of the CTA 2010;
an interest in shares giving to the holder or holders control of the Company within the meaning of section 1124 of the CTA 2010;.
Relevant Circumstances
- When a shareholder's stake reaches the statutory test for company control
- If a sale of shares would shift control under section 1124 CTA 2010
- Where change-of-control triggers consent or termination rights