Section 205A(13)

In this section— “ company ” means— a company or overseas company (within the meaning, in each case, of the Companies Act 2006) which has a share capital, or a United Kingdom Societas (or UK Societas) within the meaning of Council Regulation 2157/2001/EC of 8 October 2001 on the Statute for a European company; “ drag-along rights ”, in relation to shares in a company, means the right of the holders of a majority of the shares, where they are selling their shares, to require the holders of the minority to sell theirs; “ parent undertaking ” has the same meaning as in the Companies Act 2006; “ relevant independent adviser ” has the meaning that it has for the purposes of section 203(3)(c); “ tag-along rights ”, in relation to shares in a company, means the right of the holders of a minority of the shares to sell their shares, where the holders of the majority are selling theirs, on the same terms as those on which the holders of the majority are doing so.

← 12 · All articles · 14 →

Source: legislation.gov.uk · retrieved 2026-09-04