Section 79(3)

For the purposes of section 78 and subject to subsection (4) below, the circumstances in which a person acquires an interest in shares include those where— he enters into a contract to acquire the shares (whether or not for cash); he is not the registered holder but acquires the right to exercise, or to control the exercise of, any right conferred by the holding of the shares; or he— acquires a right to call for delivery of the shares to himself or to his order or to acquire an interest in the shares; or assumes an obligation to acquire such an interest.

← 2 · All articles · 4 →

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