Section 314(2)

A company is required to circulate a statement once it has received requests to do so from— members representing at least 5% of the total voting rights of all the members who have a relevant right to vote (excluding any voting rights attached to any shares in the company held as treasury shares), or at least 100 members who have a relevant right to vote and hold shares in the company on which there has been paid up an average sum, per member, of at least £100. See also section 153 (exercise of rights where shares held on behalf of others).

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