Schedule 4, Part 1, paragraph 7(3A)

The required percentage is 10%, except that in the case of a private company it is 5% if more than twelve months have elapsed since the end of the last general meeting— which was called in pursuance of a requirement under this section, or in relation to which any members of the company had (by virtue of an enactment, the company's articles or otherwise) rights with respect to the circulation of a resolution no less extensive than they would have had if the meeting had been so called at their request.

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