Paragraph 1.01

 

major shareholdermeans a person who has an interest or interests in one or more voting shares in a corporation and the nominal amount of that share, or the aggregate of the nominal amounts of those shares, is - FAQ 10.43
(a)10% or more of the aggregate of the nominal amounts of all the voting shares in the corporation; or
(b) 5% or more of the aggregate of the nominal amounts of all the voting shares in the corporation where such person is the largest shareholder of the corporation.
For the purpose of this definition, "interest in shares" has the meaning given in section 6A of the Companies Act 1965.