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Q&A

A shareholder holding shares which control 5% of the voting rights can requisition an EGM in a UK company.  Investors with pure economic interest do not technically have these rights since the counter-party (normally the prime broker at a bank) holds the shares and has the right to control the voting rights rather than the investor. 100 shareholders acting together provided at least £100 has been paid up on those shares on average (even if they collectively hold less than 5%) have the same rights.

Published 18/09/21