82,968
edits
Amwelladmin (talk | contribs) (Created page with "{{anat|pb}}A section 792 notice is issued under section 793 Companies Act 2006, a provision which permits a public company to require anyone wh...") |
Amwelladmin (talk | contribs) No edit summary |
||
Line 1: | Line 1: | ||
{{anat|pb}}A [[section | {{anat|pb}}A [[section 793 notice]] is issued under section 793 [[Companies Act 2006 (UK)|Companies Act 2006]], a provision which permits a public company to require anyone who might be "interested" in its shares to answer written questions about the nature of their interests. They are often sent to [[custodian]]s — especially those like prime brokers whose clients include activist shareholders like [[hedge fund]]s. | ||
Companies may use section 793 notices to track possible stake-buildings exercise or takeover activity, but also to explain unexpected share movement or simply as routine house keeping of their register. | Companies may use section 793 notices to track possible stake-buildings exercise or takeover activity, but also to explain unexpected share movement or simply as routine house keeping of their register. |