Section 793 notice: Difference between revisions

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	{{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.		{{anat\|pb}}A [[section 793 notice]] is issued under {{ukleg\|2006\|46\|793}}, 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.