Foreign Shareholding

Foreign Shareholding

Individual Foreign Shareholding Restrictions

The Articles of Association include a requirement that no foreign person, or foreign persons acting in concert, can have more than a 15% voting interest in the Company. This current provision in the Articles can only be amended with the consent of the holder of the Special Share, the Secretary of State for Business, Innovation and Skills.

The foreign shareholding restriction in the Company has changed over time as shown below, having been last amended in 2002 to reflect the above position.

 31 December  39.62%
 24 December  39.72%
 17 December  39.43%
 10 December      39.41%
 3 December  39.11%
 26 November  39.52%
 19 November  39.62%
 12 November  39.04%
 5 November  39.18%
 29 October  39.04%
 15 October  38.13%
 8 October  38.19%
 1 October  37.65%
 24 September  37.85%
 17 September   37.64%
 10 September  36.74%
 3 September  37.71%
 20 August  37.87%
 13 August  38.01%
 6 August  38.08%
 30 July  37.92%
 23 July  37.77%
 16 July  37.50%
 9 July  37.38%
 2 July  37.24%
 25 June  37.06%
 18 June  37.05%
 11 June  36.81%
 4 June  36.70%
 28 May  37.20%
 21 May  37.09%
 14 May  37.27%
 7 May  37.62%
 23 April  37.34%
 16 April  37.52%
 9 April  37.39%
 2 April  37.45%
 26 March  37.21%
 19 March  37.19%
 12 March  36.75%
 5 March  36.61%
 26 February  36.43%
 19 February  36.48%
 12 February  36.36%
 5 February  36.10%
 29 January  35.97%
 22 January  36.40%
 15 January  36.33%
 08 January  35.75%
 01 January  35.81%