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OVERVIEW OF s. 793 REQUESTS
S. 793 Companies Act 2006 (“the Act”) gives a public company the right to require anyone who is, or might be, “interested” in its shares to answer written questions about the nature of that interest. It is usually used by companies who wish to track unusual movements in their register, typically in the context of a possible stake building exercise or takeover, but also to explain unexpected share movement or simply as part of a routine review.
Click here to view an example standard s. 793 request letter
A failure to respond to a s.793 request enables the company to “block” the shares in question, preventing the shareholder from voting or transferring its shares.
