The “END DATE” should ONLY be entered when a person or company ceases to be a beneficial owner. At all times there must be at least ONE beneficial owner.
The amount of shares taken to date is the total amount (sum) of all shares owned by the current shareholders.
The “% of Share” is the amount of that shareholder’s shares divided by the “Amount of shares taken to date” multiplied by 100.
A beneficial owner:
- Holds, directly or indirectly, more than 25% of the shares or voting rights in the company;
- Or has the right to appoint or remove a majority of the company’s board of directors.
- If no individual in the company meets those conditions, the beneficial owner is the person who (directly or indirectly) has significant influence or control over the company, through either direct or indirect ownership. This does not apply if such control is solely in the capacity of a manager, director or adviser. Refer to Beneficial Ownership (Companies) Regulations (2019 Revision)