277 The 15% holding limit condition

277  The 15% holding limit condition

(1)     If the 15% holding limit condition was met when a holding in a company was acquired or last added to, the condition is treated as continuing to be met until an addition is next made to it.

(2)     “Holding in a company” means the shares or securities (whether of one class or more than one class) held in any one company.

(3)     An addition is made to a holding in a company whenever the company whose holding it is—

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