Revised Laws of Saint Lucia (2021)

181.   Substantial shareholder

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    (1)   For the purposes of sections 182 to 185 a person has a substantial shareholding in a company if he or she holds, by himself or herself or by his or her nominee, shares in the company which entitle him or her to exercise at least 10% of the unrestricted voting rights at any general meeting of shareholders.

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    (2)   For the purposes of the said sections, a person who has a substantial shareholding in a company is a substantial shareholder of the company.