Frequently traded shares defined by a turnover threshold over the preceding twelve months; weighted average applies if share capital varies. Regulation 71A defines frequently traded shares as shares in which traded turnover on any stock exchange during the twelve calendar months preceding the relevant date meets a prescribed turnover threshold relative to the total number of shares of that class, and where share capital of the class varies during the period a weighted average number of total shares must be used for the calculation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Frequently traded shares defined by a turnover threshold over the preceding twelve months; weighted average applies if share capital varies.
Regulation 71A defines frequently traded shares as shares in which traded turnover on any stock exchange during the twelve calendar months preceding the relevant date meets a prescribed turnover threshold relative to the total number of shares of that class, and where share capital of the class varies during the period a weighted average number of total shares must be used for the calculation.
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