- related party
Under the Listing Rules, parties who are deemed to be related to a listed company in connection with transactions undertaken with the listed company. They are:• A substantial shareholder, that is a shareholder (excluding a bare trustee) who is, or was, at any time in the 12 months preceding the transaction or arrangement, entitled to exercise or control the exercise of 10% or more of the votes at a general meeting of the company (or of any of its subsidiary undertakings (which are not insignificant subsidiaries (insignificant subsidiary)), parent undertaking or a fellow subsidiary of its parent undertaking).• A person who is or was, in the 12 months preceding the transaction or arrangement, a director or shadow director of the listed company or any other company which is (and, if he has ceased to be such, was while he was a director or shadow director of such other company) its subsidiary undertaking (which is not an insignificant subsidiary) or parent undertaking or a fellow subsidiary of its parent undertaking.• A person exercising significant influence (that is, a person or entity which exercises significant influence over the listed company).• An associate of any of the above (paragraph 11.1.4R, Listing Rules).Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.