of a subsidiary undertaking (in each case) or subsidiary undertakings of that listed company that has if not more than one subsidiary undertaking contributed less than 10% of the profits and represent less than 10% of the assets of the listed company.<\/p>\n
The subsidiary and each of the subsidiary undertakings must have been listed in the listed company\u2019s group for a year.\u00a0 The relevant period refers to accounts in respect of the preceding three years.<\/p>\n
If the subsidiary undertaking and any of the subsidiary undertakings are themselves party to the transaction or arrangement or if securities in the subsidiary undertaking or the subsidiary undertakings or their assets are the subject of a transaction or arrangement, then the ratio of \u00a0consideration to market capitalisation of the listed company is less than 10%.<\/p>\n
The figures to be used are the same as those used for the purpose of classifying profit, assets, and considerations for the Class 1, 2, and 3 transaction tests.<\/p>\n\n
\n <\/div>\n\n","protected":false},"excerpt":{"rendered":"
Purpose The purpose of the rules in relation to significant transactions is to ensure that shareholders of companies with equity securities listed are notified of certain key transactions and have the opportunity to vote on larger proposed transactions.\u00a0 Transactions potentially include all agreements entered into by the listed company and its subsidiary undertakings.\u00a0 However, the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[133],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/10068"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=10068"}],"version-history":[{"count":3,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/10068\/revisions"}],"predecessor-version":[{"id":32589,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/10068\/revisions\/32589"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=10068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=10068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=10068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}