(1) The members of a company may require the company to circulate, to members of the company entitled to receive notice of a general meeting, a statement of not more than 1,000 words with respect to -
(a) a matter referred to in a proposed resolution to be dealt with at that meeting, or
(b) other business to be dealt with at that meeting.
(2) A company is required to circulate a statement once it has received requests to do so from -
(a) members representing at least 5% of the total voting rights of all the members who have a relevant right to vote (excluding any voting rights attached to any shares in the company held as treasury shares), or
(b) at least 100 members who have a relevant right to vote and hold shares in the company on which there has been paid up an average sum, per member, of at least £100.
See also section 153 (exercise of rights where shares held on behalf of others).
(3) In subsection (2), a "relevant right to vote" means -
(a) in relation to a statement with respe
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