(1) The members of a traded company may request the company to include in the business to be dealt with at an annual general meeting any matter (other than a proposed resolution) which may properly be included in the business.
(2) A matter may properly be included in the business at an annual general meeting unless -
(a) it is defamatory of any person, or
(b) it is frivolous or vexatious.
(3) A company is required to include such a matter once it has received requests that it do so from -
(a) members representing at least 5% of the total voting rights of all the members who have a right to vote at the meeting, or
(b) at least 100 members who have a right to vote at the meeting 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).
(4) A request -
(a) may be in hard copy form or in electronic form,
(b) must identify the matter to be included in the busi
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