Promoting pride in our communites
3. Interests in companies and securities
3.1 You should list the names of any companies, industrial and provident societies, co-operative societies, building societies, public corporations, insurance companies or other bodies corporate that (to your knowledge) are active within South Kesteven District Council’s area and in which you have a substantial interest. You do not need to show the extent of your interest.
3.2 You have a substantial interest if you own shares or other securities in the company with a nominal value of more than £25,000 or more than 1/100th of the issued shares or securities. The notional value is normally the face value on the share certificate and is not the market value. If in doubt contact your Broker. If there are several classes of shares or securities, the fraction of 1/100th applies to any of those classes. These limits also apply to deposits with industrial and provident societies, and co-operative societies.
3.3 A company or body corporate is active in the authority’s area if it has land or a place of business in that area.