nominee shareholding

nominee shareholding A shareholding held in the name of a bank, stockbroker, company, individual, etc., that is not the name of the beneficial owner of the shares (the indirect shareholder). A shareholding may be in the name of nominees to facilitate dealing or to conceal the identity of the true owner. Although this cover was formerly used in the early stages of a takeover, to enable the bidder clandestinely to build up a substantial holding in the target company, this practice was prevented by the Companies Act 1985, which made it mandatory for anyone holding 5% or more of the shares in a public company to declare that interest to the company. The earlier Companies Act 1967 made it mandatory for directors to openly declare their holdings, and those of their families, in the companies of which they are directors. The Companies Act 2006 extends information and voting rights to indirect shareholders.

non-acceptance The failure by the person on whom a bill of exchange is drawn to accept it on presentation.

• consumer buying behaviour
• consumer credit
• Consumer Credit Act 1974
• Consumer Credit Protection Act 1968
• consumer-credit register
• consumer goods
• consumer groups
• consumer instalment loan
• consumerism
• consumer market
• consumer-oriented marketing
• consumer preference
• Consumer Price Index
• consumer profile
• consumer promotion
• consumer protection
• consumer relationship-building promotion
• consumer research
• Consumers’ Association
• consumers’ expenditure
• consumer theory
• consumption
• contango
• content
• content analysis