After selecting the position of a PSC on our application form, you will see the questions below:

The answers to these questions will reflect the percentage of shares you will own in the company. You will only select 'Yes' to the third point 'Appoint of remove the majority of the board of directors' if the officer has 51% or more of shares.

Example 1: 100% shares (sole shareholder)

• Ownership of Shares: 75% or more
• Voting rights: 75% or more
• Appoint or remove the majority of the board of directors: Yes

Example 2: Two shareholders with 50% shares each

• Ownership of Shares: More than 25% but not more than 50%
• Voting rights: More than 25% but not more than 50%
• Appoint or remove the majority of the board of directors: No

Example 3: Unequal majority ownership (i.e. 60% shares vs 40% shares). Please see below the answers for the 60% owner

• Ownership of Shares: More than 50% but less than 75%
• Voting rights: More than 50% but less that 75%
• Appoint or remove the majority of the board of directors: Yes

Example 4: Unequal minority ownership (i.e. 40% shares vs 60% shares). Please see below the answers for the 40% owner

• Ownership of Shares: More than 25% but less than 50%
• Voting rights: More than 25% but less that 50%
• Appoint or remove the majority of the board of directors: No

You will notice that the option 'Other Significant Influences or control' disappears after you have answered the first question - this only applies to someone who does not have more than 25% of shares, but still wishes to be displayed on the PSC register, as they still have significant influence in the company.