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GR-5.2.1

A controller of a licensee is a natural or legal person who, either alone or with his associates:

(a) Holds 10% or more of the shares in the licensee ('L'), or is able to exercise (or control the exercise of) more than 10% of the voting power in L;
(b) Holds 10% or more of the shares in a parent undertaking ('P') of L, or is able to exercise (or control the exercise of) more than 10% of the voting power in P; or
(c) Is able to exercise significant influence over the management of L or P.
October 2010