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Where:
(1). that body (to your knowledge) has a place of business or land in the area of the Council; and
(2). either-
(a). the total nominal value of the securities exceeds £25,000 or one hundreth of the total issued share capital of the body; or
(b). if the share capital of that body is of more than one class, the total nominal value of the shares of any one class in which the relevant person has a beneficial interest exceeds one hundreth of the total issue share capital of that class.