2002 Ed. Newspaper and Printing Presses 12 CAP. 206 (a) holds not less than 12% of the shares in the newspaper company; or (b) is in a position to control voting power of not less than 12% in the newspaper company. [20/2002] (4) For the purposes of subsection (3) — (a) a person holds a share if — (i) he is deemed to have an interest in that share under section 7(6) to (10) of the Companies Act (Cap. 50); or (ii) he otherwise has a legal or an equitable interest in that share except for such interest as is to be disregarded under section 7(6) to (10) of the Companies Act; (b) a reference to the control of a percentage of the voting power in a newspaper company is a reference to the control, whether direct or indirect, of that percentage of the total number of votes that might be cast in a general meeting of the newspaper company; and (c) a person, A, is an associate of another person, B, if — (i) A is the spouse or a parent, step-parent or remoter lineal ancestor, or a son, step-son, daughter, stepdaughter or remoter issue, or a brother or sister, of B; (ii) A is a corporation whose directors are accustomed or under an obligation, whether formal or informal, to act in accordance with the directions, instructions or wishes of B, or where B is a corporation, of the directors of B; (iii) B is a corporation whose directors are accustomed or under an obligation, whether formal or informal, to act in accordance with the directions, instructions or wishes of A, or where A is a corporation, of the directors of A; (iv) A is a person who is accustomed or under an obligation, whether formal or informal, to act in Informal Consolidation – version in force from 1/7/2015